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Finance & Investing News

Friday, June 23, 2017

Finance and Investing News

Hellenic Petroleum Five-Month Pretax Profit At 246MM Euros
Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).

Essar Oil's Creditors Approve $12.9B Rosneft Takeover
Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.

Thursday, June 22, 2017

Finance and Investing News

Russia's Rosneft CEO Says Takeover Of India's Essar Is Closed
The takeover of India's Essar Oil by Russia's largest oil producer Rosneft can be now considered as closed.

Tuesday, June 20, 2017

Finance and Investing News

Putin Asks Rosneft To Consider Paying 50% Of Net Profit In Dividend
Russian President Vladimir Putin has asked Igor Sechin, the head of Rosneft, to consider the possibility of paying 50% of net income in dividends.

Canada Oil, Gas Assets Beat US in Clash for Foreign Cash
As energy mergers and acquisitions activity in North America heats up, Canada's attitude toward foreign investors welcomes cash from China, other nations.

Friday, June 16, 2017

Finance and Investing News

Maersk Will Only List Oil Business
Danish shipping and oil conglomerate A. P. Moller-Maersk aims to list its oil business soon but has dropped plans to list other smaller units separately, Danish newspaper Berlingske reports.

Thursday, June 15, 2017

Finance and Investing News

Dana Gas's Sukuk Holders Say Firm's Offer 'Repudiation' Of English Law
An ad hoc committee representing holders of $700 million of sukuk issued by Dana Gas says the company's decision to halt payments on the Islamic bonds is a 'repudiation' of English law.

Wednesday, June 14, 2017

Finance and Investing News

French Oil Services Firm CGG Files For Bankruptcy
CGG says it filed for bankruptcy in France and the United States as part of financial restructuring to reduce its debt burden.

Malaysia's Petronas Set To Auction Kimanis Crude On Dubai Exchange
Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to sources familiar with the matter.

Tuesday, June 13, 2017

Finance and Investing News

Abu Dhabi's Dana Gas Seeks Restructuring Of 'Unlawful' $700 MM Sukuk
Abu Dhabi's Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds to a committee of holders of the sukuk, which it said was not sharia-compliant.

Israel's Navitas Petroleum Plans Tel Aviv IPO
Israel's Navitas Petroleum plans to raise $130 million in bonds and carry out an initial public offering (IPO) on the Tel Aviv Stock Exchange.

Monday, June 12, 2017

Finance and Investing News

Embattled Noble Receives Interest For Oil Business
Struggling commodity trader Noble Group Ltd has been approached by potential buyers for its oil business, the Financial Times newspaper reports.

Friday, June 9, 2017

Finance and Investing News

Mexico Said to Take First Steps in Annual Oil Hedging Program
Mexico has taken the first step in its annual oil hedging program, asking Wall Street banks for price quotes on the put options it buys to lock in prices for the following year.

Savannah Looking to Acquire 'West African Focused Business'
Savannah Petroleum plc is entering into a binding exclusivity agreement with 'a West African focused business'.

Thursday, June 8, 2017

Finance and Investing News

Egypt Reduces Arrears Owed To Foreign Oil Companies To $2.3 Billion
Egypt reduces arrears owed to foreign oil companies to $2.3 billion, the Egyptian oil ministry says.

Wednesday, June 7, 2017

Finance and Investing News

Trafigura Says No Impact On Gas Trading So Far From Gulf Crisis
A political dispute between Qatar and several Middle Eastern countries including Saudi Arabia has had no impact so far on Qatari gas exports.

Kremlin Spurns Speculation Of Rosneft Stake Buyback From Qatar
Any suggestions that Russia could 'eventually' buy back the stake in its flagship oil producer Rosneft are 'not possible and incorrect'.

Tuesday, June 6, 2017

Finance and Investing News

Russian Court Rules To Raise Rosneft Claim Against Sistema
A Russian court rules to increase a damages claim filed by oil major Rosneft against business conglomerate Sistema.

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