JP Morgan advises investment cutbacks in light of Gazprom dividend and other factors. JP Morgan Chase & Co has advised its clients to reduce its shareholdings in Russian stocks as OAO Gazprom has proposed a dividend cut.
Tags: Oil
Thai PTT plans on investing billions on Myanmar
PTT CEO announced his plan on investing billions of dollars in Myanmar. (Photo : Reuters)A man counts US dollars and Myanmar kyats at a money changer in Yangon March 21, 2012.
Grupo BTG Buys Petrobras African Interests
Grupo BTG purchases Petrobras oil interests in Africa. (Photo : Reuters)The image is the facade of the corporate headquarters of Brazilian oil conglomerate Petrobras.
Canadian loonie drops against dollar
A decline in oil prices weakend the Canadian dollar against most of its trading partners, including its number one customer, the United States.
Brent Crude Trades Lower Than US$100 Per Barrel
Brent Crude trades lower than US$100 per barrel after OPEC keeps its production target constant. (Photo : Reuters)A gas station employee filling up a vehicle.
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Oando is purchasing ConocoPhillips assets in Nigeria and many see the firm struggling to find the equity for investments purposes.
Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
Sandridge Oil posts a 'happy' fourth quarter loss. Oil and gas company Sandridge Energy announced a fourth quarter loss while at the same time bucking criticism from its line of activist investors.
Rosneft expects to get EU approval of TNK-BP takeover. An unnamed source familiar with the deal has intimated that Rosneft, the Russian oil conglomerate would get unconditional European Union regulatory approval of its takeover of TNK-BP.
Rosneft buys TNK-BP for over US$40 billion. If all goes according to plan, Rosneft would be taking over control over its major rival, TNK-BP. The two Russian oil companies would then complete the oil industry's biggest takeover in history, three months before the agreed upon deadline.
OGX denies Petronas shares sale OGX Petroleo e Gas SA, the Brazilian oil company, has allayed fears and rumors that it is selling its shareholdings in Petronas, the Malaysian state owned oil company.
