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The most recent oil and gas industry financial headlines.
Sinopec Subsidiaries Inflated 2014 Revenue By $3.04B
Thursday, June 30, 2016 - Subsidiaries of China's second-largest energy company Sinopec inflate their 2014 revenue by $3.04 billion, according to a report published by China's auditing department.
US Gas Futures Head for Best Second-Quarter Gain in 16 Years
Thursday, June 30, 2016 - US natural gas futures headed for the best second quarter since 2000 after a government report showed a smaller-than-forecast stockpile gain that reflected a revision to West Coast supplies.
Magnolia Petroleum Acquires Assets from Famcor Oil
Thursday, June 30, 2016 - Magnolia Petroleum Company has acquired all assets from Houston-based Famcor Oil, including 70 operated wells.
Abu Dhabi Plans Merger Of Sovereign Funds Mubadala And IPIC
Wednesday, June 29, 2016 - Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in the financial-services industry after the slump in oil prices.
Abu Dhabi Plans Merger Of Sovereign Funds Mubadala And IPIC
Wednesday, June 29, 2016 - Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in the financial-services industry after the slump in oil prices.
Australis Oil & Gas Launches IPO in Australia to Raise $22.17M
Wednesday, June 29, 2016 - Australis Oil & Gas launches an initial public offering in Australia to raise $22.17 million to help build its upstream asset portfolio.
Wall Street on Saudi Arabia Charm Offensive Chasing Record Deals
Tuesday, June 28, 2016 - When news broke in January that Saudi Arabia was considering an initial public offering of its state-owned oil company, the first reaction on Wall Street was shock.
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Brent Crude Oil : $49.68/BBL 1.83%
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Natural Gas : $2.92/MMBtu 2.09%
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