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The most recent oil and gas industry financial headlines.
Oil Hedge Helps Oando Prepay Debt After ConocoPhillips' Deal
Tuesday, March 03, 2015 - Oando has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company says.
Icahn Posts Loss As Fund Hit In 2014 By Oil Plunge
Friday, February 27, 2015 - Billionaire Carl Icahn's publicly traded investment fund posted a loss in 2014, undone by plummeting oil prices, the company says in a regulatory filing.
Woodside to Issue $1B in Corporate Bonds
Friday, February 27, 2015 - Woodside to issue $1 billion in corporate bonds to help fund its capital and exploration expenditure program.
C. Bank Governor: Low Oil Prices To Hit Investment In Uganda's Oil Sector
Wednesday, February 25, 2015 - The sharp drop in oil prices will likely slow down the flow of investment capital tied to Uganda's emerging hydrocarbons industry, and hurt economic growth, the country's central bank governor says.
Vallianz Posts Net Record Profit of $20.4M in 2014, Lifted by OSV Segment
Wednesday, February 25, 2015 - Vallianz Holdings' net profit rises to a record $20.4 million in 2014, almost twice the $10.3 million from a year ago, with the gains due mainly to contributions from its offshore support vessel chartering operations in the Middle East.
Transocean Shares Poised For Big Move After Results
Tuesday, February 24, 2015 - Transocean shares are expected to move about 8% in either direction following its earnings results.
Activist Investors Dig Deep In Energy Company Bets
Thursday, February 19, 2015 - Elliot Management and Omega Advisors are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.
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