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Finance

Finance
2016, May, 19, 20:35:00

OIL COMPANIES RESTRUCTURING

Oil and gas producers depend largely on bank credit lines to run their businesses. Cmpanies getting ready to restructure are working closely with their bankers before filing for bankruptcy.

Finance
2016, May, 19, 20:30:00

OIL DRILLING EFFICIENCY

As the number of failed operators mounts, the surviving companies are laying the groundwork for what they forecast will be an era of slower but steadier growth in the state at the epicenter of the U.S.’s energy boom.

Finance
2016, May, 19, 20:15:00

PETROBRAS SELLS $6.75 BLN

State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10-year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff.

Finance
2016, May, 19, 20:05:00

CHEVRON WILL CUT BUDGET BY 17%

Chevron Corp on Tuesday said it will slash its budget by at least 17% for the next two years to save cash due to the low crude oil prices.

Finance
2016, May, 19, 19:55:00

CHINESE-RUSSIAN TARGET: $100 BLN

China is Russia’s biggest single trade partner, with its share rising to 12.8 percent from 12 percent in 2015. Even so, the overall turnover of goods fell by 26 percent last year to $68.1 billion. That means the countries are far off reaching their target of $100 billion in trade.

Finance
2016, May, 19, 19:50:00

AZERBAIJAN NEED GAS

Socar President Rovnag Abdullaev disclosed last week that Azerbaijan was in the process of negotiating an agreement under which it would purchase 3-5bn m³/yr of gas from Gazprom.

Finance
2016, May, 19, 19:45:00

RUSSIAN OIL UPDOWN

Perhaps the biggest hurdle is Russia’s business climate. While frequently fodder for criticism, there’s progress. Russia has surged by 61 spots in the World Bank’s Ease of Doing Business Index since 2013 to 51st this year.

Finance
2016, May, 5, 19:10:00

U.S. BANKRUPTCY UP

The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum MPOY.PK and Ultra Petroleum UPL.NL.

Finance
2016, May, 5, 18:25:00

PETROBRAS SELLS $1.4 BLN

Petrobras said that it sold a 67% stake in its Petrobras Argentina subsidiary to Pampa Energía, an Argentinean energy firm, for $892 million. Petrobras had previously disclosed that it was in negotiations with Pampa Energia.

Finance
2016, May, 5, 18:05:00

HALLIBURTON VS U.S.: SENSELESSLY

Halliburton’s chief executive has blamed an increasingly difficult US regulatory climate for the collapse of his company’s $28bn bid for rival Baker Hughes, which was abandoned on Sunday.

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