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Finance & Investing News

Wednesday, March 29, 2017   (Today)

Finance and Investing News

ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in $17.7B Deal
Cenovus will double its production and reserves through deal to buy ConocoPhillips' interest in Foster Creek Christina Lake oil sands partnership and its western Canada Deep Basin gas assets.

Egypt To Halve Arrears With Oil Companies In Coming Weeks
Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister says.



Tuesday, March 28, 2017

Finance and Investing News

Rig Contractor Ocean RIG Files For Bankruptcy Protection In US
Ocean RIG UDW filed for Chapter 15 bankruptcy protection in a US court.

Genel Shares Hit All-Time Low As Oil Reserves Disappear
Genel Energy's market value collapses to an all-time low after it said for a second time that its flagship oilfield contains less crude than expected.



Monday, March 27, 2017

Finance and Investing News

On The Eve Of Brexit, Qatar Pledges Over $6B In Investment In Britain
Qatar could play an important role in steeling the UK economy's against economic fallout during and after Brexit.

Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO
Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world's biggest initial public offering.

QIA Chief Says He's 'Absolutely' Confident In Rosneft Investment
Qatar is 'absolutely' confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar's sovereign wealth fund says.

Aberdeen City Council Lifts Finance Barrier for SMEs, Will Help Create Jobs
Aberdeen City Council joins Business Loans Scotland to help lift the finance barrier for small and medium enterprises.



Friday, March 24, 2017

Finance and Investing News

Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
Halliburton warns that its first-quarter profit would likely miss analysts' expectations.



Thursday, March 23, 2017

Finance and Investing News

Union Leader: Argentina's Tecpetrol To Invest $2.3B In Vaca Muerta
Tecpetrol will invest $2.3 billion in the Vaca Muerta shale fields through 2019, Guillermo Pereyra, a union leader and senator says.

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

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.






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