Finance - News

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.

February 16, 2018

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.

February 15, 2018

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.

February 13, 2018

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.

February 13, 2018

Blue Wolf Capital Buys Majority Stake In Production Equipment Provider Petrosmith

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.

February 12, 2018

Ascent Resources Marcellus Files For Chapter 11 Bankruptcy

Privately-held Ascent is one of several energy companies U.S. fracking pioneer Aubrey McClendon launched after leaving Chesapeake Energy in 2013.

February 8, 2018

Anadarko Profit Beats Estimates On Higher Crude Prices

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.

February 7, 2018

Chevron Mulling Participation In Brazil’s March Oil Auction

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.

February 7, 2018

Kosmos Energy Refinances $1.3 Billion Term Loan

Oil and natural gas explorer Kosmos Energy Ltd. (NYSE: KOS) said on Feb. 6 it refinanced the loan facility tied to its energy reserves, raising the borrowing capacity to fund exploration.

February 6, 2018

Double Eagle Energy III Secures More Than $1 Billion For Permian Basin Focus

Double Eagle’s substantial equity commitments from Apollo Global Management will support the company’s ongoing acquisition and development initiatives in the Permian Basin.

February 6, 2018

Warburg Pincus Backs New Delaware Basin-Focused E&P Ridge Runner Resources

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.

February 6, 2018

BP's Profits Surge As It Leaves Downturn Behind

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.

February 6, 2018