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Finance

Finance
2016, August, 12, 18:30:00
PETROVIETNAM'S REVENUE $11.3 BLN
The group exploited 10.32 million tons of crude oil and 6.56 billion cubic metres of gas in the first seven months.
Finance
2016, August, 11, 18:40:00
GAZPROM SALES UP TO 49%
Gazprom's sales volume to its core ‘Europe and other’ markets in 1Q grew by 49% to 58.1bn m³, an increase of 19bn m³ on 39.1bn m³ in January-March 2015. Sales to former Soviet countries declined by 15.5% (by 2bn m³) to 10.9bn m³, while those in Russia declined more modestly to 75.4bn m³, just 6% or 4.9bn m³ less than in 1Q 2015.
Finance
2016, August, 8, 19:00:00
U.S. JOBS DOWN 142,000
Employment in oil and natural gas production reached a high of 538,000 jobs in October 2014. Since then, oil and natural gas production employment declined 26%, a loss of more than 142,000 jobs through May 2016, based on the latest jobs data available. The total decrease in production jobs is nearly three times the 51,000 jobs lost over a 13-month period during the 2008–09 recession.
Finance
2016, August, 8, 18:55:00
U.S. DEFICIT UP TO $44.5 BLN
The deficit rose to $44.5 billion in June, 8.7 percent higher than a revised May deficit of $41 billion, the Commerce Department reported Friday. It was the biggest gap between what America sells abroad and what the country imports since a $44.6 billion deficit last August.
Finance
2016, August, 8, 18:50:00
MAJORS SELL ASSETS
In common with other oil companies, the European trio are looking to divest non-core assets to help shore up their balance sheets and defend dividends at a time of mounting pressure from the prolonged weakness in oil prices.
Finance
2016, August, 5, 18:45:00
IMF WANT LATIN AMERICA
Latin America should strengthen regional trade and financial linkages to boost growth and further the social achievements of the past 15 years.
Finance
2016, August, 5, 18:35:00
MAJORS DEBT: $138 BLN
Debt levels are currently rising at an annual rate of 11.5 percent, more than double the 5.1 percent witnessed between 2009 and 2014.
Finance
2016, August, 5, 18:30:00
CHEVRON SELLS $5 BLN
Energy giant is set to begin selling its offshore-China assets this month, the latest in a series of divestments in Asia. The company is looking to raise up to $10 billion globally from asset sales, a big chunk of which will come from its Asian upstream operations, as part of a broader effort to cut costs and adapt to an environment of lower oil prices.
Finance
2016, August, 3, 18:40:00
RUSSIAN BONDS DOWN
Russian assets are under pressure as concerns resurface that the global oil market is over supplied. After rallying from a record low at the start of the year as crude rebounded, the ruble is the third-worst performer in emerging markets so far this quarter.
Finance
2016, August, 3, 18:35:00
MAERSK CUTTING U.S. JOBS
Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant
Finance
2016, August, 2, 18:30:00
STATOIL SALES U.S.
In the latest transaction, Statoil will divest some of its non-operated interests in the US state of West Virginia to Antero Resources Corporation (“Antero”) for approximately USD 96 million in cash.
Finance
2016, August, 1, 19:05:00
IRAN NEEDS MONEY
Iran's failure to get full access to the global financial system a year after it signed the nuclear deal with world powers has intensified domestic political infighting. It has also turned up the heat on President Hassan Rouhani, a pragmatist facing re-election next year, who has gambled on attracting foreign investment to help raise voters' living standards.
Finance
2016, August, 1, 18:50:00
MOZAMBIQUE'S HUGE GAS
Mozambique made one of the world's biggest gas finds in a decade in 2010 but negotiations with operators Eni and U.S. firm Anadarko have dragged on for years due to disputes over terms and concerns about falling energy prices.
Finance
2016, July, 29, 19:05:00
GLOBAL PROFITS & CASH FLOW DOWN
Brent crude oil prices averaged at the lowest level since 2004, significantly reducing profits and cash flow for energy companies.
Finance
2016, July, 29, 19:00:00
IMF WANT SAUDI
Directors welcomed the ambitious reform goals announced by the authorities in Vision 2030 and the National Transformation Program, and underscored the importance of clear prioritization and sequencing of the planned reforms to reduce implementation risks and give the economy time to adjust. They supported the authorities’ plan to increase the role of the private sector in the economy by focusing on privatization and public-private partnerships, improve the business environment, develop local capital markets, encourage FDI, and support small and medium enterprises. Directors noted that continued labor market and education reforms are needed to encourage private sector employment of Saudi nationals and increase labor force participation of women.