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The most recent oil and gas industry financial headlines.
Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets
Friday, December 02, 2016 - Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.
Gazprom In Talks With Japanese Banks About Raising $850M
Friday, December 02, 2016 - Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reuters.
Russia's Lukoil Says Q3 Net Profit Down 12.5% Q-on-Q
Tuesday, November 29, 2016 - Russia's No.2 oil producer Lukoil says its 3Q net profit fell 12.5% quarter-on-quarter, while its free cash flow jumped 83.4 percent to 104.5 billion roubles ($1.6 billion).
Silverback Exploration To Sell Oil And Gas Assets For $855M
Monday, November 28, 2016 - Privately held Silverback Exploration LLC will sell oil and gas assets for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC.
Eni Aims to Cut Stake in Zohr Field to 50 pct, Could Happen Quickly
Monday, November 28, 2016 - Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said.
Israeli Leviathan Partners Get Up To $1.75B HSBC, JPMorgan Financing
Sunday, November 27, 2016 - The main Israeli partners developing the large Leviathan natural gas site said on Sunday they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion of financing.
Russneft IPO Demand Exceeds Offer By Over 30%
Friday, November 25, 2016 - Mikhail Gutseriyev, a co-owner of the Russian mid-sized oil company Russneft, said in a statement that the demand during the company's initial public offering (IPO) has exceeded offer by more than 30%.
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