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News Date
Gazprom revenue up 24% & while profits up 63% in H1
An increase in production and stronger oil and gas prices pushed up revenue, cash flows and profits for Gazprom in the six months ended June 30. The company shipped nearly 3.6 Tcf of gas to the...
Sep 07, 2018
Former Gunvor employee pleads guilty to bribery 
A former Gunvor oil trader has been convicted of bribing officials in Congo-Brazzaville and the Ivory Coast. Pascal Collard was given an 18 month prison sentence if he commits...
Sep 07, 2018
Lukoil earns 38% more YOY, buying back 100MM shares
A weaker ruble and stronger oil prices helped Russia’s Lukoil, pushing earnings in the six months ending June 30 to $4.1 billion, up 38% YOY. Revenue for the same period for Russia’s second largest...
Sep 07, 2018
Economic sanctions help Russian oil companies
In the four years since the U.S. and E.U. levied economic sanctions on Russia due to its annexation of Crimea, the ruble fell 50% against the U.S. dollar. While the overall Russian economy may have...
Sep 07, 2018
IC - Australia & Oceania - September 07, 2018
3D Oil Ltd. announced a A$2.4 million institutional placement of about 21.2 million shares at $0.115 each, an 11.5% discount to its ASX closing price on Aug. 31. The placement was oversubscribed. It...
Sep 07, 2018
World watches U.S., Iran, EU, Aramco, Venezuela & Mexico
While several entities in the European Union have been working to neutralize the negative impact of U.S. sanctions against Iran (PG.11), the U.S. cautioned Europe that entities that do business with...
Sep 07, 2018
Conoco reaches $2.0 billion settlement with PDVSA
ConocoPhillips settled with PDVSA to collect the full amount of nearly $2.0 billion it was awarded by the tribunal of the International Chamber of Commerce related to the 2007 theft of company assets...
Sep 07, 2018
Madalena Energy narrows Q2 loss to $3.5MM
Stronger oil and NGL prices helped Argentina-focused Madalena Energy, but it still ended Q2 in the red, reporting a $3.5 million loss, narrowed YOYfrom a $5.4 million loss. The company’s Q2 net...
Sep 07, 2018
PDVSA signs $430MM investment pact with service firms
President Nicolás Maduro oversaw the signing of an agreement between state-owned Petroleos de Venezuela S.A. and seven local and international oilfield service providers for a $430 million investment...
Sep 07, 2018
Dutch court favors Vantage over Petrobras in contract fight
Petrobras is appealing a decision by a Dutch court relating to a drilling contract the Brazilian NOC terminated with Vantage Drilling International in 2015 amid the Operation Car Wash...
Sep 07, 2018

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