Finance and Investing News


Results 35 articles shown

Pemex Says Mexico Plans $7.3B in Tax Breaks
Friday, May 24, 2019 Mexico is seeking as much as $7.3 billion worth of tax breaks for Petroleos Mexicanos in 2020 and 2021, according to a document sent to Bloomberg.

Additional Capital Discipline Critical for Future Shale Sucess
Monday, May 06, 2019 In the midst of the current shale boom, investors are pushing for more capital discipline, lower costs and better returns.

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.

Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019 Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.




BP Invests in Technology to Help Upstream Business
Monday, January 28, 2019 BP Ventures invested $5 million in a Houston technology startup that uses artificial intelligence to help BP experts make more efficient upstream decisions.

Gastar Emerges from Chapter 11 Bankruptcy
Wednesday, January 23, 2019 The pure play Mid-Continent energy company has successfully completed its restructuring process.

Chesapeake Surges After Director Buys Shares
Wednesday, December 26, 2018 Chesapeake shares rose the most since February.

Hess Market Cap Plunges $1.5B
Monday, December 24, 2018 Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.

South Sudan Sees $2B Investment as Start, Expects More in 2019
Wednesday, December 19, 2018 Recent pledges of $2 billion in investment for South Sudan's oil may be just the start, its petroleum minister says.

Drop in Crude to Test Big Oil's Devotion to Spending Discipline
Wednesday, November 14, 2018 The world's biggest oil companies have been saying that by keeping a tight rein on spending today, they'll be fortified against the next crude-price collapse.

Gastar Exploration Files for Chapter 11 Bankruptcy
Monday, October 29, 2018 The pure play Mid-continent energy company has entered into a restricting support agreement with its largest creditor and shareholder.

Private Equity Needs Long-Term Approach to Cash in on Shale
Monday, October 22, 2018 For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.

Aramco Is Not Alone as Saudi Arabia's Privatization Push Slows
Thursday, September 20, 2018 Aramco may have grabbed the biggest headlines, but the oil giant's delayed initial public offering is just the latest sign of Saudi Arabia's slowing privatization push.

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.

Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.

Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.

Decision Day on $1 Trillion Fund's Oil Exit Moves Closer
Wednesday, August 22, 2018 Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.

Britain's 'Aramco' Listing Category Attracts Interest From A Single Firm
Friday, August 17, 2018 Britain's markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms to London.

Sources: US Directional Oil And Gas Drilling Firm SDI Seeking Buyer
Thursday, August 09, 2018 SDI is being offered to potential buyers at a valuation of more than $500 million, sources familiar said.

Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B
Tuesday, July 17, 2018 Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.

Russian Lawmakers Approve Profit-Based Taxation For Oil Production
Thursday, July 05, 2018 The lower house of Russian parliament on Thursday approves in the third and final reading the new, profit-based, taxation for a limited number of oilfields.

EBRD Set To Approve TAP Loan In Boost For Developers -Sources
Wednesday, July 04, 2018 A major European development bank is likely to approve a loan for the Trans-Adriatic Pipeline (TAP) gas project on Wednesday, sources say.

Rig Firm Fred. Olsen Energy Fails To Win Waiver Extension
Monday, July 02, 2018 The creditors of Oslo-listed Fred. Olsen Energy did not agree to extend a waiver to some of the company's financial covenants that expired on Saturday, the Norwegian drilling rig contractor says.

Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.

Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.

Brookfield CEO Says He May Consider Trans Mountain Investment
Friday, June 15, 2018 Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.

Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Friday, June 15, 2018 Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu, keen to encourage a proposed merger that has been opposed by Idemitsu's founding family.

Sources Say ExxonMobil to Take Baby Steps to Expand Oil Trading Unit
Tuesday, June 12, 2018 ExxonMobil is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations.

Russia's Gazprom Neft Says Q1 Earnings Up 12.5% Y-o-Y
Tuesday, May 29, 2018 Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says its first-quarter net income rose by 12.5% year-on-year.