Finance - News

Anadarko Signs Long-Term Deal With CNOOC For Mozambique Gas

Anadarko Petroleum Corp said on Feb. 1 a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply LNG from Mozambique.

February 1, 2019

Baker Hughes Adjusted Profit Surges 85% On Demand For Services

Baker Hughes, General Electric Co.’s oilfield services arm, posted an 85% jump in adjusted quarterly profit on Jan. 31, boosted by surging demand for its services.

January 31, 2019

Enable Midstream Announces $1 Billion Term Loan Agreement

Deal gives the option to make up to $800 million in additional borrowings for 180 days.

January 30, 2019

Fitch Downgrades Mexico's Pemex Rating; Peso Falls

Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets.

January 30, 2019

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

January 29, 2019

Australia’s Santos Sees Surge In 2019 Production On Quadrant Acquisition

Santos Ltd., Australia’s No. 2 independent gas producer, on Jan. 24 said it expects 2019 production to rise by up to 32% boosted by the acquisition of Quadrant assets.

January 24, 2019

New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.

January 23, 2019

Bad Bets On Oil, Gas Spark Wave Of Energy-Fund Closures

Heavy losses in 2018 reinforce view that energy investments are unsafe.

January 18, 2019

Gulfport Energy Pressured By Hedge Fund To Issue Share Buyback

Hedge fund Firefly Value Partners criticized how Gulfport Energy has allocated capital and complained that current board members may not be committed to pushing for improvements.

January 17, 2019

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

January 14, 2019

Post Oak Backs Houston-Based Downhole Tools Provider With $50 Million Commitment

Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.

January 9, 2019

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

January 9, 2019