Finance and Investing News


Results 50 articles shown

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.

US Warns Investors Over Venezuela's 'Petro' Cryptocurrency
Tuesday, January 16, 2018 "(It) is another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people," a Treasury spokesman told Reuters.

Norway's Aker BP Raises 2018 Dividend Forecast, More To Come
Monday, January 15, 2018 Aker BP will pay out $450 million in dividends for 2018, $100 million more than previously indicated.

Aker Completes Senior Unsecured Bond Issue
Friday, January 12, 2018 Oil and gas services company Aker Solutions successfully completes a $188 million (NOK 1.5 billion) senior unsecured bond issue.

Poland's Pgnig Plans To Spend Half Of 2017 Profit On Dividend-CEO
Thursday, January 11, 2018 Poland's dominant gas firm PGNiG plans to spend half of 2017 profit on dividend, CEO Piotr Wozniak told Reuters on Thursday.

Troubled Noble Group Says Goodbye To Global Oil Trading
Wednesday, January 10, 2018 Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter say.

Kuwait Energy In Merger Talks With London-Listed SOCO International
Monday, January 08, 2018 SOCO International evaluating a merger with Middle East oil and gas firm Kuwait Energy.

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan
Monday, January 08, 2018 For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead Of Historic IPO
Friday, January 05, 2018 Saudi Arabia changes the status of its national oil giant Aramco to a joint-stock company as of Jan. 1.

Petrobras To Pay $2.95B To Settle US Class Action Over Corruption
Wednesday, January 03, 2018 Petrobras agrees to pay $2.95 billion to settle a US class action brought by investors.

ADNOC Distribution Shares Open Sharply Up After First IPO In 6 Years
Friday, December 29, 2017 Shares of the fuel distribution unit of Abu Dhabi National Oil Co made a strong stock market debut on Wednesday.

Financial Oil Trading Booms, Especially In The United States
Thursday, December 28, 2017 Financial oil trading is booming, hitting records this year, with volumes in US contracts outpacing growth elsewhere on the back of the US shale oil boom.

Gulf Arab Energy Producers Issue Record Debt to Fund Expansion
Thursday, December 28, 2017 Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.

Government: Venezuela Oil-Backed Cryptocurrency To Launch In Days
Thursday, December 28, 2017 Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis.

Saudis Seen Counting on 80% Surge in Oil Income to Balance Books
Wednesday, December 27, 2017 Saudi Arabia's plan to erase its budget deficit by 2023 relies on a scenario that would see oil revenue surge by about 80%, according to people with knowledge of the matter.

Hyundai Heavy Plunges by Record on $1.2 Billion Sale Plan
Wednesday, December 27, 2017 Hyundai Heavy Industries fell by a record following its plan to raise about $1.2 billion.

Ukraine's Naftogaz: Court Win Over Gazprom Worth Over $75B
Friday, December 22, 2017 Naftogaz says the total savings from its win over Russia's Gazprom at an arbitration court in Stockholm over natural gas sales will be more than $75 billion.

Genel Energy Bondholders Approve Debt Reduction Plan
Wednesday, December 20, 2017 Genel Energy Plc's bondholders approve its proposal to reduce its bond debt to $300 million from the currently outstanding $421.8 million.

Genel, DNO Confirm KRG Payments
Tuesday, December 19, 2017 Genel Energy plc and DNO ASA receive payment from the Kurdistan Regional Government (KRG) for oil sales during September.

Thai Oil Firm PTTEP Plans Expenditure Of Around $3B In 2018
Tuesday, December 19, 2017 Thai oil company PTT Exploration and Production Pcl plans total expenditure of $3.1 billion in 2018.

Canada Firm Plans $200MM Coin/Share Offering For Oil And Gas
Monday, December 18, 2017 Oleum Capital plans to raise $200 million through what it calls the world's first offering of both shares and cryptocurrency tokens, a senior company executive says.

Transneft Says Its Computers Were Used For Mining Cryptocurrency
Friday, December 15, 2017 Computers at Transneft have been used for the unauthorised manufacture, or 'mining', of the cryptocurrency Monero, a vice-president of the Russian pipeline operator said.

Venezuela's PDVSA Begins Making Delayed Bond Interest Payments
Friday, December 15, 2017 Venezuelan state oil company PDVSA begins the process of making interest payments on four of its bonds.

CEO: Brazil's Petrobras To Announce Revised Capex Plan Next Week
Friday, December 15, 2017 Petrobras will announce a revision to its investment plan by Wednesday or Thursday.

Private Oil Companies To Invest Up To $4.9B In Colombia In 2018
Wednesday, December 13, 2017 Private oil companies in Colombia will invest between $4.5 billion and $4.9 billion next year.

Natgas Producer EQT To Spend $2.4B In 2018
Wednesday, December 13, 2017 EQT says it expects to spend $2.4 billion next year.

Norway Oil Investment To Fall Less Than Expected - Lobby Group
Tuesday, December 12, 2017 Oil and gas investments in Norway are expected to fall for a fourth consecutive year in 2018 but will turn higher in 2019.

Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.

Britain's Genel Energy Seeks To Cut Bond Debt To $300 Mln
Wednesday, December 06, 2017 Iraqi Kurdistan-focused oil producer Genel Energy plc is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.

Find More Articles with an Advanced Search
The results on this page are limited to showing the 50 most recent articles for this category, region, and date range combination.For more articles, please perform an Advanced Article Search.