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Rigzone.com: Finance and Investing News



The latest upstream oil and gas news from around the world.



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London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case

Fri, 17 Nov 2017 00:00:00 GMT

A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.



Petrobras Seals $1B Financing From Banks, Repays $500MM Debt

Fri, 17 Nov 2017 00:00:00 GMT

Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.



Offshore Oil Service Firms Dominate North American Energy Bankruptcies

Thu, 16 Nov 2017 00:00:00 GMT

Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.



Russia's Rosneft Says To Invest Over $2 Bln In Egypt's Zohr In 2018-2021

Tue, 14 Nov 2017 00:00:00 GMT

Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next four years, the company says.



Noble Group Shares Drop To Lowest Since 1999 After Co-CEO Quits

Tue, 14 Nov 2017 00:00:00 GMT

Shares in Singapore-listed Noble Group tumble as much as 12.7% after Jeffrey Frase resigns as co-chief executive officer.



Oman's Duqm Refinery To Seek $6B Bank Funding Soon - Sources

Mon, 13 Nov 2017 00:00:00 GMT

Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about 2 weeks for the debt financing it needs to back a $6 billion refinery project.



British Judge To Issue Ruling On $700MM Dana Gassukuk Case Soon

Mon, 13 Nov 2017 00:00:00 GMT

British High Court judge George Leggatt says he would not further adjourn a trial over about $700 million of outstanding Islamic bonds issued by United Arab Emirates firm Dana Gas.



Hey Oil Companies, Scrap Those Dividends, Canada's Mawer Says

Thu, 09 Nov 2017 00:00:00 GMT

Oil companies need to stop distributing quarterly dividends, and energy investors need to break their addiction to those payouts.



UK To Provide Saudi Aramco With $2B Credit Guarantees

Thu, 09 Nov 2017 00:00:00 GMT

Britain's government says it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.



Hurricane Looks for Appropriate Growth Platform, Considers Premium Listing

Thu, 09 Nov 2017 00:00:00 GMT

Directors believe a premium listing could provide the company with 'a more appropriate platform for its growth'.



LSE Has Made Strong Case For Aramco Listing - UK PM's Spokesman

Mon, 06 Nov 2017 00:00:00 GMT

The London Stock Exchange has made a 'very strong case' for oil company Saudi Aramco to list its shares in Britain, a spokesman for Prime Minister Theresa May said.



BP, Shell Lead Plan For Blockchain-Based Energy Trading Platform

Mon, 06 Nov 2017 00:00:00 GMT

A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018.



Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today

Tue, 31 Oct 2017 00:00:00 GMT

A Middle Eastern energy company that has questioned the lawfulness of its own sukuk won't settle the debt owed to investors, according to sources.