Finance and Investing News for United States


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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.

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.

Investors See Big Oil Surge, But Physical Markets Suggest Caution
Tuesday, May 15, 2018 Physical markets for oil shipments tell a different story.

Oil's Lifeline Turns Into $7 Billion Drag as Crude Prices Jump
Wednesday, May 02, 2018 There's a downside to oil prices being up that could cost the industry more than $7 billion.

Rosneft Appeals to Market With $2 Billion Buyback, Debt Cut
Tuesday, May 01, 2018 Rosneft PJSC plans to start a $2B share buyback this year.

Seadrill Gets US Court Approval For Bankruptcy Exit Plan
Tuesday, April 17, 2018 A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.

Drillcore Creates $250MM Fund for US Upstream Investments
Tuesday, April 17, 2018 Drillcore Energy Partners is seeking its first private equity fund to make upstream investments in the continental U.S.

Oil Services Investors Yawn at Latest US Sanctions on Russia
Monday, April 09, 2018 Investors of the world's biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.

Oil Producer Hess To Buy Back $1B Shares
Thursday, March 08, 2018 Hess Corp will buy back $1 billion worth of shares by the end of 2018, becoming the latest U.S. oil and gas producer to do so amid a recovery in oil prices.

Exxon Woos Wall St. With Bold Plan To Double Earnings By 2025
Wednesday, March 07, 2018 ExxonMobil says it expects earnings to more than double by 2025 to $31 billion, with crude prices at or above current levels.

Saudi Aramco CEO: Global Oil Sector Needs $20T Investments Over 25 Years
Tuesday, March 06, 2018 The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth.

Alaska, Other Oil States Fight Budget Deficits For Fiscal Year 2019
Friday, March 02, 2018 More than three years after the collapse in oil prices, energy-producing states continue to struggle with budget shortfalls.

CFO: Sand Delays To Cut Halliburton's 1Q EPS By 10 Cents
Thursday, February 15, 2018 Halliburton's 1Q earnings would be reduced by 10 cents per share due to delays in sand deliveries, a senior company executive says.

Anadarko Raises Dividend Payout, Share Buyback Program
Wednesday, February 07, 2018 Anadarko says it increased its quarterly dividend and also raises its share buyback program.

ExxonMobil Stock Rout Deepens as Profit Flub Meets S&P 500 Plunge
Monday, February 05, 2018 ExxonMobil is on course for its steepest two-day stock rout in almost 2 1/2 years.

Seadrill Postpones Restructuring Plan Hearing Until Feb. 7
Thursday, January 25, 2018 Drilling rig company Seadrill has again postponed an initial hearing on its restructuring plan.

Halliburton Upbeat On 2018 As Oil Recovery Spreads
Monday, January 22, 2018 Halliburton reports a bigger-than-expected adjusted quarterly profit and gave an upbeat outlook for 2018

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan
Monday, January 08, 2018 For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Financial Oil Trading Booms, Especially In The United States
Thursday, December 28, 2017 Financial oil trading is booming, hitting records this year, with volumes in US contracts outpacing growth elsewhere on the back of the US shale oil boom.

Natgas Producer EQT To Spend $2.4B In 2018
Wednesday, December 13, 2017 EQT says it expects to spend $2.4 billion next year.

Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.

Energy Bonds Trade Like Stocks as Wildcatters Get Religion
Wednesday, December 06, 2017 For the first time in months, energy bond and stock investors are both feeling good.

Offshore Oil Service Firms Dominate North American Energy Bankruptcies
Thursday, November 16, 2017 Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.

Cash-Poor Alaska Eyes Foreign Capital To Jump-Start Energy Projects
Friday, October 20, 2017 Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries.

Hess: World Needs New Offshore Oil Investments to Avoid Shortages
Thursday, September 28, 2017 Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said.

BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.

Blackstone Adds $10 Billion in Energy Assets With Harvest Deal
Thursday, August 17, 2017 Blackstone Group LP will add $10 billion in assets by buying energy investor Harvest Fund Advisors.

Continental Resources CEO: Absolutely No New Debt
Wednesday, August 09, 2017 Continental Resources will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm says.

Continental Becomes Latest US Shale Producer To Cut Budget
Tuesday, August 08, 2017 Continental Resources cut its 2017 capital budget, the latest US shale oil producer to cut back on drilling and fracking equipment amid tepid crude prices.

Occidental Petroleum's Profit Beats As Prices For Chemicals Jump
Wednesday, August 02, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit.

Marathon Oil Cuts Capital Budget After Posting Quarterly Loss
Wednesday, August 02, 2017 Marathon Oil Corp cuts its 2017 capital budget after posting a quarterly loss that fell in line with Wall Street's expectations.

The Energy Patch: Where Rights Offerings Are 'Sexy' Again
Tuesday, August 01, 2017 Energy businesses that are trying to exit bankruptcy are finding a savior in some of their own creditors.

Whiting Petroleum Slashes 2017 Budget After Quarterly Loss
Wednesday, July 26, 2017 Whiting Petroleum slashed its 2017 budget by 14%, the latest company to curtail spending due to weak commodity prices.

Hess Slashes 2017 Capital Budget After Quarterly Loss
Wednesday, July 26, 2017 Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.

Halliburton Sees N. America Rig Count Flattening, Shares Down
Monday, July 24, 2017 Halliburton reported impressive second quarter results but warned the growth in North American rig count was "showing signs of plateauing."

Unfazed by Low Prices, Bankers Remain Confident in Oil Lending
Friday, July 14, 2017 Fears of a long spell of low oil prices haven't shaken Wall Street's confidence in the sector.

The Rigzone Interview: Private Equity Cash Focuses on Oil, Gas Development
Thursday, July 13, 2017 Upstream private equity focuses on developing oil and gas assets, energy investment pro Claire Harvey tells Rigzone in exclusive interview.

Russians Drop Texas Oil Bid, Averting Trump Security Review
Monday, June 26, 2017 LetterOne's L1 Energy unit recently walked away from a deal to buy Texas oil producer over concerns the plan could be rebuffed by the CFIUS.