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Singapore Banks' Concerns Grow about Oil, Gas Sector Exposure
Thursday, July 28, 2016 Two of Singapore's top banks flag mounting concerns about loans to the oil and gas sector.

Thailand's PTTEP Q2 Profit More Than Doubles, Beats Forecast
Thursday, July 28, 2016 PTT Exploration and Production, Thailand's largest oil and gas explorer, says its quarterly net profit more than doubled, helped by lower expenses.

Saipem Cuts Guidance as Project Delays Take Toll
Wednesday, July 27, 2016 Italian oil contractor Saipem cut its guidance for the year, saying clients hit by low oil prices were delaying the awarding of contracts.

Tullow Returns to Profit as Cost Cuts, Hedging Pay Off
Wednesday, July 27, 2016 Africa-focused Tullow Oil returns to profit in the first half of the year despite weaker oil prices and lower production.

State Media: China's CNPC To Cut 2016-2020 Annual Investment By Around 40%
Wednesday, July 27, 2016 China National Petroleum Corp. (CNPC) will cut its annual investment between 2016 and 2020 to about $39 billion, down around 40 percent from the 2011-2015 period, state media says.


  


Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Tuesday, July 26, 2016 Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.

Shell Philippines Files for $629M IPO, Eyes Nov Listing
Tuesday, July 26, 2016 Pilipinas Shell Petroleum Corporation files for an initial public offering of its shares that may raise as much as $629 million in one of the Philippines' largest stock market listings.

InterOil Founder Calls for Insider-Trading Probe of Directors
Tuesday, July 26, 2016 InterOil founder and former CEO Phil Mulacek callS on US and Canadian regulators to investigate his claims that several directors may have engaged in insider trading during talks with Exxon Mobil.

Kemp: Hedge Funds in New Cycle of Oil Short-Selling
Monday, July 25, 2016 Hedge funds have been liquidating their former record bullish position in crude futures and options, putting downward pressure on oil prices in recent weeks.

Oil Drops to Two-Month Low Amid Ample US Supply, Rising Dollar
Friday, July 22, 2016 Oil dropped to the lowest close in more than two months as the US heads to the end of the summer-driving season with ample inventories.

Australia's Santos Post 2Q 2016 Sales Revenue of $590M, Down 3% YOY
Friday, July 22, 2016 Australia's Santos sales revenue fell to $590 million in the second half of 2016, down 3 percent from last year's $611 million.

Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil
Thursday, July 21, 2016 Oil Search declines to submit a counteroffer for Papua New Guinea-focused gas explorer InterOil, leaving Exxon Mobil Corp. to wait and see if Total will challenge its bid alone.

Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion
Thursday, July 21, 2016 Exxon Mobil agrees to buy natural gas explorer InterOil for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer's existing gas-export plant.

Woodside Q2 Revenue Falls 8% On Weaker Oil Prices
Thursday, July 21, 2016 Woodside reported a 10 percent rise in oil and gas output in the June quarter, while revenue fell 8 percent due to weaker oil prices, but says it expects third quarter revenue to improve.

Halliburton Posts Loss Hurt by Baker Hughes Deal Termination Fee
Wednesday, July 20, 2016 The world's number two oilfield services firm, Halliburton, posts a quarterly loss due to the $3.5-billion fee it paid for terminating a deal to buy rival Baker Hughes.

Lundin's Profitability Affected by FX Loss, Financing Fees
Wednesday, July 20, 2016 Sweden's Lundin Petroleum says profitability during the second quarter will be adversely affected by a net foreign exchange loss of $64 million and financing fees of $22 million.

BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B
Wednesday, July 20, 2016 BHP Billiton cuts oil and gas capital expenditure (CAPEX) by 44 percent in financial year 2017 to $1.4 billion, compared to $2.5 billion in the previous year.

Even The Losers May Win As Exxon Outbids Partner For PNG Gas
Tuesday, July 19, 2016 Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd.

CNR Puts Off Planned Ivory Coast Investment Over Low Oil Prices
Tuesday, July 19, 2016 Canadian Natural Resources is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation says.

Reliance's Upstream Revenue in 1Q FY17 Declines 34.8% YOY to $200M
Monday, July 18, 2016 Reliance's upstream oil and gas business posts a revenue of $200 million in the first quarter of financial year 2017, down 34.8 percent from $240 million from a year ago.

Oil Search Says Exxon Makes 'Superior' Bid for PNG's InterOil
Monday, July 18, 2016 ExxonMobil offers superior bid for InterOil, according to Oil Search, which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.

India's Reliance 1Q Net Profit Up 18%, Beats Estimates
Friday, July 15, 2016 India's oil-to-telecoms conglomerate Reliance Industries reports a better-than-expected 18-percent increase in first quarter profit.

EMAS Offshore Posts 3Q FY16 Net Loss of $23M, Revenue Down 41% to $35M
Friday, July 15, 2016 EMAS Offshore posts net loss of $23.2 million in third quarter of financial year 2016, while revenue fell 41 percent to $35.1 million amid continued weakness in the offshore services sector.


 
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