News Categories: Finance and Investing News
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Peru's State Oil Company Says Scraps Plan For 2015 Share Offer
Monday, March 30, 2015 Petroperu will not go through with a previously announced plan to sell shares on the local stock market this year, the firm's president German Velasquez says.
US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.
Ophir Returns to Profit and Cuts Spending
Thursday, March 19, 2015 Oil explorer Ophir Energy, which completed the acquisition of rival Salamander Energy this month, returned to profit last year and says it would cut spending by $250 million over two years to deal with low oil prices.
EnQuest Says To Increase North Sea Investments After Tax Cuts
Thursday, March 19, 2015 EnQuest says it will be able to invest more money in some of its North Sea oil fields after Britain announced cuts to oil and gas taxes.
Dragon Oil Approached By Largest Shareholder
Tuesday, March 17, 2015 Dragon Oil Plc says it had been approached by Dubai's Emirates National Oil Co Ltd LLC (ENOC), its largest shareholder, about a possible offer for its shares ENOC did not already own.