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The most recent oil and gas industry financial headlines.
India ONGC To Invest $5.1B In 4 Years In East Coast Oil Gas Asset
Friday, September 30, 2016 - India's Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said in a tweet on Friday.
Colombia's Ecopetrol To Invest $13B Through 2020
Friday, September 30, 2016 - Colombia's state-run oil company Ecopetrol will invest $13 billion over the duration of its 2017-2020 investment plan, the company says.
Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to $27M
Thursday, September 29, 2016 - SapuraKencana Petroleum's profit after tax (PAT) rises 7.1 percent to $27.2 million in the second quarter of financial year 2017 (2Q FY17), but revenue falls 40.2 percent to $410 million.
Malaysian Banks Brace For Profit Hits As O&G Firms Restructure Debt
Monday, September 26, 2016 - Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.
Aramco CEO Says Studies Several Foreign Exchanges For 2018 Listing
Monday, September 26, 2016 - Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser says.
Russian Finmin: No Revolutionary Changes To Oil, Gas Tax Regime
Friday, September 23, 2016 - Russian Finance Minister Anton Siluanov says any changes in the oil and gas tax regime would not be "revolutionary" but energy taxes were to increase.
Nigeria Lawmakers To Investigate $17B Oil Theft Claim
Friday, September 23, 2016 - Lawmakers in Nigeria's lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies.
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