Ahead Of 2018 IPO, Saudi Aramco's Tax Rate Is Set At 50%

The government aims to sell up to 5% of Aramco, listing the shares in Riyadh and at least one foreign exchange, to raise cash for investment in new industries, as the kingdom seeks to diversify its economy beyond oil exports in an era of cheap crude, Reuters reported.

Mar 28 2017 - 1:58pm

Ocean RIG Files For Bankruptcy Protection In US

Ocean Rig said March 28 it had entered into an agreement with creditors representing more than 72% of the company's debt for a financial restructuring. The company had $3.25 billion in debt as of Dec. 31.

Mar 28 2017 - 10:45am

A Pricey Permian May Still Work

Even with land prices shooting straight up, the Permian Basin still can make economic sense, says an RS Energy Group analyst.

Mar 27 2017 - 2:37pm


The potential ramp up in production could be good for companies, but not so great for the macro environment.

Mar 18 2017 - 12:30pm


Saudi Aramco’s chairman expressed optimism for oil prices moving forward, but cautions against irrational exuberance.

Mar 18 2017 - 12:24pm

Hess Midstream Partners Opens IPO

The units will trade on the New York Stock Exchange under the ticker symbol "HESM."

Mar 27 2017 - 12:03pm

Former Anadarko CEO Latest Headliner In $1 Billion ‘Blank-Check’ IPO

Since former EOG Resources’ CEO Mark Papa’s debut blank-check company in February 2016, special-purpose acquisition companies have raised more than $1.5 billion.

Mar 27 2017 - 10:33am

Norwegian Bank DNB Sells Its Share Of Dakota Access Pipeline Funding

Norwegian bank DNB has sold its share of loans funding the Dakota Access pipeline, it said on March 26.

Mar 27 2017 - 10:19am

Iraqi Oil Minister: Market May Influence Extending Cuts Into Second-Half 2017

The agreement has elevated the price of crude to more than $50/bbl, but it helped U.S. shale oil producers boost their output, hampering efforts to reduce global stockpiles, Reuters reported.

Mar 27 2017 - 9:06am

Former Anadarko CEO James Hackett To Lead Silver Run Acquisition II

James Hackett, former chairman and CEO of Anadarko Petroleum Corp., will serve as CEO of the new Silver Run Acquisition Corp. II, an energy-focused SPAC.

Mar 26 2017 - 5:09pm