News Categories: Finance and Investing News
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Warren Resources Increases 2013 Capex
Monday, May 20, 2013 Warren Resources, Inc. announces it is increasing its 2013 capital expenditure budget to $73 million.
Moller-Maersk Net Profit Falls, Demand to Stay Subdued
Friday, May 17, 2013 Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.
Apache Shareholders Don't Approve Executive Compensation
Thursday, May 16, 2013 Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.
Petrobras Launches Sale of Bonds to Raise $11 Billion
Monday, May 13, 2013 Petrobras begins its enormous 2013 financing campaign with one of the largest bond issues this year.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
QEP Resources Spinoff Files Public IPO Plans
Thursday, May 09, 2013 QEP Resources Inc.'s newly formed master limited partnership has filed for an initial public offering worth up to $400 million.
Transocean First-Quarter Profit Soars on Year-Earlier Losses
Wednesday, May 08, 2013 Transocean's 1Q profit soars as the offshore-oil driller benefits from a year-earlier comparison that included significant impairment and discontinued-operations losses.
Petronas to Buy Stakes Offshore Brazil from OGX at $850M
Wednesday, May 08, 2013 Petronas is the latest Asian state-owned oil company to snap up significant stakes in overseas oil-and-gas assets.
Marathon Oil 1Q Net Falls 8.2% on Tax Provision
Tuesday, May 07, 2013 Marathon Oil Corp.'s first-quarter earnings fell 8.2% as the energy company set aside more for income taxes, masking revenue growth.