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The most recent oil and gas industry financial headlines.
Paragon Offshore To File For Pre-Packaged Bankruptcy
Friday, February 12, 2016 - Paragon Offshore says it will file for Chapter 11 bankruptcy, becoming the first US energy-related company to seek court protection from creditors this year.
Cenovus Energy To Sell Up To $5B In Securities Amid Oil Slump
Friday, February 12, 2016 - Cenovus Energy may sell up to $5 billion of stock, debt and other securities as the company shores up its balance sheet amid a slump in oil prices.
Blackstone Aims New Fund At Troubled Offshore Drilling Market
Thursday, February 11, 2016 - Blackstone Group launches a fund to finance the troubled offshore drilling and services sector, the US private equity firm says.
Russia's Gazprom Looking To Raise $2B Syndicated Loan
Thursday, February 11, 2016 - Gazprom is looking to raise a $2 billion syndicated loan from international banks, according to two banking sources.
Devon Says Hires Jefferies To Sell Non-Core Assets To Cut Debt
Wednesday, February 10, 2016 - Devon Energy has hired the US investment bank Jefferies Group LLC to market assets across four major shale basins to raise cash and slash debt.
Ecopetrol Dividend Policy Seeks to Prevent Slide Into Junk
Tuesday, February 02, 2016 - Colombia’s state-controlled Ecopetrol SA will pursue a dividend policy this year designed to safeguard the company’s investment grade rating amid the slump in oil prices.
Russian Oligarchs Most Likely Buyers in Putin's New Privatisation Plan
Tuesday, February 02, 2016 - Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell.
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