Finance and Investing News for United States


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Var Energi Going Public To Enhance Growth Share your comments
Tuesday, January 25, 2022Var Energi will launch an initial public offering of its shares and apply for a listing on the Oslo Stock Exchange.

Traders Plow 500MM Barrels Back into Futures Market Share your comments
Friday, January 14, 2022Money is gushing back into oil.

Commodity Trader King Eyes $200 Oil Share your comments
Thursday, January 13, 2022King said oil could soon hit $100 and even $200 over the next five years.

Equinor Takes $1.8B Impairment on Mariner Share your comments
Wednesday, January 12, 2022Equinor ASA will make a $1.8 billion impairment on its Mariner field.

Phantom Weekend Price Plunge Catches Oil Traders off Guard Share your comments
Tuesday, January 11, 2022The weekend plunge was actually part of a testing regime by CME.

Mexico Cuts Pemex Debt Burden by $3.2B Share your comments
Monday, January 10, 2022Mexico's government said it had slashed Pemex's debt burden.

Shell Says Trading Results in Gas Stronger Share your comments
Friday, January 07, 2022Shell has a huge global portfolio of natural gas.

Shale Fracker's Stock Jumps as Demand Swells Revenue Share your comments
Wednesday, January 05, 2022NexTier Oilfield Solutions Inc. soared more than 20 percent.

ADNOC Investing $1B In 60-Year-Old Field Redevelopment Share your comments
Wednesday, January 05, 2022ADNOC has awarded a $946 million EPC contract for the strategic long-term development of its Umm Shaif field.

EnQuest To Settle Contractor Dispute With $17M Payout Share your comments
Tuesday, January 04, 2022EnQuest must pay $17.2 million to settle a dispute with a contractor over work in Malaysia.

USA Oil Market Braces for $4.6B Wave of Selling Share your comments
Tuesday, January 04, 2022Every January, the world's two biggest commodities indexes reset, spurring a raft of inflows and outflows across commodity markets.

Namibia Cashing In On First Hydrogen Concessions During 2022 Share your comments
Monday, January 03, 2022The President of Namibia said that the green hydrogen industry will strengthen its renewable energy footprint.

Exxon Reaps Windfall of Up to $1.9B From Energy Rally Share your comments
Friday, December 31, 2021Exxon said higher crude oil and natural gas prices boosted quarterly results.

VAALCO Files $150MM SEC Shelf Registration Statement Share your comments
Friday, December 31, 2021'The filing will provide us increased financial flexibility and more efficient access to the capital markets'.

Gulf Arab Energy Firms Borrow $30.5B in 2021 Share your comments
Thursday, December 30, 2021Gulf Arab energy firms borrowed the most in at least 25 years.

CNOOC Voluntarily Delisting from TSX Share your comments
Tuesday, December 28, 2021The delisting from the TSX is not expected to have any negative impact on the company's ongoing operations.

Borr Defers $1.4B Debt As It Prepares For Benefits Of Market Recovery Share your comments
Monday, December 27, 2021Borr Drilling has reached agreements to refinance and defer $1.4 billion in debt maturities and delivery installments from 2023 to 2025.

Biden Offers $1B Loan Guarantee For Nebraska Hydrogen Project Share your comments
Friday, December 24, 2021The U.S. Energy Department will back a Nebraska project to convert natural gas into hydrogen, a first such loan guarantee under President Joe Biden.

Pemex Gets $500M Loan For Shell Refinery Takeover Share your comments
Friday, December 24, 2021Barclays, SMBC, and Banorte are providing a $500 million bridge loan to Pemex to help finance its takeover of Shell's Deer Park refinery.

Energy Beats Broader Market for First Time in 5 Years Share your comments
Thursday, December 23, 2021Oil and gas stocks have been the top market performers across North America.

SBM Offshore Gets $620M Bridge Loan For Mero FPSO Share your comments
Monday, December 20, 2021SBM Offshore has secured a $620M bridge loan facility for the financing of the construction of the Mero field bound FPSO Alexandre de Gusmão.

Oil Futures Curve Sends Warning Sign Share your comments
Wednesday, December 15, 2021Brent crude for February settlement flipped to trade at a discount to the March contract for the first time since March, excluding the days when the contracts expire.

Saudis Warn Traders Against Shorting Oil Share your comments
Tuesday, December 14, 2021Saudi Arabia's energy minister warned traders against shorting oil prices.

Neptune Declares $800MM Dividend Share your comments
Monday, December 13, 2021Neptune expects that the dividend will be paid to shareholders on December 15.

Shell Investors Back UK Move Share your comments
Friday, December 10, 202199.8 percent of votes cast by investors were in favor of the proposal.

