Results 29 articles shown
Eni Makes Progress on $8B Asset Sales Goal
Friday, April 29, 2016 Eni is on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile projects in Egypt and Mozambique and offset the impact of lower oil prices.
Eland to Raise Funds for Gbetiokun-1 Well in Nigeria
Friday, April 29, 2016 Eland Oil & Gas plc aims to raise approximately $15 million through a placing of its shares in order to fund operations at the Gbetiokun-1 well in Nigeria.
CNOOC's 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY
Friday, April 29, 2016 CNOOC's revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm's turnover.
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Friday, April 29, 2016 Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
Sembcorp Marine's 1Q 2016 Net Profit Falls 48% YOY to $41M
Thursday, April 28, 2016 Sembcorp Marine's net profit falls 48 percent in the first quarter of 2016 to $41 million, compared to $79 million a year ago amid lower revenue from rig construction.
Term Sheet: Seadrill Sells Stake In Sapurakencana Petroleum For $198M
Thursday, April 28, 2016 Seadrill sold its 8.2 percent stake in Malaysia's Sapurakencana Petroleum for $198 million.
Oil Sands Cash Burn Deepens as Cheap Canadian Crude Saps Profits
Thursday, April 28, 2016 In a week when oil prices are rallying, financial results from one of the world’s costliest places to extract crude are a reminder of how bad things have been for energy producers.
Bradesco's Bad-Loan Provision Shows Depth of Brazil's Crisis
Thursday, April 28, 2016
Mexico's Pemex Posts Narrower First Quarter Loss
Thursday, April 28, 2016 Mexican national oil company Pemex reports a 62 billion peso ($3.6 billion) loss in the first quarter, less than last year as a lower tax burden helped offset a slump in crude prices.
China's Biggest Oil Company Posts 52% Decline In 2015 Profit
Thursday, April 28, 2016 China National Petroleum Corp., the country's biggest oil and gas producer and the parent of PetroChina, says profit fell 52 percent as lower oil prices punished global explorers.
Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.
Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016 Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.
Noble Profit Plunges As Low Oil Prices Hit Rig Demand
Wednesday, April 27, 2016 Noble's quarterly profit plunged 41%, coming slightly below analysts' expectations, hurt by lower demand for rigs as oil prices hover around decade lows.
ExxonMobil Ups Dividend 3% Day After Ratings Downgrade
Wednesday, April 27, 2016 ExxonMobil raises its quarterly dividend by 3%, a day after Standard & Poor's downgraded the US oil and gas company citing its generous payouts to shareholders.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016 The Yamal LNG project is unlikely get loans from China next month says Leonid Mikhelson, the head of No.2 Russian gas producer Novatek.
HHI Posts $283M in Operating Income in 1Q 2016, Ends 9 Quarters of Losses
Tuesday, April 26, 2016 Hyundai Heavy Industries' operating income rose to $283 million in the first quarter of 2016, ending 9 consecutive quarters of losses.
Contract Driller Nabors Posts Quarterly Loss As Oil Tumbles
Monday, April 25, 2016 Nabors posts a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude prices.
Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Monday, April 25, 2016 Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.
Swift Energy Emerges From Bankruptcy
Monday, April 25, 2016 Swift Energy says it emerged from Chapter 11 bankruptcy, less than four months after filing for creditor protection.
Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B
Friday, April 22, 2016 Total debt financing of the Novatek-led Yamal LNG project is estimated at $18-19 billion, says Novatek's chief executive.
Bumi Armada Files Claim for $284M Over Woodside's FPSO Contract Termination
Friday, April 22, 2016 Bumi Armada files claim for $283.5 million in Western Australia's Supreme Court after Woodside terminated the contract for the Armada Claire FPSO.
Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.
Kazakh Kazmunaygaz Says May Borrow to Fund Upstream Subsidiary Buyout
Thursday, April 21, 2016 Kazmunaygaz may raise new debt to finance the buyout of minority shareholders of its upstream subsidiary KMG EP in a deal worth about $1 billion, according to its managing director.
IFC, China-Mexico Fund Invests $200M in Mexico's E&P Firm Citla Energy
Thursday, April 21, 2016 International Finance Corp. and China-Mexico Fund invest $200 million in Mexican independent oil and gas exploration and production company Citla Energy.
China's CNPC: Russia's Yamal LNG to get Loans of Around $10B
Thursday, April 21, 2016 Russia's Yamal LNG project will receive around $10 billion in loans from Chinese banks in May, according to an official at China National Petroleum Corp.
Woodside's 1Q 2016 Sales Revenue Down 30.3% to $982M
Wednesday, April 20, 2016 Woodside posts a 30.3 percent decline in sales revenue for the first quarter of 2016 to $982 million, with the fall due largely to low oil and gas prices.
Saudi Arabia Said To Pick JPMorgan, Banker Klein For Aramco IPO
Wednesday, April 20, 2016 JPMorgan and Michael Klein, the former Citigroup investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.'s initial public offering, according to people familiar with the matter.
Rig Leaser Sete Brasil To File For Bankruptcy Protection
Wednesday, April 20, 2016 Brazil's rig leaser Sete Brasil Participacoes SA has decided to file for bankruptcy protection.
Dutch Court Overturns $50B Yukos Award Against Russia
Wednesday, April 20, 2016 A Dutch court overturns an order that Russia pay $50 billion to shareholders in defunct oil company Yukos.
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|Light Crude Oil :||$44.78/BBL||2.48%|
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