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

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Spain's Cepsa Owner Looking At Potential IPO Or Sale - Spokeswoman

Fri, 16 Mar 2018 00:00:00 GMT

The sole owner of Spanish oil and gas company Cepsa is considering a public listing or sale of a stake in the company, a Cepsa spokeswoman says.

Greece's Energean IPO To Raise $500MM For Israeli Gas Project

Fri, 16 Mar 2018 00:00:00 GMT

Energean Oil & Gas plans to raise about $500 million to develop its Israeli offshore fields through an initial public offering (IPO) in London.

Saudi Aramco International Listing Looks Increasingly Difficult - Sources

Tue, 13 Mar 2018 00:00:00 GMT

Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering on an international exchange hang in the balance, sources close to the process say.

UK Officials Told That Aramco IPO Unlikely Until 2019 -FT

Mon, 12 Mar 2018 00:00:00 GMT

British officials have been informed by their Saudi counterparts that oil giant Saudi Aramco's initial public offering is likely to be delayed until 2019, the Financial Times reports.

Aberdeen Services Company Enters Restructuring Agreement

Fri, 09 Mar 2018 00:00:00 GMT

Aberdeen-headquartered energy services firm Proserv enters into a restructuring agreement with its principal lenders, which it says will 'strengthen the long term financial structure of the company'.

Saudi Aramco CEO Nasser Says IPO Work To Be Completed In 2H

Thu, 08 Mar 2018 00:00:00 GMT

Saudi Aramco Chief Executive Officer Amin Nasser says all work required from the oil giant for its initial public offering will be completed in the second half of 2018.

Oil Producer Hess To Buy Back $1B Shares

Thu, 08 Mar 2018 00:00:00 GMT

Hess Corp will buy back $1 billion worth of shares by the end of 2018, becoming the latest U.S. oil and gas producer to do so amid a recovery in oil prices.

Exxon Woos Wall St. With Bold Plan To Double Earnings By 2025

Wed, 07 Mar 2018 00:00:00 GMT

ExxonMobil says it expects earnings to more than double by 2025 to $31 billion, with crude prices at or above current levels.

Saudi Aramco CEO: Global Oil Sector Needs $20T Investments Over 25 Years

Tue, 06 Mar 2018 00:00:00 GMT

The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth.

Energean Israel Signs $1.2B Facility Agreement to Fund Karish Project

Mon, 05 Mar 2018 00:00:00 GMT

Energean Israel signs a $1.275 billion facility agreement with 4 international banks to finance the development of the Karish offshore gas field.