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UAE Court Says Dana Gas Can Distribute Dividends, Contradicts UK Court
Wednesday, April 18, 2018 The ruling is the latest move in a legal battle in the UAE and Britain which began last year.
Drillcore Creates $250MM Fund for US Upstream Investments
Tuesday, April 17, 2018 Drillcore Energy Partners is seeking its first private equity fund to make upstream investments in the continental U.S.
Seadrill Gets US Court Approval For Bankruptcy Exit Plan
Tuesday, April 17, 2018 A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.
China's Sinochem Hires Banks for $2 bln IPO of Oil Assets - Sources
Tuesday, April 10, 2018 China's Sinochem Group has hired seven banks to manage a $2 billion Hong Kong stock listing of its key oil assets, three people said, as the state-owned firm shifts to higher-value businesses, including petrochemicals production.
Oil Services Investors Yawn at Latest US Sanctions on Russia
Monday, April 09, 2018 Investors of the world's biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.
Exxon Sparks IMF Concern With Weighty Returns in Tiny Guyana
Monday, April 09, 2018 Exxon Mobil Corp. got such a "favorable" deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.
Kazakhstan Hopes To Resolve Profit Sharing Dispute With Oil Majors By June
Friday, April 06, 2018 Kazakhstan hopes to settle a profit sharing dispute with global energy companies developing the Karachaganak gas condensate field by June, its deputy energy minister says.
BP Sees 5-10% of Global Earnings from India
Thursday, April 05, 2018 Oil giant BP Plc expects almost a tenth of its global earnings from India over the next decade.
Focus On: Company Mergers, Acquisitions, & JVs
Norway's DNO Again Raises Faroe Stake, Holds 27.7%
Thursday, April 05, 2018 Norwegian oil firm DNO increases its stake in Britain's Faroe Petroleum, boosting its holding to 27.7%.
Saudi Market Rules Ready For Aramco IPO By End-June - CMA Chairman
Thursday, March 29, 2018 Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco.
Shanghai Crude Futures Sink After Heavy Overnight Selling
Wednesday, March 28, 2018 Shanghai crude oil futures were sharply lower on Wednesday, the 3rd day of trading since their launch.
Shanghai Oil Futures Off To Robust Start On Second Day
Tuesday, March 27, 2018 Shanghai crude oil futures got off to another strong start in their second day of trading on Tuesday.
Shanghai Crude Oil Futures Roar Into Action As Glencore Bags First Trade
Monday, March 26, 2018 Shanghai crude oil futures launch with mom-and-pop and institutional investors fuelling much higher turnover than many expected for China's new commodity benchmark.
Greece's Energean IPO To Raise $500MM For Israeli Gas Project
Friday, March 16, 2018 Energean Oil & Gas plans to raise about $500 million to develop its Israeli offshore fields through an initial public offering (IPO) in London.
Spain's Cepsa Owner Looking At Potential IPO Or Sale - Spokeswoman
Friday, March 16, 2018 The sole owner of Spanish oil and gas company Cepsa is considering a public listing or sale of a stake in the company, a Cepsa spokeswoman says.
Saudi Aramco International Listing Looks Increasingly Difficult - Sources
Tuesday, March 13, 2018 Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering on an international exchange hang in the balance, sources close to the process say.
UK Officials Told That Aramco IPO Unlikely Until 2019 -FT
Monday, March 12, 2018 British officials have been informed by their Saudi counterparts that oil giant Saudi Aramco's initial public offering is likely to be delayed until 2019, the Financial Times reports.
Aberdeen Services Company Enters Restructuring Agreement
Friday, March 09, 2018 Aberdeen-headquartered energy services firm Proserv enters into a restructuring agreement with its principal lenders, which it says will 'strengthen the long term financial structure of the company'.
Oil Producer Hess To Buy Back $1B Shares
Thursday, March 08, 2018 Hess Corp will buy back $1 billion worth of shares by the end of 2018, becoming the latest U.S. oil and gas producer to do so amid a recovery in oil prices.
Saudi Aramco CEO Nasser Says IPO Work To Be Completed In 2H
Thursday, March 08, 2018 Saudi Aramco Chief Executive Officer Amin Nasser says all work required from the oil giant for its initial public offering will be completed in the second half of 2018.
Exxon Woos Wall St. With Bold Plan To Double Earnings By 2025
Wednesday, March 07, 2018 ExxonMobil says it expects earnings to more than double by 2025 to $31 billion, with crude prices at or above current levels.
Saudi Aramco CEO: Global Oil Sector Needs $20T Investments Over 25 Years
Tuesday, March 06, 2018 The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth.
Energean Israel Signs $1.2B Facility Agreement to Fund Karish Project
Monday, March 05, 2018 Energean Israel signs a $1.275 billion facility agreement with 4 international banks to finance the development of the Karish offshore gas field.
Brazil's Petrobras To Seek IPO For Gas Distribution Unit -Paper
Friday, March 02, 2018 Petroleo Brasileiro SA decides to launch an initial public offering for its Liquigas gas distribution unit after competition watchdog Cade vetoed its proposed sale to Ultragaz, a local paper reports.
Alaska, Other Oil States Fight Budget Deficits For Fiscal Year 2019
Friday, March 02, 2018 More than three years after the collapse in oil prices, energy-producing states continue to struggle with budget shortfalls.
