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

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Canada's Encana Smashes Profit Estimates, Shares Rise

Fri, 21 Jul 2017 00:00:00 GMT

Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.

Husky Energy Posts Smaller 2Q Loss On Higher Oil Prices

Fri, 21 Jul 2017 00:00:00 GMT

Husky reports a smaller loss, helped partly by higher oil prices and an increase in production.

Unfazed by Low Prices, Bankers Remain Confident in Oil Lending

Fri, 14 Jul 2017 00:00:00 GMT

Fears of a long spell of low oil prices haven't shaken Wall Street's confidence in the sector.

Britain Seeks Looser IPO Rules To Lure Saudi Aramco, Worries Investors

Thu, 13 Jul 2017 00:00:00 GMT

Britain wants to loosen rules on listing state companies in a move that could help London win the lucrative IPO of oil giant Saudi Aramco but has raised fears for minority investors.

The Rigzone Interview: Private Equity Cash Focuses on Oil, Gas Development

Thu, 13 Jul 2017 00:00:00 GMT

Upstream private equity focuses on developing oil and gas assets, energy investment pro Claire Harvey tells Rigzone in exclusive interview.

Brazil Reverses Preliminary Decision On Petrobras Hedge Accounting

Wed, 12 Jul 2017 00:00:00 GMT

CVM has reversed a preliminary decision ordering Petrobras to restate financial statements in recent years to include the impact of currency protection on debt and other balance sheet items.

Australian-Owned Group To Raise Money For Israel Shale Oil Project

Wed, 12 Jul 2017 00:00:00 GMT

Israel's REM Energy partnership issued a prospectus for an offering on the Tel Aviv Stock Exchange to raise money to advance the country's largest shale oil project.

Azeri State Oil Company SOCAR Says Returned To Profit Last Year

Fri, 07 Jul 2017 00:00:00 GMT

SOCAR made a net profit of 350 million manats ($206 million) last year.

JPMorgan Tops Canadian M&A Activity In Energy-Driven First Half

Thu, 06 Jul 2017 00:00:00 GMT

Canadian mergers and acquisitions rose about 13% to C$120.5 billion ($93.2 billion) in the first half of 2017.