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The most recent oil and gas industry financial headlines.
Japanese Banks Loan $630M to ADOC to Develop Hail Oilfield in Abu Dhabi
Wednesday, August 31, 2016 - Japanese banks extend a $630 million loan deal to Abu Dhabi Oil Co. for the development of the offshore Hail oilfield in Abu Dhabi, United Arab Emirates.
CEO: Petrobras To Gain $11B On Sale Of Brazil Oil Rights To Statoil
Tuesday, August 30, 2016 - The sale of a stake in Carcara to Statoil will gain Petrobras as much as $11 billion to pay debt or invest in other projects.
CEO: Petrobras To Gain $11B On Sale Of Brazil Oil Rights To Statoil
Tuesday, August 30, 2016 - The sale of a stake in Carcara to Statoil will gain Petrobras as much as $11 billion to pay debt or invest in other projects.
Profit At China's Sinopec Slumps 21.6% In First Half
Monday, August 29, 2016 - China Petroleum and Chemical Corp., or Sinopec, says its net profit fell 21.6 percent in the first half of 2016, hurt by a steep decline in international oil prices.
Mexico Says 2017 Oil Hedge Guarantees $42 Per Barrel
Monday, August 29, 2016 - Mexico's Finance Ministry says it wrapped up what traders consider the world's biggest sovereign derivatives trade.
Bumi Armada's 2Q Revenue Falls 12.2% to $99.7M as FPSO, FGS Incomes Dip
Monday, August 29, 2016 - Malaysia's Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.
Bumi Armada's 2Q Revenue Falls 12.2% to $99.7M as FPSO, FGS Incomes Dip
Monday, August 29, 2016 - Malaysia's Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.
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