Finance

Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure

Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.

Feb 21 2018 - 10:16am

Venezuela Says Launch Of 'Petro' Cryptocurrency Raised $735 Million

Petro cryptocurrency raises doubts and US hints that it might violate sanctions.

Feb 21 2018 - 9:57am

Devon Energy Profit Misses On Weaker-Than-Forecast Energy Output

Oil and gas producer Devon Energy Corp. on Feb. 21 reported quarterly results that fell short of analyst profit estimates on weaker-than-expected production.

Feb 21 2018 - 8:59am

Concho Resources Tops Profit Estimates

U.S. shale oil producer Concho Resources Inc. (NYSE: CXO) posted a better-than-expected quarterly profit on Feb. 20, helped by higher crude prices, and forecast a 16% to20% rise in total production for 2018 from a year earlier.

Feb 21 2018 - 8:56am

Diversified Gas & Oil Secures $500 Million Credit Facility With KeyBank

Five-year revolving credit in conjunction with closing of acquisitions of Alliance Petroleum and CNX Resources.

Feb 21 2018 - 8:33am

Saudi Aramco’s IPO: Will It Happen?

Recent windfalls generated through taxes and the kingdom’s “anti-corruption purge” has triggered further speculation about the future of Saudi Aramco’s IPO.

Feb 19 2018 - 8:00am

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.

Feb 16 2018 - 11:00am

Canada’s Cenovus Energy Posts Jump In Quarterly Profit

Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.

Feb 15 2018 - 9:25am

Lotus Midstream Secures $400 Million Capital Commitment From EnCap Flatrock

Lotus Midstream is a crude oil logistics provider focused on the organic development of midstream infrastructure and services in the Permian Basin and Midcontinent regions.

Feb 13 2018 - 9:05am

Bankrupt Breitburn Rebuffs Lime Rock Resources' $1.8 Billion Bid

Lime Rock’s $1.8 billion “stalking horse” offer tops a $1.6 billion enterprise valuation by Breitburn’s investment bank.

Feb 13 2018 - 7:35am

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