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San Leon Raises Funds for OML 18 Interest Acquisition
Friday, August 26, 2016 San Leon Energy plc raises $221.4 million through an issue of 378,400,000 new ordinary shares, the net proceeds of which will be used to secure a 9.72% interest in OML 18.

Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
Friday, August 26, 2016 Reach Energy secures Securities Commission Malaysia's (SCM) approval for its acquisition of a stake in Palaeontol B.V., which owns an onshore oil and gas block in Kazakhstan.

Kerogen Capital Raises $830M In Second Energy Fund
Friday, August 26, 2016 Private equity firm Kerogen Capital secures $830 million in its second energy fund, taking its total assets under management to over $2 billion since inception.

Analysts: US E&P CAPEX Hits Bottom
Friday, August 26, 2016 Analysts say US E&P CAPEX has bottomed out, setting the stage for production growth as early as this year.

China Oil Giants Unmoved By Bull Rally After Worst Earnings
Thursday, August 25, 2016 After posting their worst-ever half-year results, two of China's oil giants aren't getting carried away by crude's return to a bull market, forecasting a rocky path ahead.


  


Filing Bankruptcy, Key Energy Expects to Remain Public Company
Thursday, August 25, 2016 Key Energy is the latest in a long line of oilfield service companies to file for a reorganization of its debts and assets, extending the bankruptcy streak that's burdened oil and gas for almost two years.

Russia's Gazprom Neft Q2 Net Profit At 48.9B Rbls
Thursday, August 25, 2016 Gazprom Neft, one of Russia's top oil producers, made a net profit of $752 million in Q2.

Petrochina Profits Sink As Weak Prices, Oversupply Bite
Wednesday, August 24, 2016 PetroChina Co Ltd reports sharply lower profits for the first half of the year, hit by slowing demand growth for refined products, an oversupply of crude and weak prices.

China's CNOOC Swings To H1 Loss, Punished By Weak Oil, Gas Prices
Wednesday, August 24, 2016 CNOOC Ltd swings to a loss in the first half of 2016 as revenue sank almost by a third because of lower crude oil and natural gas prices.

Thailand's PTTEP Cuts 2016 Investment Budget 15% To $1.7B
Tuesday, August 23, 2016 Thailand's largest oil and gas explorer, PTT Exploration and Production has cut its 2016 investment budget to $1.7 billion from $2 billion due to a cost reduction measure, an executive says.

China Oil Giants Seen Soothing Investors With Post-Crash Payouts
Tuesday, August 23, 2016 China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.

Indonesia's Aneka Gas Industri Targets $75M In IPO
Monday, August 22, 2016 Indonesian gas producer PT Aneka Gas Industri sets its initial public offering price range at 1,000-1,290 rupiah per share.

Malaysia's Petronas Q2 Profit Falls 85% On Low Oil Prices, Impairments
Monday, August 22, 2016 Petronas says its net profit fell 85% in Q2 due to low crude oil prices and a jump in impairment charges.

Russia's TMK Says Q2 Net Profit Rises To $57M
Friday, August 19, 2016 TMK, Russia's largest maker of steel pipes for the oil and gas industry, says its Q2 net profit rose to $57 million from $47 million in the same period of last year.

Woodside, Santos Profits Slump, Focus On Cost Cuts
Friday, August 19, 2016 Weak oil and gas prices hammered half-year profits at Australia's Woodside Petroleum and Santos Ltd, but investors sent their shares higher as both companies report progress on cost-cutting.

Baron Oil Receives Infrastrata Loan Repayment, Amends CLF Agreement
Friday, August 19, 2016 Baron Oil plc receives repayment of its loan to Infrastrata plc and agrees an amendment to the Convertible Loan Facility Agreement.

Premier Oil Reaps $250M Brexit Windfall From Weak Pound
Thursday, August 18, 2016 Premier Oil has saved about $250 million thanks to the depreciation of the British pound following the country's vote to leave the European Union.

Origin Energy's Full-Year Profit Drops 41% Amid Energy Slump
Thursday, August 18, 2016 Origin Energy's full-year earnings fell 41 percent, missing expectations, as the power producer said it won't pay a final dividend as it seeks to further reduce debt amid the energy price slump.

Saudi Arabia to Let Foreign Investors Participate in IPOs
Thursday, August 18, 2016 Saudi Arabia, home to the Gulf's biggest stock market, will allow foreign investors to subscribe to initial public offerings in the kingdom from January.

First Payments Received for Kiliwani North Output
Thursday, August 18, 2016 Solo Oil reveals that first payments have been received for Kiliwani North output.

Russian Oil Firm Sale Delay Seen Reflecting Kremlin Pre-Election Unease
Thursday, August 18, 2016 The Russian government's move to delay the sale of a stake in the Bashneft oil firm reflects Kremlin unease before the elections.

Shares In Russia's Bashneft Slump After Privatisation Delay
Wednesday, August 17, 2016 Shares in Russian oil firm Bashneft fell as much as 15% on Wednesday after Russian Prime Minister Dmitry Medvedev postponed plans to sell a government stake in the company.

Trinity Subsidiaries File for Bankruptcy
Wednesday, August 17, 2016 Trinity Exploration & Production plc announce that a number of its wholly-owned subsidiaries have filed for bankruptcy.

Norway's $24B Fund Seeing End To Losses In Oil Services
Wednesday, August 17, 2016 The worst could be over for investors in Norwegian oil service high yield bonds.

Weak Oil Prices Hurt Wood Group's First-Half Core Earnings
Tuesday, August 16, 2016 Oilfield services company John Wood Group Plc reports a 26.3% fall in first-half core earnings, hurt by weak demand from oil and gas producers.

LTHE Sees India Investing $5B in Offshore Upstream Sector Over 5 Years
Tuesday, August 16, 2016 L&T Heavy Engineering (LTHE) sees investments in India's offshore upstream oil and gas industry reaching up to $5 billion over the next 5 years, a top company executive says.

BHP Billiton Books Record Loss, Says Commodity Price 'Free Fall' Over
Tuesday, August 16, 2016 BHP Billiton reports a record $6.4 billion annual loss, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump.

Russia's Yamal LNG Gets 780 Million Euros In July From Chinese Loans
Tuesday, August 16, 2016 The Novatek-led Yamal LNG project in Russia received financing in July worth about $878 million from China Development Bank and Export-Import Bank of China.

Singapore's KrisEnergy Warns Debt Covenants May Come Under Stress
Monday, August 15, 2016 Singapore oil and gas exploration firm KrisEnergy Ltd says some covenants on existing debt agreements could come under stress in the near term as weaker oil markets hit revenue.

Santos to Set Aside $1B in Impairment Charge for Queensland's GLNG Project
Monday, August 15, 2016 Santos to set aside $1.05 billion in impairment charge for the Gladstone liquefied natural gas (GLNG) project in Queensland, Australia following a review of its key production assets.

Only Special Russian Decree Could Bar Rosneft From Bashneft Sale
Monday, August 15, 2016 Russia's Economy Ministry advises Prime Minister Dmitry Medvedev he would have to issue a special decree if he wants to bar Rosneft from the privatization of a mid-sized energy group.


 
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