Finance - News

SandPoint Resources Forms With Equity Commitment From Carnelian

SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.

3:35 pm

OPEC: India Oil Demand To Rise By 5.8 MMbbl/d By 2040

India's oil demand is expected to rise by 5.8 million barrels per day (MMbbl/d) by 2040, accounting for about 40% of the overall increase in global demand during the period, OPEC's secretary general said on Oct. 16.

4:42 am

Australia's Tap Oil Names Chris Newton As Chairman

Chris Newton has been appointed chairman of Tap Oil, effective immediately, the company said Oct. 15.

October 15, 2018

Oil Prices Rise On Saudi Tension; Demand Outlook Drags

Crude oil futures rose on Oct. 15 as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices.

October 15, 2018

Dominion’s Chapman To Succeed McGettrick As CFO

Chapman was the company’s senior vice president for M&A.

October 9, 2018

China Slashes US LPG Imports Amid Trade War

China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said on Oct. 9, turning to the Middle East for extra supplies amid the two countries’ trade dispute.

October 9, 2018

LongPoint Minerals II Launches With Nearly $850 Million Capital Raise

LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.

October 3, 2018

Sunrise Sets Rates For New Permian-To-Cushing Crude Line

Sunrise Pipeline set rates for its new crude pipeline extension from Loving County, Texas in the Permian basin to the storage hub of Cushing, Oklahoma, effective Nov. 1, according to a regulatory filing on Oct. 1.

October 2, 2018

Permian-Focused Piedra Closes Fourth Capital Commitment With EnCap

With this closing, the Piedra companies bring their aggregate outstanding commitments to $592 million earmarked for deployment in the Permian Basin.

September 28, 2018

Total Finalizes Plans To Expand Texas Bayport Polymers In Petrochems Push

French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year (mtpy), the company said on Sept. 25.

September 26, 2018

Cibolo Energy Partners Closes Inaugural Fund Raising $245 Million

Cibolo said its inaugural fund will target upstream and midstream companies seeking credit alternatives to finance growth via acquisition or accelerated development capital.

September 14, 2018

Carlyle Group, Diamondback Partner To Develop Permian Assets

A Carlyle fund and Diamondback will jointly invest $620 million to develop the assets in the San Pedro area of Pecos County, Texas, within the Southern Delaware Basin.

September 11, 2018