Famatown Finance Snaps Up Valaris Stake Share your comments
Friday, December 10, 2021The interest was obtained through open market transactions.

Woodside To Invest $5B In New Energy Markets By 2030 Share your comments
Thursday, December 09, 2021Woodside has revealed its plans to invest $5 billion in emerging new energy markets by 2030.

California Public Pensions Are Major Fossil Fuel Investors Share your comments
Thursday, December 09, 2021California Public Employees' Retirement System and California State Teachers' Retirement System are said to be the largest investors in fossil fuel companies.

Oil and Gas Investments Must Rise to $523B a Year Share your comments
Wednesday, December 08, 2021The IEF said spending on oil and gas projects slumped 30 percent to $309 billion in 2020.

Oil Traders Take Long Shot Bets Share your comments
Tuesday, December 07, 2021Some traders have bet on the small chance that West Texas Intermediate's discount to Brent surges past $10 a barrel next year.

Wall Street Holds Fast to Fossil Fuels Share your comments
Monday, December 06, 2021The world's biggest banks are making clear they plan to stand by their fossil-fuel clients.

ConocoPhillips Unveils $1B Variable Dividend Share your comments
Monday, December 06, 2021The new quarterly dividend will be set based on forward oil prices, cash flow and other factors.

Oil Traders Stampede to Exit Share your comments
Friday, December 03, 2021Oil traders and investors are shutting down their books at a rapid pace.

Chevron Sets 2022 Spending Budget At $15B Share your comments
Thursday, December 02, 2021Chevron has announced a 2022 organic capital and exploratory spending program of $15 billion, up more than 20 percent from 2021 expected levels.

CNOOC Deregisters With SEC Share your comments
Wednesday, December 01, 2021CNOOC Limited (TSX: CNU) announced Tuesday that it intended to deregister with the United States Securities and Exchange Commission.

Exxon To Spend $15B On GHG Reduction Projects By 2027 Share your comments
Wednesday, December 01, 2021Exxon will increase spending to $15 billion on GHG emission-reduction projects over the next six years.

Equinor Exits Ireland Following $434M Corrib Sale Share your comments
Tuesday, November 30, 2021Equinor has stopped having a business presence in Ireland following a decision to sell its non-operated equity position in the Corrib offshore gas project to Vermillion Energy.

Gazprom Reports Record 3Q Profit Share your comments
Tuesday, November 30, 2021Net income rose to 581.8 billion rubles ($7.8 billion) compared with a net loss a year ago.

Traders Pile Into $70 Longer Term Crude Price Share your comments
Wednesday, November 24, 2021Oil traders are betting that longer-term crude prices could be set to spike.

Woodside Gives Green Light For Scarborough, Pluto Train 2 Share your comments
Monday, November 22, 2021Woodside has approved the investment for the Scarborough offshore gas project as well as the Pluto Train 2 development.

Seadrill Picks New Board Members With Chapter 11 Emergence Nearing Share your comments
Thursday, November 18, 2021Seadrill Limited has revealed its new members of the board of directors as it prepares to emerge from Chapter 11 bankruptcy.

Biggest Oil Exporter Lures ESG Investors Share your comments
Thursday, November 18, 2021Saudi Arabia's plan to enter the market for green bonds marks a watershed moment.

RWE To Double Green Energy Capacity With $57B Investment Share your comments
Tuesday, November 16, 2021RWE has revealed its plans to invest $57 billion through 2030 to double its green energy capacity to 50 GW.

Exec Who Led Engine No 1 Exxon Campaign to Leave Share your comments
Tuesday, November 16, 2021Charlie Penner was in charge of Engine No. 1's active engagement practice.

Trader Makes $250 Oil Bet Share your comments
Friday, November 12, 2021The equivalent of 5 million barrels of Brent $250/$300 call spreads traded late on Thursday.

BP and Aker Exploring Aker BP Stake Sale Share your comments
Thursday, November 11, 2021Aker and BP currently control approximately 40 percent and 30 percent of the shares outstanding in Aker BP, respectively.

Majors Need 4 More Years to Surpass Pre-Covid Payouts Share your comments
Wednesday, November 10, 2021Even in the long-term, the oil majors will struggle to relive the glory years of the late-2000s.

Oxy Loses Money on Oil Hedge Share your comments
Tuesday, November 09, 2021Occidental, one of the Permian Basin's biggest producers, lost an estimated $339 million from its oil and gas hedges this year through Sept. 30.

Aramco Earnings Surge Share your comments
Monday, November 01, 2021Third-quarter net profit climbed to $30.4 billion.

Chevron Eyes More Buybacks After Record Cash Flow Share your comments
Friday, October 29, 2021Chevron shares rose 2.1 percent to $115.50 in pre-market trading.

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