Results 11 articles shown
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.
Oil Industry's Plan to Keep Investors Happy: Borrow More Money
Tuesday, February 02, 2016 The world’s largest oil companies have a plan to weather the worst market in over a decade: borrow more money.
IMF Says Ready to Lend to African Oil Producers; No Requests Yet
Tuesday, February 02, 2016 The International Monetary Fund says it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests from the region.
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.
Texas Shale Drillers Lure $2 Billion in New Equity to Permian
Tuesday, February 02, 2016 Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel.
Anadarko Says It May Cut Dividend Due to High Yield
Tuesday, February 02, 2016 Oil producer Anadarko Petroleum Corp may cut its dividend because its falling share price amid the oil price plunge has pushed the yield too high.
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.
|Brent Crude Oil :||$30.06/BBL||2.52%|
|Light Crude Oil :||$26.21/BBL||4.51%|
|Natural Gas :||$1.99/MMBtu||2.92%|
|Updated in last 24 hours|