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Azerbaijan's SOCAR Sees H2 2016 Net Profit At $298 MM
Tuesday, January 17, 2017 Azeri state oil company SOCAR expects net profit of around 550 million manat ($298 million) for the second half of 2016.

Aker BP Positioned for Further Growth
Monday, January 16, 2017 Independent exploration and production company Aker BP ASA is positioned for further growth, according to the firm's CEO, Karl Johnny Hersvik.

Premier Oil Expects Weak Pound To Help Bottom Line
Thursday, January 12, 2017 Premier Oil expects to continue reaping benefits from weak sterling this year, as the depreciating currency has brought down the cost of investments in Britain at a time of low oil prices.

CGG Looks to Achieve Financial Restructuring
Thursday, January 05, 2017 French geophysical services company CGG is looking to commence discussions with stakeholders in order to achieve a financial restructuring.

Encana On Track To Exceed 2017 Budget Plan
Wednesday, January 04, 2017 Encana met its projected 2017 operations activity and rig count in December, building momentum for its five-year plan, CEO Doug Suttles says.

Kuwait Energy Says Signs $100M Financing Facility With Vitol
Wednesday, December 28, 2016 Kuwait Energy said on Wednesday it signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million.

Russia's Rosneft Opens Books For $486 Million In Domestic Bonds
Tuesday, December 20, 2016 Rosneft has opened books for a new issue of domestic rouble bonds worth 30 billion roubles ($486 million), a financial market source says.

Aker Solutions Employees Buy Shares in the Company
Friday, December 16, 2016 Aker Solutions employees have bought shares worth $4.6 million as part of annual program for staff and managers.

Wood Group Shows Recovery In US Shale On Rising Oil Prices
Wednesday, December 14, 2016 John Wood Group Plc's CFO David Kemp said on Wednesday that the company showed modest recovery in some of its oil and gas markets, including U.S. shale and offshore oil exploration and drilling businesses.

Nigerian Petroleum Development Co Says Lost $4.9B To Attacks This Year
Wednesday, December 14, 2016 The Nigerian Petroleum Development Company (NPDC), a subsidiary of state oil firm NNPC, said on Wednesday it had lost 1.5 trillion naira ($4.9 billion) due to attacks on its facilities.

KRG Doing All It Can To Ensure IOC Payments Says Deputy Prime Minister
Monday, December 05, 2016 The Kurdistan Regional Government is doing all it can to ensure prompt payments to international oil and gas companies operating in the area, KRG Deputy Prime Minister Qubad Talabani says.

Russia's Lukoil Says Q3 Net Profit Down 12.5% Q-on-Q
Tuesday, November 29, 2016 Russia's No.2 oil producer Lukoil says its 3Q net profit fell 12.5% quarter-on-quarter, while its free cash flow jumped 83.4 percent to 104.5 billion roubles ($1.6 billion).

Mexico To Net $2.9B From Oil Hedge
Thursday, November 24, 2016 Mexico is set to book a $2.9bn gain on its 2016 oil hedging program, marking the second year in a row that the country has netted a multi-billion dollar payout from the options-based commodity hedges.

Gazprom: Long-Term Contracts, New Pricing To Help Boost Revenue
Tuesday, November 22, 2016 Gazprom says a combination of long-term contracts with new pricing mechanisms and forms would allow it to boost revenues and strengthen its market position.


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