Finance - News
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.
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.
Deal gives the option to make up to $800 million in additional borrowings for 180 days.
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.
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.
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.
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.
Heavy losses in 2018 reinforce view that energy investments are unsafe.
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.
Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.
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.
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.