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Finance & Investing News

Thursday, March 23, 2017   (Today)

Finance and Investing News

China's CNOOC Reports Worst Result Since 2011, Forecasts Output Rise
China's offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year.

Wednesday, March 22, 2017

Finance and Investing News

Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce
Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp, each offering more than $44 million for access to offshore exploration and production, according to federal records.

Petrobras Raises Asset Sale Goal To $21B For 2017-2018 Period
Petrobras raises a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion.

Maersk Reaches Key North Sea Tax Deal With Denmark
A.P. Moller-Maersk reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025.

Tuesday, March 21, 2017

Finance and Investing News

Enquest Reports Small Rise In Annual Profit Despite Weak Oil Price
North Sea-focused oil producer EnQuest reports a small rise in annual core earnings, despite weak oil prices, as it brings down costs and raises production.

Monday, March 20, 2017

Finance and Investing News

Italy Gives Final Approval To Intesa Funding Of Russian Oil Deal
Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company.

Friday, March 17, 2017

Finance and Investing News

UK's Tullow Oil Makes $750MM Cash Call To Reduce Debt
Tullow Oil Plc plans a rights issue to raise about $750 million to cut its $4.8 billion debt burden and make investments in drilling and exploration in Latin America and Africa.

Thursday, March 16, 2017

Finance and Investing News

China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.

Tuesday, March 14, 2017

Finance and Investing News

Norway Government Cuts 2017 Oil Investment Forecast
Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast.

Malaysia's Petronas Warns On 2017 Outlook Despite Swing To 4Q Profit
Petronas warns of a cautious outlook for 2017.

Monday, March 13, 2017

Finance and Investing News

Japan PM Abe Seeks Saudi Support For Aramco Listing In Tokyo
Japan's Prime Minister Shinzo Abe asks Saudi Arabia's King Salman to support a listing of oil giant Aramco's shares in Tokyo.

Thursday, March 9, 2017

Finance and Investing News

Premier Oil Makes Annual Pre-Tax Loss Despite Cost Cuts, Higher Output
North Sea focused Premier Oil missed analysts' annual profit forecasts as it made its third consecutive annual loss before tax despite a heavy squeeze in costs and higher production.

Wednesday, March 8, 2017

Finance and Investing News

CFO: Brazil's Petrobras Confident Accounting Practices Correct
Petrobras is "confident" its financial reporting is in line with regulation, its chief financial officer says.

Brazil's Watchdog Asks Petrobras To Restate Financial Reports From 2013-15
Brazil's stock market regulator CVM asks state controlled oil company Petroleo Brasileiro SA to restate its annual financial statements for 2013, 2014 and 2015.

Poland's PGNiG Says 2016 Net Profit Rises 10%
Polish gas company PGNiG says that higher gas sales boosted its 2016 net profit by about 10% to 2.35 billion zlotys ($577 million).

Tuesday, March 7, 2017

Finance and Investing News

Anadarko Expects Oil Sales Volumes To Rise 25%
Anadarko Petroleum says it expects a 25% rise in oil sales volumes in 2017.

Burning Less Oil At Home Will Help Saudi Exports And Aramco IPO
Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations.

Russia's Gazprom Says Credit Agricole CIB To Give It $739 MM Loan
Russian gas producer Gazprom says French Credit Agricole CIB has agreed to give it a loan of 700 million euros ($739.8 million) for 5 years.

Monday, March 6, 2017

Finance and Investing News

Colombia's Ecopetrol Reports $525.6MM Profit In 2016
Colombia's state-controlled oil producer Ecopetrol reports a net profit of $525.6 million during 2016.

OMV Acquires Yuzhno Russkoye Interest for $1.85B
OMV acquires a 24.99% participation interest in the Yuzhno Russkoye natural gas field from Uniper SE for a purchase price of $1.85 billion.

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