Companies

Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss

The Calgary, Alberta-based company has lost nearly one-fifth of its value since the deal with ConocoPhillips was announced in late March, Reuters reported.

Apr 26 2017 - 9:16am

Hess Reports Smaller Quarterly Loss As Costs Fall

Hess had earlier this year set a higher spending target for 2017 and said it would expand in the U.S. Gulf of Mexico, Thailand and Guyana and ramp up drilling in North Dakota's Bakken Shale.

Apr 26 2017 - 7:45am

Kinder Morgan Files For IPO To Raise Trans Mountain Funds

Kinder Morgan said April 24 its Canadian unit filed a prospectus for an IPO of restricted voting shares, to help finance its C$7.4 billion (US$5.48 billion) Trans Mountain expansion project.

Apr 25 2017 - 8:05am

For US E&Ps, Is Recovery A Slow And Steady Circle?

Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?

Apr 24 2017 - 4:49pm

Supreme Court Rejects Chesapeake's Bid In Bonds Dispute

The justices refused to hear Oklahoma City-based Chesapeake's appeal of a September 2016 ruling by the New York-based 2nd U.S. Circuit Court of Appeals in favor of bondholders.

Apr 24 2017 - 2:30pm

Covey Park Pays Down Debt As It Explores IPO

Deals in 2016 by Covey Park, the largest acreage holder in the Haynesville/Bossier shales, have fueled speculation that it might explore an IPO.

Apr 24 2017 - 10:30am

Denver's Jonah Energy Names Patrick Welch As CFO

Welch most recently served as executive vice president and CFO of JP Energy Partners from November 2013 through its recent merger with American Midstream Partners.

Apr 24 2017 - 10:00am

Halliburton Reports Smaller Quarterly Loss

Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.

Apr 24 2017 - 7:25am

Former Oxy CEO Chazen Adds Bankability To Newest Blank-Check IPO

Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.

Apr 21 2017 - 3:30pm

US Will Not Issue Drilling Waivers To Russia Sanctions

The U.S. and EU imposed economic sanctions on Russia over its annexation of the Crimea region in 2014 and role in the conflict in eastern Ukraine.

Apr 21 2017 - 1:49pm

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