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The most recent oil and gas industry financial headlines.
UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 - Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
Total Seeks Arbitration Over Uganda Tax Dispute
Tuesday, March 31, 2015 - Total is seeking international arbitration over a tax disagreement with Uganda which could further delay crude oil production in the east African country.
Delek Moves to 4Q Loss on One-Off Items, Delays London Listing
Tuesday, March 31, 2015 - Israeli energy company Delek Group reports a net loss in the fourth quarter, weighed down by one-time capital losses and writedowns from the divestment of assets.
Peru's State Oil Company Says Scraps Plan For 2015 Share Offer
Monday, March 30, 2015 - Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez says.
US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 - A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 - Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.