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Norway Oil Investment To Fall Less Than Expected - Lobby Group
Tuesday, December 12, 2017 Oil and gas investments in Norway are expected to fall for a fourth consecutive year in 2018 but will turn higher in 2019.
Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.
Britain's Genel Energy Seeks To Cut Bond Debt To $300 Mln
Wednesday, December 06, 2017 Iraqi Kurdistan-focused oil producer Genel Energy plc is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.
Thailand's Gulf Energy Marks Market Debut with 27.8% Jump
Wednesday, December 06, 2017 Gulf Energy Development PCL makes its market debut with shares trading at 27.8 percent above their initial public offer.
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.
Chinese Firm Rescinds Takeover Offer For Australia's AWE
Tuesday, December 05, 2017 Bid to buy AWE has been formally withdrawn.
Private Equity Firm Blue Water Energy Raises $1.1B For Oil Investment
Monday, December 04, 2017 Blue Water Energy raises $1.1 billion for a fund to invest in oil and gas, the latest sign of growing appetite for the industry as crude prices recover from a downturn.
Vietnam's PV Oil Plans Jan IPO That Aims To Raise At Least $122 Mln
Friday, December 01, 2017 Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20% of its shares in an initial public offering (IPO) in January.
Enquest Lenders Relax Debt Terms, Shares Rise
Thursday, November 30, 2017 EnQuest Plc, a North Sea-focused oil producer saddled with $2 billion in debt, says its lenders eased terms on a loan, boosting its shares by as much as 6%.
Tullow Oil Refinances $2.5 Billion Credit Line
Wednesday, November 29, 2017 Africa focused Tullow Oil Plc refinances $2.5 billion of loans borrowed against its oil and gas reserves.
Shell to Cancel Scrip Dividend In 4Q
Tuesday, November 28, 2017 Shell announces the cancellation of its scrip dividend, with effect from the fourth quarter of this year.
Norway's Wealth Fund Says Sale Of Oil Stocks Will Take Years
Tuesday, November 28, 2017 The Norwegian sovereign wealth fund's proposed multi-billion dollar divestment from oil and gas stocks will take many years to complete.
Gulf Energy Raises $733MM, Biggest Thai Corporate IPO In Over A Decade
Wednesday, November 22, 2017 Thailand's Gulf Energy Development Pcl raises $733 million after its initial public offering priced at the top end of expectations.
Trafigura's Purchases From State Oil Firms Rose In 2016 - Report
Wednesday, November 22, 2017 Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.
ADNOC To Raise $2.25B Pre-IPO Loan For Distribution Unit
Monday, November 20, 2017 ADNOC plans to raise a $2.25 billion loan for its distribution unit prior to selling a stake of up to 20%.
Petrobras Seals $1B Financing From Banks, Repays $500MM Debt
Friday, November 17, 2017 Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.
London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case
Friday, November 17, 2017 A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.
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.
Noble Group Shares Drop To Lowest Since 1999 After Co-CEO Quits
Tuesday, November 14, 2017 Shares in Singapore-listed Noble Group tumble as much as 12.7% after Jeffrey Frase resigns as co-chief executive officer.
Russia's Rosneft Says To Invest Over $2 Bln In Egypt's Zohr In 2018-2021
Tuesday, November 14, 2017 Rosneft will invest more than $2 billion in Egypt's Zohr gas field in the next four years, the company says.
British Judge To Issue Ruling On $700MM Dana Gassukuk Case Soon
Monday, November 13, 2017 British High Court judge George Leggatt says he would not further adjourn a trial over about $700 million of outstanding Islamic bonds issued by United Arab Emirates firm Dana Gas.
Oman's Duqm Refinery To Seek $6B Bank Funding Soon - Sources
Monday, November 13, 2017 Oman's Duqm Refinery and Petrochemical Industries Co will approach banks in about 2 weeks for the debt financing it needs to back a $6 billion refinery project.
Hurricane Looks for Appropriate Growth Platform, Considers Premium Listing
Thursday, November 09, 2017 Directors believe a premium listing could provide the company with 'a more appropriate platform for its growth'.
UK To Provide Saudi Aramco With $2B Credit Guarantees
Thursday, November 09, 2017 Britain's government says it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.
Hey Oil Companies, Scrap Those Dividends, Canada's Mawer Says
Thursday, November 09, 2017 Oil companies need to stop distributing quarterly dividends, and energy investors need to break their addiction to those payouts.
BP, Shell Lead Plan For Blockchain-Based Energy Trading Platform
Monday, November 06, 2017 A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018.
LSE Has Made Strong Case For Aramco Listing - UK PM's Spokesman
Monday, November 06, 2017 The London Stock Exchange has made a 'very strong case' for oil company Saudi Aramco to list its shares in Britain, a spokesman for Prime Minister Theresa May said.
Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today
Tuesday, October 31, 2017 A Middle Eastern energy company that has questioned the lawfulness of its own sukuk won't settle the debt owed to investors, according to sources.
Venezuela State Oil Company Says It Made Vital Bond Payment
Friday, October 27, 2017 Venezuela's state-run oil company said it transferred the funds to make an $842 million principal payment on its bonds due Friday.
Venezuelan, State Oil Firm Bonds Drop Over Payment Concerns
Thursday, October 26, 2017 Bonds issued by PDVSA drop sharply amid concerns on cash-flow problems and regulatory hurdles.
Saudi Exchange Aims to Be Sole Listing Venue for Aramco Shares
Thursday, October 26, 2017 Saudi Arabia's stock exchange is gunning for the exclusive right to list shares of oil giant Aramco.
Argentina's YPF To Invest $21.5B From 2018 To 2022
Wednesday, October 25, 2017 YPF plans to invest $21.5 billion in the country from 2018 to 2022.
Oil Just Isn't That Important to Petrocurrencies Right Now
Tuesday, October 24, 2017 The currencies of some of the world's biggest crude exporters are breaking their historic relationship with the oil price.
Norway's Seadrill Gets Two Rival Debt Restructuring Proposals
Monday, October 23, 2017 Seadrill receives two additional non-binding proposals from bondholders for a debt restructuring.
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.
Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals
Thursday, October 19, 2017 The crisis unfolding around the Iraqi city of Kirkuk has left some of the world's largest commodity trading houses worried.
Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt
Wednesday, October 18, 2017 Angola is not the next Venezuela, the head of state oil firm Sonangol says.
Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.
Kemp: Investors Hit Peak Bullishness On Oil
Monday, October 16, 2017 The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September.
BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.
Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.
BNP to Halt Shale Oil Financing, Expand Funds for Renewables
Wednesday, October 11, 2017 BNP Paribas pledges to stop financing shale and oil sands projects, expanding earlier commitments in support of global efforts to tackle climate change.
Novak: Saudi Arabia, Russia To Set Up $1B Energy Fund
Monday, October 02, 2017 Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said.
Seadrill's Debt Overhaul Faces Creditor Scrutiny
Monday, October 02, 2017 Seadrill's $12.7 billion debt restructuring faces a critical phase as hold-out creditors prepare to challenge the plan put forward by John Fredriksen.
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.
Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt
Monday, September 18, 2017 Petrobras will issue up to $2 billion in new bonds as part of a plan to repurchase shorter-dated, expensive securities
Trafigura CFO Sees Puma Listing Within Five Years
Thursday, September 14, 2017 Puma Energy is likely to become a listed company within the next five years, Trafigura's CFO Christophe Salmon says.
Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
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.
Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.
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