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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.

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.

New Banking Regulations Pushed Oil, Gas Bankruptcies, Expert Says
Friday, September 23, 2016 Regulations that tied bankers' hands during the downturn forced some oil and gas companies into bankruptcy, key energy lender says.

Petrobras Cuts Spending, Raises Asset Sales Goal In 5-Year Plan
Tuesday, September 20, 2016 Petrobras cut planned investment by 25% under a five-year plan to reduce its massive debt, and revive investor confidence after a sweeping corruption scandal.

Funding Nigerian Oil Cash Calls From Debt Key For Economy
Friday, September 16, 2016 Nigeria must get out of paying so-called cash calls to joint ventures with oil and gas companies to stand a chance of pulling its ailing economy out of recession, says its Finance Minister.


  


New York Investigating Exxon's Accounting Practices
Friday, September 16, 2016 New York Attorney General Eric Schneiderman is investigating Exxon Mobil Corp's accounting practices and why the company hasn't written down the value of its assets.

Kazakhstan Drafts Economic Outlook Based On $35 Brent
Thursday, September 15, 2016 Kazakhstan's economy ministry has based its medium-term economic outlook on a Brent crude price of $35 per barrel.

ONGC Videsh Inks Deal with Rosneft to Up Stake in Russia's Vankorneft
Thursday, September 15, 2016 India's ONGC Videsh inks agreement with Rosneft to acquire an additional 11 percent stake in Vankorneft, the operator of the Vankor field and North Vankor license in Russia.

Chesapeake Energy Loses Appeal In $438.7M Bond Dispute
Thursday, September 15, 2016 A federal appeals court rejects Chesapeake's effort to avoid having to pay $438.7 million, including interest, to investors in a bond dispute.

Azerbaijan's SOCAR Assumes Oil Price Of $40 Per Barrel In 2017 Budget
Thursday, September 15, 2016 SOCAR assumes an oil price of $40 per barrel in its 2017 budget, the company's president, Rovnag Abdullayev, tells reporters.

Singapore's Marco Polo Marine Seeks To Delay Bond Payment
Wednesday, September 14, 2016 Singapore's Marco Polo, a marine logistics firm that counts oil and gas firms as clients, wants bond holders' nod to defer payment of notes worth $37 million, the latest oil-related firm in the city-state to show financial strain from crude's drop.

Brazil Launches Massive Privatization Plan To Rescue Economy
Tuesday, September 13, 2016 Brazil's new government launches a sweeping plan to auction off licenses in an attempt to boost investment and pull the economy out of the deepest recession in eight decades.

The 2015 Oil Bust Was Even Worse Than You Thought
Monday, September 12, 2016 The number of exploration and production bankruptcies filed so far in 2016 is almost twice the number filed in 2015, Moody's Investors Service finds.

Gulf Keystone Petroleum Pays Kurdistan Government $112.5M in 2015
Monday, September 12, 2016 Gulf Keystone Petroleum Ltd made payments worth $112.5 million to the Ministry of Natural Resources of the Kurdistan Regional Government in the year ended December 31, 2015.


 
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