Story by The Wall Street Journal Swiss authorities say they have frozen hundreds of millions of dollars in assets tied to a corruption scandal at Petróleo Brasileiro SA, and have unearthed hundreds of accounts at Switzerland’s banks used to funnel bribes as part of the alleged wrongdoing at Brazil’s state oil company. In a statement on Wednesday, Switzerland’s Office of
Story by CNBC U.S. stocks closed sharply higher on Wednesday as investors cheered the Federal Reserve’s statement that indicated a rate hike would come later rather than sooner. The Fed dropped the word “patient” from its March meeting statement, a subtle indication that the era of zero interest rates is about to end. However, the U.S. central bank came off
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has agreed to sell 3,480,000 shares of its common stock in an underwritten public offering. The Company has granted the underwriters an option for 30 days to purchase up to an additional 522,000 shares of the Company’s common stock to cover over-allotments, if any. Goldman, Sachs & Co.
RMP Energy Reports Fourth Quarter and Fiscal 2014 Results and Year-End Reserves and Provides Updated Market Guidance CALGARY, ALBERTA–(Marketwired – Mar 18, 2015) – RMP Energy Inc. (“RMP” or the “Company“) (RMP.TO) is pleased to report for the year ended December 31, 2014 record financial and operating results including funds from operations of $164.1 million ($1.36 per basic share) on
Vanguard Natural Resources, LLC Announces Four Monthly Cash Distributions HOUSTON, March 18, 2015 (GLOBE NEWSWIRE) — Vanguard Natural Resources, LLC (VNR) (“Vanguard”) has declared a cash distribution attributable to the month of February 2015 of $0.1175 per unit ($1.41 on an annual basis) payable on April 14, 2015 to unitholders of record on April 1, 2015. Vanguard has also declared
Canada gets a downgrade The Organization for Economic Cooperation and Development (OECD) lowered its economic growth expectations for Canada in its most recent report, released March 18. The new predictions put economic growth in Canada this year at 2.2%, down from 2.6% in its November forecast. For 2016, the group now sees growth of 2.1%, down from 2.4% previously. “Oil
A wholly-owned subsidiary of Anadarko purchased a 20% equity interest in the Saddlehorn Pipeline Project Magellan Midstream Partners (ticker: MMP) and Plains All American Pipeline (ticker: PAA) announced today that a wholly owned subsidiary of Anadarko Petroleum (ticker: APC) exercised its option to purchase a 20% equity interest in Saddlehorn Pipeline Company. MMP and PAA will each have 40%equity ownership
Inventories at 88% of working capacity Production may be slowing in the United States, but the builds to crude oil inventories are not. The Department of Energy (DOE) reported gains for the tenth straight time in its Weekly Petroleum Status Report for the period ended March 13, 2015. This is also the eighth straight week we have achieved an unofficial
RSP Permian, Inc. (“RSP” or the “Company”) (RSPP) today announced that it has priced an underwritten public offering of 5,000,000 shares of its common stock by the Company and 4,000,000 shares of its common stock by certain of the Company’s stockholders at $25.80 per share. Total gross proceeds (before the underwriter’s discounts and commissions and estimated offering expenses) will be
Story by Reuters U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth “several billion roubles” it says it overpaid on a project in the far east of Russia, the Kommersant daily reported on Wednesday. The newspaper, citing unnamed sources, said ExxonMobil believes it overpaid profit taxes on its Sakhalin-1 oil and gas project. Russia
Torchlight Energy to Spud First Well in Its Orogrande Project
Acorn Energy Suspends Operations at US Seismic Systems
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