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Finance & Investing News

Thursday, May 25, 2017

Finance and Investing News

Austria's OMV Says Iran Owes It $48 MM
The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.



Monday, May 22, 2017

Finance and Investing News

Sinochem No Longer Pursuing Stake Buy In Noble Group
Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.



Thursday, May 18, 2017

Finance and Investing News

Russian Government Still Hopes For Dividends From Rosneftegaz
Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.



Wednesday, May 17, 2017

Finance and Investing News

Gazprom 2016 Dividend Payout To Be No Less Than Last Year
Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.

OGCI Appoints CEO of OGCI Climate Investments
The Oil and Gas Climate Initiative (OGCI) appoints Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.



Tuesday, May 16, 2017

Finance and Investing News

Egypt Will Make $750MM Debt Payment To Oil Companies On June 1
Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer says.



Friday, May 12, 2017

Finance and Investing News

US Shale's Favorite Financial Trick Is Getting Less Attractive
US drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.



Thursday, May 11, 2017

Finance and Investing News

Sale Of Engie E&P Unit To Neptune Imminent
Engie is in advanced talks with Neptune Oil & Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation tells Reuters.

Noble Group Reports Big Loss, Founder Elman Steps Down As Exec Chairman
Noble Group Ltd reports a quarterly loss that pummelled its shares by as much as 33%.



Monday, May 8, 2017

Finance and Investing News

Hedge Funds Bail Just Before OPEC-Driven Oil Rally Vanishes
Before WTI crude nosedived on Thursday, money managers slashed bets on rising prices by 20%, according to US Commodity Futures Trading Commission data.






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