Results 13 articles shown
Oil Industry's Plan to Keep Investors Happy: Borrow More Money
Tuesday, February 02, 2016 The world’s largest oil companies have a plan to weather the worst market in over a decade: borrow more money.
IMF Says Ready to Lend to African Oil Producers; No Requests Yet
Tuesday, February 02, 2016 The International Monetary Fund says it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests from the region.
Russian Oligarchs Most Likely Buyers in Putin's New Privatisation Plan
Tuesday, February 02, 2016 Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell.
Texas Shale Drillers Lure $2 Billion in New Equity to Permian
Tuesday, February 02, 2016 Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel.
Anadarko Says It May Cut Dividend Due to High Yield
Tuesday, February 02, 2016 Oil producer Anadarko Petroleum Corp may cut its dividend because its falling share price amid the oil price plunge has pushed the yield too high.
Ecopetrol Dividend Policy Seeks to Prevent Slide Into Junk
Tuesday, February 02, 2016 Colombia’s state-controlled Ecopetrol SA will pursue a dividend policy this year designed to safeguard the company’s investment grade rating amid the slump in oil prices.
China's Energy Giant Sees Profit Sliding 70% on Oil's Slump
Friday, January 29, 2016 PetroChina Co., the country's biggest oil and gas producer, expects its 2015 profit to have fallen 60 percent to 70 percent from a year earlier because of the slump in energy prices.
Vallourec Said to Weigh Capital Increase to Endure Oil Rout
Friday, January 29, 2016 Vallourec SA, the French maker of steel tubes for the oil and gas industry, is preparing to sell about 450 million euros ($491 million) in shares to help it ride out the industry slump, according to people familiar with the matter.
Oil, Gas Extraction Helps Boost Canada's Economy in November
Friday, January 29, 2016 Canadian economic growth edged up in November on an increase in oil and gas extraction, as well as greater wholesale and retail trade but the modest improvement still pointed to a fourth quarter that was likely weak at best.
Maurel & Prom Makes Deep Cuts as Oil Price Fall Bites
Thursday, January 28, 2016 French oil and gas junior Maurel & Prom has cut planned investments for 2016 by 70 percent to $45 million, and its exploration budget by 63 percent, as it reported a 50 percent fall in 2015 revenue.
Pemex Said Seeking to Raise $5 Billion in First 2016 Dollar Sale
Thursday, January 28, 2016 Petroleos Mexicanos plans to sell $5 billion of debt at a discount to similarly-rated peers as the oil company faces the threat of a credit-rating cut amid worsening losses.
U.S. Shale Firms, Struggling to Profit with $30 Oil, Slash Spending More
Wednesday, January 27, 2016 Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn a profit.
Repsol Takes 2.9 Bln Euro Hit on Weak Oil Price
Wednesday, January 27, 2016 Spain's Repsol announced on Wednesday a 2.9 billion euro ($3.2 billion) writedown on its 2015 results due to weak oil and gas prices, pushing it into a loss for the year.
|Brent Crude Oil :||$30.32/BBL||10.50%|
|Light Crude Oil :||$27.94/BBL||5.89%|
|Natural Gas :||$2.09/MMBtu||2.33%|
|Updated in last 24 hours|