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Malaysia's ICON Posts Revenue of $12.8M in 1Q 2016, Down 18.5% YOY
Friday, May 27, 2016 Malaysia's offshore service vessel provider ICON Offshore posts an 18.5 percent year-on-year fall in revenue for first quarter 2016 to $12.8 million due to lower fleet utilization and charter rates.

CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
Friday, May 27, 2016 China National Petroleum Corp., the country's biggest oil and gas producer, plans a backdoor listing of its engineering assets through a Shanghai-listed petrochemical material supplier and processor it controls.

Sino G&E Continues to Derisk China Ordos Basin Gas Development Project
Thursday, May 26, 2016 Sino Gas & Energy continues to derisk the Ordos Basin gas development project in China, with its first offshore remittance of gas sales proceeds.

Chevron-Led Kazakh Venture May Borrow For $37B Project
Thursday, May 26, 2016 Chevron-led joint venture Tengizchevroil may take out loans and issue bonds to finance its $37 billion expansion project.

Govt's Rosneft Stake Can't Be Sold On Open Market
Thursday, May 26, 2016 Kremlin economic adviser Andrei Belousov says the government's stake in top oil producer Rosneft could not be sold on the open market.


Oil Investor Zukerman Dodged $45M in Taxes, US Says
Wednesday, May 25, 2016 Morris Zukerman spent 16 years at Morgan Stanley, overseeing its energy and merchant banking practices, before starting his own investment firm in the late 1980s. Along the way, he evaded more than $45 million in taxes, the US now alleges.

Blackstone Gives Pricey Canadian Energy and Property Thumbs Down
Wednesday, May 25, 2016 Canada's energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the US and elsewhere, according to the president of Blackstone Group, the world's largest alternative-asset manager.

Saudi Aramco Said To Appoint JPMorgan, HSBC For Debut Bond Sale
Wednesday, May 25, 2016 Saudi Aramco, the world's largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings and Riyad Bank on the company's first sale of Islamic bonds, people with knowledge of the matter say.

APPEA Urges Australia's NT to Invest in Onshore Gas Projects, Create Jobs
Wednesday, May 25, 2016 The Australia Petroleum and Production Exploration Association urges Australia's Northern Territory to invest in onshore gas projects to create new jobs for the state economy.

Energy Bet of $459B Seen as Overlooked Risk for Insurers
Tuesday, May 24, 2016 US insurers are risking financial stability by holding $459 billion of energy-related investments without considering the "broad and deep" threat that climate change poses to the assets, according to an environmental advocacy group.

Malaysia's UMW O&G Incurs a Loss Before Tax of $16.6M in 1Q 2016
Tuesday, May 24, 2016 UMW Oil & Gas incurs a loss before tax of $16.64 million in the first quarter of 2016, down from a profit before tax of $10.33 million in the previous year.

SDX Raises Funds to Support Egypt Operations
Monday, May 23, 2016 SDX Energy Inc raises approximately $11 million through a private placement, which will be used to fund its activities in Egypt.

Russian Economy Minister: Gazprom May Buy Own Shares From VEB
Friday, May 20, 2016 Gazprom might buy some of its own shares from troubled state development bank Vnesheconombank, says Economy Minister Alexei Ulyukayev.

Circle Oil Warns There Could Be Little or No Value Left for Shareholders
Friday, May 20, 2016 Circle Oil plc warns there could be little or no value left for shareholders, after taking into account its $77.5 million outstanding debt position and the nature of indicative proposals received to date.

Oil Search Boost LNG Push In PNG With $2.2B InterOil Bid
Friday, May 20, 2016 Australia's Oil Search agrees a $2.2 billion deal to acquire InterOil in a move that could pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea.

Rosneftegaz Might Pay Interim Dividend If Rosneft Stake Privatized
Friday, May 20, 2016 Rosneftegaz, which owns 69.5% of Russia's biggest oil producer Rosneft, might pay interim dividends should Rosneft be privatized.

Novatek Could Buy Out Shareholders Opposing Yamal Loan Deal
Friday, May 20, 2016 Novatek recommends buying back shares from those shareholders who do not approve external financing of its Yamal liquefied natural gas project.

PETRONAS' 1Q 2016 Profit After Tax Falls 60% YOY to $1.1B
Thursday, May 19, 2016 Malaysian national oil company PETRONAS posts $1.1 billion in profit after tax for first quarter 2016, down 60 percent from $2.8 billion recorded in the same period last year.

Proposed Gazprom Dividend Would Cut Russian State's Income
Thursday, May 19, 2016 Gazprom proposes a dividend less than half as big as the amount implied in a government order for state companies, adding to strains on state finances caused by low oil prices.

Siem Offshore Acquires 100% Interest in Secunda Canada
Wednesday, May 18, 2016 As part of a recapitalization of Secunda, Norway's Siem Offshore has acquired Birch Hill's 50 percent ownership interest in Secunda Canada.

Petrobras to Offer New Debt, Repurchase Up to $3B in Bonds
Tuesday, May 17, 2016 State-controlled Petrobras plans to sell five- and 10-year dollar-denominated bonds as early as Tuesday, the first global offering of bonds by any Brazilian company since last June.

Russia's Putin Order Opens Way For Entire State Stake Sale In Bashneft
Tuesday, May 17, 2016 Russian President Vladimir Putin excludes mid-sized oil producer Bashneft from the list of strategically important companies, opening the way for the entire state's stake sale.

Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Monday, May 16, 2016 Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.

Range Resources To Buy Memorial Resource In Deal Worth $4.4B
Monday, May 16, 2016 Oil and gas producer Range Resources Corp says it will buy Memorial Resource Development Corp in an all-stock deal valued at $4.4 billion, including $1.1 billion in debt.

Ithaca Energy Turns Loss to Profit in 1Q, Maintains Capex
Monday, May 16, 2016 Ithaca Energy turned loss to profit in the first quarter of 2016, maintaining its capital expenditure of $50 million for the year in the process.

Carlyle Invests In Tunisia-Focused Mazarine Energy
Monday, May 16, 2016 Carlyle Group has invested in Tunisia-focused oil and gas explorer Mazarine Energy.

Carlyle Sets Up $500M Europe, North Africa Energy Vehicle
Monday, May 16, 2016 Carlyle Group announced an investment in Tunisia-focused oil and gas explorer Mazarine Energy, which will also receive $500 million to make bolt-on acquisitions in Europe and North Africa.


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