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Finance News
The most recent oil and gas industry financial headlines.
Venezuelan State Oil Company's Profits Down 67%
Friday, November 20, 2009 - PDVSA said its net income in the first half of 2009 fell by 67 percent to $3.17 billion due to slightly lower output and a steep decline in oil prices.
Scorpion Offshore Posts Financial Results for 1st Quarter 2010
Friday, November 20, 2009 - Scorpion Offshore's revenues for the first quarter 2010 totaled $107.9 million, including $4.9 million mobilization revenue and $3.8 million revenue booked as a reversal of a credit memo issued last quarter.
Pampa Energia Enters Investment Agreement with YPF
Friday, November 20, 2009 - Pampa Energia's subsidiary has accepted an offer from YPF to enter into an investment agreement regarding the exploitation block known as Rincon del Mangrullo in Argentina.
EXCO Resources Declares Fourth Quarter Dividend
Friday, November 20, 2009 - EXCO Resources' Board of Directors declared a fourth quarter cash dividend of $0.025 per share payable on December 15, 2009 to holders of record on November 30, 2009.
Gastem Undertakes $5MM Flow-Through Financing
Friday, November 20, 2009 - Gastem is undertaking a brokered private placement for an amount up to $5,000,000. The private placement will consist of 7,692,308 flow-through units at a price of $0.65 per Flow-Through Unit.
Marine Petroleum Trust Reveals 4Q Cash Distribution
Thursday, November 19, 2009 - Marine Petroleum Trust has declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.322823 per unit, payable on December 28, 2009, to unitholders of record on November 30, 2009.
Kulczyk Oil to Add Ukrainian Assets to Portfolio
Thursday, November 19, 2009 - Kulczyk Oil will acquire a 70% indirect equity interest in KUB-Gas, one of the largest independent natural gas producers in Ukraine, through Loon Ukraine. Upon signing the Acquisition Agreements, KOVL will pay to Gastek a deposit of $1.35 million.
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Commodities
Light Crude Oil
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