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The most recent oil and gas industry financial headlines.
Warren Resources Increases 2013 Capex
Monday, May 20, 2013 - Warren Resources, Inc. announces it is increasing its 2013 capital expenditure budget to $73 million.
Moller-Maersk Net Profit Falls, Demand to Stay Subdued
Friday, May 17, 2013 - Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 - Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Petrobras Launches Sale of Bonds to Raise $11 Billion
Monday, May 13, 2013 - Petrobras begins its enormous 2013 financing campaign with one of the largest bond issues this year.
QEP Resources Spinoff Files Public IPO Plans
Thursday, May 09, 2013 - QEP Resources Inc.'s newly formed master limited partnership has filed for an initial public offering worth up to $400 million.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 - Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
Petronas to Buy Stakes Offshore Brazil from OGX at $850M
Wednesday, May 08, 2013 - Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.