BP 's NYSE:BP humongous debt load has been a reason for concern among investors, so the latest announcement from the oil giant should come as a breather. Also in line with its earlier commitment to shareholders, BP reiterated its intention to resume share repurchases on reaching the net debt target. The oil market downturn forced several oil stocks, including BP, to slash dividend and suspend share repurchases last year. Last month, ConocoPhillips NYSE:COP resumed its share repurchase program while keeping its capital spending budget for intact, with management citing strong commodity prices as the major reason behind its decision to return more capital to shareholders. Investors in BP should mark April 27 on their calendars.
Uzbekistan’s oil and gas sector: towards enhanced efficiency and transparency
Search for oil and gas resumes - Business - Namibian Sun
South African grocery retailer Pick n Pay reported a Heineken NV, the world's second-largest brewer, fared better than expected at the start of as increased beer sales in Africa and Asia offset a The recovery of the South African new vehicle market remains largely subdued, due to continued stock shortages, but there seems to be light at the As an organisation, Namibia Wildlife Resorts Hammerson says footfall recovery encouragingHammerson named a new finance chief and said it was encouraged by a recovery in footfall at its malls in England
Uzbekistan launching offshore work in Azerbaijan and Turkmenistan
New industrial reserves of gas condensate were discovered on the Ustyurt plateau in Karakalpakstan, Uzbekneftegaz reported. The presence of industrial volumes of gas and condensate was discovered at a depth of 3, meters in accordance with forecasts of domestic geologists. Assessment of the reserves of new gas fields has not yet been completed. According to its results, a decision will be taken on further industrial production, as well as on the continuation of geological exploration work.
Uzbekistan is continuing to reform its fuel and energy industry to develop its energy resources. On July 9, , the President of Uzbekistan signed the Resolution that provides for measures to improve the oil and gas sector PP The Resolution states that the current outdated and non-transparent management system, which combines regulatory functions and commercial activities, hampers development of the oil and gas industry. PP states that Uzbekistan, in cooperation with international consulting firms and financial institutions, has elaborated a concept for the development of the oil and gas sector of the Republic of Uzbekistan up to the Concept.