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Business & Financial News

BG Group Announces A$13.8 Billion Takeover Bid for Origin Energy
6/24/2008 - BG Group plc announced its intention to acquire all of the issued shares in Origin Energy Limited at A$15.50 cash per share by way of a formal off-market takeover bid. The all-cash bid capitalises Ori...

Sakhalin Energy secures $5.3 billion in largest Russian project finance deal
6/16/2008 - Sakhalin Energy Investment Company Ltd., the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks signed a project finance contract for Phase 2 of the wor...

Lukoil net income rose by 143.5 in the first quarter of 2008
6/4/2008 - Lukoil net income reached $3,163 million in the first quarter of 2008, which is an increase of 143.5% y-o-y. EBITDA was $4,846 million, which is 99.3% higher y-o-y. Revenue from sales rose by 59.4%, t...

Dana Gas investing over US$ 500 million in 2008
5/18/2008 - Dana Gas PJSC announced investments of over US$ 500 million this year in the Company’s projects in Northern Iraq, Egypt and the UAE. Dana Gas posted revenues of over AED 1 billion in 2007 which was it...

Candax Reports 2008 Q1 Financial Results
5/15/2008 - Candax Energy reported a loss of $2.3 million ($(0.01) per common share) for the three months ended March 31, 2008, compared to a loss of $0.9 million ($(0.01) per common share) for the three months e...

Dana Gas Revenues Grow 35%
5/15/2008 - Dana Gas PJSC announced results for the quarter ended 31 March 2008, posting growing revenues from oil and gas production of AED 272 million, a 35% increase over the same period last year. EBITDA (Ear...

DNO International Reports Strong First Quarter Results
5/14/2008 - DNO International ASA announced its interim results for the first quarter 2008. DNO reported operating revenues of NOK 422 million (NOK 263 million) and a net profit of NOK 62 million (NOK 19 million)...

Total Gabon Reports First-Quarter 2008 Results
5/14/2008 - Selling Price: The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $89.9 per barrel in the first quarter of 2008, up 68% from $53.6 a year earlier, in line...

 
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Oil market outlook for second half of 2008
Highlights of the World Economy - June 08

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