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The most recent oil and gas industry financial headlines.
Trafigura's Purchases From State Oil Firms Rose In 2016 - Report
Wednesday, November 22, 2017 - Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.
Gulf Energy Raises $733MM, Biggest Thai Corporate IPO In Over A Decade
Wednesday, November 22, 2017 - Thailand's Gulf Energy Development Pcl raises $733 million after its initial public offering priced at the top end of expectations.
ADNOC To Raise $2.25B Pre-IPO Loan For Distribution Unit
Monday, November 20, 2017 - ADNOC plans to raise a $2.25 billion loan for its distribution unit prior to selling a stake of up to 20%.
London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case
Friday, November 17, 2017 - A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.
Petrobras Seals $1B Financing From Banks, Repays $500MM Debt
Friday, November 17, 2017 - Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.
Offshore Oil Service Firms Dominate North American Energy Bankruptcies
Thursday, November 16, 2017 - Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.
Russia's Rosneft Says To Invest Over $2 Bln In Egypt's Zohr In 2018-2021
Tuesday, November 14, 2017 - Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next four years, the company says.
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