Subscribe: Finance and Investing News
Added By: Feedage Forager Feedage Grade A rated
Language: English
billion  bond  energy  gas  gazprom  investment  million  natural gas  new  nigeria  oil gas  oil  private equity  russia  russian 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: Finance and Investing News Finance and Investing News

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

Copyright: Copyright 2016 Inc. All rights reserved.

Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets

Fri, 02 Dec 2016 00:00:00 GMT

Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.

Gazprom In Talks With Japanese Banks About Raising $850M

Fri, 02 Dec 2016 00:00:00 GMT

Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reuters.

Russia's Lukoil Says Q3 Net Profit Down 12.5% Q-on-Q

Tue, 29 Nov 2016 00:00:00 GMT

Russia's No.2 oil producer Lukoil says its 3Q net profit fell 12.5% quarter-on-quarter, while its free cash flow jumped 83.4 percent to 104.5 billion roubles ($1.6 billion).

Eni Aims to Cut Stake in Zohr Field to 50 pct, Could Happen Quickly

Mon, 28 Nov 2016 00:00:00 GMT

Italian energy group Eni plans to reduce its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said.

Silverback Exploration To Sell Oil And Gas Assets For $855M

Mon, 28 Nov 2016 00:00:00 GMT

Privately held Silverback Exploration LLC will sell oil and gas assets for $855 million to Centennial Resource Development Inc, which is backed by energy private equity fund Riverstone Holdings LLC.

Israeli Leviathan Partners Get Up To $1.75B HSBC, JPMorgan Financing

Sun, 27 Nov 2016 00:00:00 GMT

The main Israeli partners developing the large Leviathan natural gas site said on Sunday they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion of financing.

Russneft IPO Demand Exceeds Offer By Over 30%

Fri, 25 Nov 2016 00:00:00 GMT

Mikhail Gutseriyev, a co-owner of the Russian mid-sized oil company Russneft, said in a statement that the demand during the company's initial public offering (IPO) has exceeded offer by more than 30%.

Singapore Readies Up To $1.1B In Loans For Oil, Gas-Linked Firms

Fri, 25 Nov 2016 00:00:00 GMT

Singapore plans to offer financial assistance to its liquidity-hit marine and offshore engineering companies that could help them raise as much as S$1.6 billion ($1.1 billion) in loans.

Mexico To Net $2.9B From Oil Hedge

Thu, 24 Nov 2016 00:00:00 GMT

Mexico is set to book a $2.9bn gain on its 2016 oil hedging program, marking the second year in a row that the country has netted a multi-billion dollar payout from the options-based commodity hedges.

Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project

Thu, 24 Nov 2016 00:00:00 GMT

Japan Bank for International Cooperation (JBIC) is set to provide a 200 million euro ($211 million) loan to the Yamal liquefied natural gas (LNG) project in Russia led by Novatek.

Russia's Rosneft Approves 1 Trillion Rouble Bond Program

Thu, 24 Nov 2016 00:00:00 GMT

The board of Russia's largest oil producer Rosneft has approved a bond program worth 1.071 trillion roubles ($16.55 billion) for 10 years.

PGS Raises Funds Through Private Placement

Wed, 23 Nov 2016 00:00:00 GMT

Norwegian seismic explorer Petroleum Geo-Services ASA announced Wednesday that it has raised approximately $225 million through a placement of 85,500,000 new shares.

Norway Oil Companies Lower 2017 Spending Plans

Wed, 23 Nov 2016 00:00:00 GMT

Norway's oil companies have lowered their 2017 investment plans, a Statistics Norway survey showed on Wednesday, raising the chances of a central bank interest rate cut in the coming months.

Venezuela PDVSA Says In Grace Period For 2035 Bond

Tue, 22 Nov 2016 00:00:00 GMT

PDVSA confirms it is using a 30-day grace period for coupon payments on its 2035 bond, but said a JP Morgan report of payment delays on other bond issues was wrong.

Gazprom: Long-Term Contracts, New Pricing To Help Boost Revenue

Tue, 22 Nov 2016 00:00:00 GMT

Gazprom says a combination of long-term contracts with new pricing mechanisms and forms would allow it to boost revenues and strengthen its market position.

Armour Energy Agrees Investment Terms

Mon, 21 Nov 2016 00:00:00 GMT

Armour Energy Limited agrees terms with M.H. Carnegie & Co Pty Ltd for a staged investment of up to $17.5 million worth of convertible notes.

Asia Development Bank To Lend Bangladesh $167M To Boost Gas Industry

Mon, 21 Nov 2016 00:00:00 GMT

The Asian Development Bank will provide a $167 million loan to Bangladesh to boost natural gas production and expand transmission infrastructure.

Russian Court Turns Down Shareholder Claim Over Transneft Dividend

Fri, 18 Nov 2016 00:00:00 GMT

A Moscow arbitration court turns down a claim by a minority shareholder in Russian oil pipeline monopoly Transneft who had alleged that the dividend payouts were too low.

Producer: Nigeria Needs Billions in New Investment to Raise Oil Output

Thu, 17 Nov 2016 00:00:00 GMT

Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day and even higher spending to lift it to 3 million bpd, the head of a company producing oil in the country said.

Minister: Nigeria Reaches Deal to Pay $5.1B in Unpaid Bills to Oil Majors

Thu, 17 Nov 2016 00:00:00 GMT

Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said.