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

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Austria's OMV Says Iran Owes It $48 MM

Thu, 25 May 2017 00:00:00 GMT

The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.

Sinochem No Longer Pursuing Stake Buy In Noble Group

Mon, 22 May 2017 00:00:00 GMT

Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.

Russian Government Still Hopes For Dividends From Rosneftegaz

Thu, 18 May 2017 00:00:00 GMT

Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.

Gazprom 2016 Dividend Payout To Be No Less Than Last Year

Wed, 17 May 2017 00:00:00 GMT

Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.

OGCI Appoints CEO of OGCI Climate Investments

Wed, 17 May 2017 00:00:00 GMT

The Oil and Gas Climate Initiative (OGCI) appoints Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.

Egypt Will Make $750MM Debt Payment To Oil Companies On June 1

Tue, 16 May 2017 00:00:00 GMT

Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer says.

US Shale's Favorite Financial Trick Is Getting Less Attractive

Fri, 12 May 2017 00:00:00 GMT

US drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.

Sale Of Engie E&P Unit To Neptune Imminent

Thu, 11 May 2017 00:00:00 GMT

Engie is in advanced talks with Neptune Oil & Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation tells Reuters.

Noble Group Reports Big Loss, Founder Elman Steps Down As Exec Chairman

Thu, 11 May 2017 00:00:00 GMT

Noble Group Ltd reports a quarterly loss that pummelled its shares by as much as 33%.

Hedge Funds Bail Just Before OPEC-Driven Oil Rally Vanishes

Mon, 08 May 2017 00:00:00 GMT

Before WTI crude nosedived on Thursday, money managers slashed bets on rising prices by 20%, according to US Commodity Futures Trading Commission data.