Brazil's Petrobras Reaches Possible Legal Accord With Rig Lessor
Thursday, March 01, 2018 Brazilian state oil company Petroleo Brasileiro SA will continue to lease four rigs from Sete Brasil Participacoes SA and will terminate 28 other rig lease contracts, possibly settling a long-running legal dispute.
Seadrill, Creditors File Joint Restructuring Plan -Court Filing
Monday, February 26, 2018 Oslo-listed rig firm Seadrill and its major creditors file a joint amendment to the company's financial restructuring plan on Monday.
Bolivia Reaches Preliminary $2.5 Billion Oil, Gas Investment Deal
Monday, February 26, 2018 YPFB signs a memorandum of understanding for oil and gas exploration and production, Bolivian President Evo Morales says.
Aberdeen-Headquartered Xodus Group Welcomes Subsea 7 as Shareholder
Wednesday, February 21, 2018 Aberdeen-headquartered engineering and advisory consultancy, Xodus Group, welcomes Subsea 7 as a new shareholder.
For Timing Of Aramco IPO, Watch Forward Oil Price Curve
Monday, February 19, 2018 It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?
CFO: Sand Delays To Cut Halliburton's 1Q EPS By 10 Cents
Thursday, February 15, 2018 Halliburton's 1Q earnings would be reduced by 10 cents per share due to delays in sand deliveries, a senior company executive says.
Russia Says It May Invest in Aramco IPO Via Fund With China
Wednesday, February 14, 2018 Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco's initial public offering.
Dana Gas Creditors Reject New Proposal To Restructure $700MM Sukuk
Tuesday, February 13, 2018 Creditors of UAE-based energy producer Dana Gas reject a new proposal by the company to restructure its $700 million of Islamic bonds and are waiting for improved terms.
Court Filing: Seadrill Nears Comprehensive Restructuring Deal
Monday, February 12, 2018 Rig firm Seadrill is working towards a comprehensive deal with all its creditors that could be concluded this week.
Gazprom Neft Eyeing New Tax Relief For Novoportovskoye Oilfield
Friday, February 09, 2018 Russia's Gazprom Neft is considering applying to the finance ministry for a profit-based tax for Novoportovskoe, one of its largest fields.
ONGC Is Said to Plan $4.8 Billion Indian Oil, GAIL Stake Sale
Wednesday, February 07, 2018 Oil & Natural Gas Corp. plans to sell its holding in two state-run energy companies within a year.
Anadarko Raises Dividend Payout, Share Buyback Program
Wednesday, February 07, 2018 Anadarko says it increased its quarterly dividend and also raises its share buyback program.
Expro Completes Financial Restructuring
Tuesday, February 06, 2018 Expro successfully completes financial restructuring, which will provide the company with a 'stronger and more sustainable financial foundation to grow the business'.
Total CEO Pouyanne Says 2017 Net Profit To Be 30% Better Than 2016
Tuesday, February 06, 2018 French oil and gas group Total will report 2017 net profits that are expected to be some 30% better than the $8.3 billion recorded in 2016.
ExxonMobil Stock Rout Deepens as Profit Flub Meets S&P 500 Plunge
Monday, February 05, 2018 ExxonMobil is on course for its steepest two-day stock rout in almost 2 1/2 years.
Japex To Book C$750 Mln Impairment Loss On Its Shale Gas Project For Q3
Friday, January 26, 2018 Japan Petroleum Exploration Co Ltd (Japex) will book an impairment loss of $608 million on its shale gas project in Canada.
Seadrill Postpones Restructuring Plan Hearing Until Feb. 7
Thursday, January 25, 2018 Drilling rig company Seadrill has again postponed an initial hearing on its restructuring plan.
Blackstone To Invest In Norwegian Oil Startup Mime Petroleum
Thursday, January 25, 2018 Private equity firms Blackstone and Blue Water Energy LLP will together invest up to $1 billion in Norwegian oil startup Mime Petroleum.
Saudi Regulator Asked To Study Local Market Impact Of Aramco IPO
Wednesday, January 24, 2018 An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse.
Lundin Petroleum Announces $1.05B Budget for 2018
Tuesday, January 23, 2018 Lundin Petroleum's development, appraisal and exploration budget will total $1.05 billion in 2018.
Halliburton Upbeat On 2018 As Oil Recovery Spreads
Monday, January 22, 2018 Halliburton reports a bigger-than-expected adjusted quarterly profit and gave an upbeat outlook for 2018
VNG to Explore Strategic Options to Maximize E&P Business Value
Friday, January 19, 2018 VNG AG looking to explore 'strategic options' to maximize the value of its oil and gas exploration and production business in Norway and Denmark.
Vitol Agrees $530 Mln Oilfield Deal With Nigeria's Shoreline
Thursday, January 18, 2018 European trading house Vitol reaches deal with Shoreline to finance an oilfield in exchange for access to some of the 50,000 barrels per day it produces.
Croatia Says At Least Seven Firms Want INA Buyback Role
Wednesday, January 17, 2018 Croatia receives 7 offers from potential advisers to help the government find the best way to buy back shares of energy firm INA.
BP Expects to Take $1.7B Deepwater Horizon Charge
Tuesday, January 16, 2018 BP expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.
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