Finance - News
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.
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.
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.
Lime Rock’s $1.8 billion “stalking horse” offer tops a $1.6 billion enterprise valuation by Breitburn’s investment bank.
The investment, which is the New York-based firm’s first since closing Blue Wolf Capital Fund IV LP at its hard cap of $540 million in September 2017, is expected to facilitate rapid expansion at Petrosmith.
Privately-held Ascent is one of several energy companies U.S. fracking pioneer Aubrey McClendon launched after leaving Chesapeake Energy in 2013.
U.S. oil and gas producer Anadarko Petroleum Corp. (NYSE: APC) posted a better-than-expected quarterly profit on Feb. 6, helped by improved crude prices and cost cuts.
Chevron Corp. (NYSE: CVX) is considering taking part in an oil auction next month in Brazil as part of a consortium of companies, Brazilian oil regulator ANP said on Feb. 6 on its website.
Double Eagle’s substantial equity commitments from Apollo Global Management will support the company’s ongoing acquisition and development initiatives in the Permian Basin.
Ridge Runner is a newly-formed E&P focused on the Delaware Basin. The company is led by CEO Scott Germann, an Exxon-trained geologist with more than 20 years of experience in the Permian.
BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn.