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Energy Layoffs Continue in Texas
Monday, June 27, 2016 Weatherford Artificial Lift Systems and Sun Fab Industrial Contracting will reduce workforces in Texas.

CEO: Total to Invest Over $2B in Qatar's Al-Shaheen Oilfield Development
Monday, June 27, 2016 Total plans to invest more than $2 billion in developing the Al-Shaheen oilfield over five years, the company's CEO says, after the French major won a 30 percent stake to operate Qatar's largest offshore oilfield.

Oil Bulls Face Specter of Market Turmoil on Brexit Aftershocks
Monday, June 27, 2016 Oil bulls could end up road kill following the Brexit ballot.

Russia Expects Short-Term Oil Market Volatility After Brexit
Friday, June 24, 2016 Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union.

Circle Oil Agrees Repayment Extension
Friday, June 24, 2016 Circle Oil plc agrees a repayment extension with International Finance Corporation.


  


Brazil's Petrobras Says Its Pension Fund Has $6.8B Shortfall
Friday, June 24, 2016 Brazil's state-led oil company Petrobras says its pension fund has $6.8 billion in unfunded liabilities, a new financial burden for what is already one of world's most indebted firms.

Oil Patch 'Left for Dead' Will Spark New IPOs for US Explorers
Thursday, June 23, 2016 As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest US oil field are poised to take a new generation of gushers public.

Russian EconMin: Brexit Vote Won't Ruffle Rouble, Oil Price
Thursday, June 23, 2016 Russian Economy Minister Alexei Ulyukayev does not expect sharp changes in the rouble rate and oil prices if Britain leaves the European Union.

Pemex, First Reserve Said to Near $500 Million Asset Deal
Wednesday, June 22, 2016 Pemex and private equity firm First Reserve are finalizing terms on a sale and leaseback agreement intended to provide the beleaguered state-owned oil producer with much needed capital, according to two sources.

Nordic Private Equity Funds on Lookout for Oil Bargains
Tuesday, June 21, 2016 Nordic private equity funds are eyeing bargains in the Norwegian and North Sea where oil companies caught out by low prices are seeking to generate cash.

Oil Settles Down, Bounces Off Session Lows With Gasoline
Tuesday, June 21, 2016 Oil prices dip on Tuesday based on more speculation over Britain's future in the European Union, then pared losses to settle off session lows as a US refinery outage triggered a rebound in gasoline prices.

Encana Sells Gordondale Oil And Gas Assets To Birchcliff For C$625M
Tuesday, June 21, 2016 Encana Corp reaches an agreement to sell its Gordondale oil and gas assets in northwestern Alberta to Birchcliff Energy Ltd for C$625 million ($487.98 million).

MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
Tuesday, June 21, 2016 MIE Holdings Corp.'s shareholders approve a $220 million sale of a 51 percent interest in Sino Gas Energy Ltd., the operator of two coal bed methane blocks in China's Ordos Basin, to China New Energy Mining Ltd.

Warburg Among Private Equity Sideswiped by Canada Gas
Tuesday, June 21, 2016 The first natural gas producers to go broke are being put up for sale in Canada during the worst start for prices in two decades.

Kremlin Says No Preferred Options For Rosneft Stake Sale
Monday, June 20, 2016 There are no preferred options for the sale of a stake in state-run Rosneft, says Kremlin spokesman Dmitry Peskov.

Venezuela 2016 Default Likely, PDVSA May Go First, Moody's Says
Monday, June 20, 2016 Venezuela is "highly unlikely" to have enough hard currency to fully make its debt payments this year, although a default isn't inevitable, according to a report from Moody's Investors Service.

Indonesia's Upstream Investment Appeal Fades
Monday, June 20, 2016 Indonesia's efforts to boost upstream petroleum investments to mitigate falling production have not made much headway in recent years, further entrenching its reliance on imports.

Lekoil Agrees Capital Re-Financing Deal, Completes New Debt Facility
Monday, June 20, 2016 Lekoil announces the refinancing of an existing debt facility and the completion of a new debt facility raising, in aggregate, $20 million.

Singapore's NauticAWT to Raise $1.9M Through Share Issue to HARPS
Friday, June 17, 2016 Singapore's NauticAWT signs agreement with HARPS Holdings, raising $1.93 million through issue of new company shares to the latter.

Nigeria's Lekoil Makes Use of Weak Naira to Fund Oil Field Expansion
Friday, June 17, 2016 Nigerian oil explorer Lekoil has converted around half of its investment budget into naira from U.S. dollars, benefiting from the Nigerian currency's weakness to fund an oil field expansion despite growing militant disruptions.

KazMunayGaz Offers To Buy Out Subsidiary's Minority Shareholders
Friday, June 17, 2016 Kazakhstan's national oil company KazMunayGaz will offer to buy out minority shareholders of subsidiary Kazmunaigas Exploration and Production.

Industry Leaders: Latin America Must Safeguard Energy Investors
Thursday, June 16, 2016 Latin America offers ample opportunities for the energy sector, but governments must make changes to protect investors from legal headaches, industry leaders at the World Economic Forum's Latin America meeting in Colombia said.

Sources: U.S. KKR, Mexico's Pemex Agree to $1.2B Sale, Leaseback
Thursday, June 16, 2016 U.S. private equity fund KKR and Mexico's Pemex are wrapping up details on a $1.2 billion sale and leaseback agreement, according to sources familiar with the operation, as the distressed state-owned oil company scrambles for extra cash.

InterOil Says Protest Against Board Won't Impact Takeover Vote
Wednesday, June 15, 2016 Takeover target InterOil Corp says a protest vote against its directors at a shareholders' meeting will have no bearing on an upcoming vote on a $2.2 billion bid for it by Australia's Oil Search.

IGas In Discussions with Investors to Strengthen Balance Sheet
Tuesday, June 14, 2016 Onshore UK hydrocarbon producer, IGas, is in discussions with "a number" of potential investors in a bid to strengthen its balance sheet.

Gulf Keystone Extends Standstill Agreement to July 1
Tuesday, June 14, 2016 Gulf Keystone extends standstill agreement with the majority of its note and bondholders until July 1.


 
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