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Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.
Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.
Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.
Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.
Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.
Decision Day on $1 Trillion Fund's Oil Exit Moves Closer
Wednesday, August 22, 2018 Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.
Britain's 'Aramco' Listing Category Attracts Interest From A Single Firm
Friday, August 17, 2018 Britain's markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms to London.
Sources: US Directional Oil And Gas Drilling Firm SDI Seeking Buyer
Thursday, August 09, 2018 SDI is being offered to potential buyers at a valuation of more than $500 million, sources familiar said.
Focus On: LNG & Trends
Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B
Tuesday, July 17, 2018 Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.
Russian Lawmakers Approve Profit-Based Taxation For Oil Production
Thursday, July 05, 2018 The lower house of Russian parliament on Thursday approves in the third and final reading the new, profit-based, taxation for a limited number of oilfields.
EBRD Set To Approve TAP Loan In Boost For Developers -Sources
Wednesday, July 04, 2018 A major European development bank is likely to approve a loan for the Trans-Adriatic Pipeline (TAP) gas project on Wednesday, sources say.
Rig Firm Fred. Olsen Energy Fails To Win Waiver Extension
Monday, July 02, 2018 The creditors of Oslo-listed Fred. Olsen Energy did not agree to extend a waiver to some of the company's financial covenants that expired on Saturday, the Norwegian drilling rig contractor says.
Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.
Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.
Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Friday, June 15, 2018 Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu, keen to encourage a proposed merger that has been opposed by Idemitsu's founding family.
Brookfield CEO Says He May Consider Trans Mountain Investment
Friday, June 15, 2018 Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.
Sources Say ExxonMobil to Take Baby Steps to Expand Oil Trading Unit
Tuesday, June 12, 2018 ExxonMobil is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations.
Russia's Gazprom Neft Says Q1 Earnings Up 12.5% Y-o-Y
Tuesday, May 29, 2018 Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says its first-quarter net income rose by 12.5% year-on-year.
Saudi Oil Minister Says Aramco IPO Is 'Most Likely' in 2019
Friday, May 25, 2018 The initial public offering of Saudi Aramco will 'most likely' happen in 2019, the kingdom's oil minister says.
Report: Petrobras CEO Sees Possible Rise In Capital Spending
Friday, May 18, 2018 Petrobras may raise its capital expenditure program.
Investors See Big Oil Surge, But Physical Markets Suggest Caution
Tuesday, May 15, 2018 Physical markets for oil shipments tell a different story.
Petrobras' Profit Jumps On Asset Sales, Higher Oil Prices
Tuesday, May 08, 2018 Petrobras reports a 57% surge in quarterly profit.
Oil's Lifeline Turns Into $7 Billion Drag as Crude Prices Jump
Wednesday, May 02, 2018 There's a downside to oil prices being up that could cost the industry more than $7 billion.
Rosneft Appeals to Market With $2 Billion Buyback, Debt Cut
Tuesday, May 01, 2018 Rosneft PJSC plans to start a $2B share buyback this year.
Pemex CEO Says We Must Move To IPO, But Will Take Years
Wednesday, April 25, 2018 Pemex says it must move towards a stock exchange listing like Saudi Arabia's Aramco has done but that such a step would take years.
Egypt Aims For $10B Foreign Investment In Oil, Gas In 2018/19
Monday, April 23, 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla says.
Yorktown Selling Egypt Oil Business Merlon -Sources
Friday, April 20, 2018 Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, 2 banking sources told Reuters.
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.
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.
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