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Finance & Investing News

Monday, February 20, 2017   (Today)

Finance and Investing News

UAE's Dana Gas Revises 2016 Results Down To Net Loss Of $88 Million
Dana Gas revised down its unaudited preliminary results for 2016 to a net loss of $88 million, from the net profit of $33 million which it had previously reported.

Thursday, February 16, 2017

Finance and Investing News

FTC Approves Enbridge Deal To Buy Spectra With Conditions
Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.

OMV Raises Dividend By 20% As Cash Pile Grows
Austrian oil and gas group OMV raises its dividend by 20% as free cash flow turned positive last year.

Cenovus Energy Swings To Profit As Production Rises
Canadian oil company Cenovus Energy Inc swings to a quarterly profit, as production rises and costs fall.

Tuesday, February 14, 2017

Finance and Investing News

Devon Energy Beats Profit Estimates As Cost Cuts Pay Off
Devon Energy reports a bigger-than-expected quarterly profit, as the US oil producer benefited from its cost-cutting initiatives.

Noble Group Shares Jump 17% After Confirming Talks On Potential Investment
Shares in Noble Group Ltd leapt as much as 17% after the commodities trader confirmed it was holding talks on a possible strategic investment in the firm.

Monday, February 13, 2017

Finance and Investing News

Kuwait's KPC To Spend 35B Dinars On Oil Projects In 5 Years
Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next 5 years.

Friday, February 10, 2017

Finance and Investing News

Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

Thursday, February 9, 2017

Finance and Investing News

White & Case Advises Saudi Aramco On World's Biggest IPO
Saudi Aramco appoints international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world's biggest.

UAE's Dana Gas Freezes Egypt Investments Over Debts
Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company says.

Wednesday, February 8, 2017

Finance and Investing News

US States See Favorable Conditions For Gas Tax Hikes
US states where gasoline taxes have not risen in decades are now discussing an increase and conditions might be ripe for the proposed hikes to win approval in state legislatures, tax experts say.

Tuesday, February 7, 2017

Finance and Investing News

Plains All American's Profit Nearly Halves as Costs Jump
Plains All American Pipeline reports on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 percent jump in costs.

Parsley Energy to Buy Assets in Permian Basin for About $2.8B
US oil and gas producer Parsley Energy says it will buy certain assets in the oil-rich Permian basin from a privately owned company for about $2.8 billion.

Singapore Exchange Holds Talks With Saudi Aramco On Secondary Listing
Singapore Exchange has held talks with Saudi Aramco on a secondary listing, according to 2 sources familiar with the matter.

Thursday, February 2, 2017

Finance and Investing News

ConocoPhillips Loss Smaller Than Expected On Higher Oil Price
ConocoPhillips reports a smaller-than-expected quarterly loss, helped by higher crude prices and lower costs.

Abu Dhabi Said to Improve Oil-Investor Returns With New Terms
Abu Dhabi's state energy producer, which is seeking more partners to develop its fields, improved some terms in an oil-production partnership to offer greater returns to international companies.

Shell Nears Another $5B In Sales To Ease Debt Load
Shell is nearing deals to divest $5 billion of assets.

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