Integrated Oil & Gas

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Total SA completes $1 bln of onshore divestments

2:32am EDT

Total SA:Completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 mln.Together with the recently completed divestments of OML 24 and OML 18, Total's share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.

LGX Oil + Gas Inc gives FY 2015 production guidance

Tuesday, 24 Mar 2015 08:28pm EDT

LGX Oil + Gas Inc:Expects to average 725 Boe per day of production in FY 2015.

Fitch affirms ANK Bashneft' OAO ratings at BB, off rating watch negative, outlook stable

Tuesday, 24 Mar 2015 05:44am EDT

ANK Bashneft' OAO:Fitch Ratings has affirmed Bashneft's long-term foreign and local currency Issuer Default Ratings (IDR) at BB and removed the ratings from Rating Watch Negative (RWN).A Stable Outlook is assigned.The removal of RWN reflects Fitch's view that currently there are no significant risks for Bashneft stemming from the legal action that the Russian authorities launched in mid-2014 against AFK Sistema OAO, Bashneft's then majority shareholder.


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