Monday, June 15, 2026

Eni Sells Remaining Galp Stake as Oil Company Disposes of Assets

Story by Bloomberg Eni SpA sold its remaining 4 percent stake in Galp Energia SGPS SA as the Italian oil producer disposes of assets that aren’t part of its main business. Eni raised 325 million euros ($347 million) by selling 33.1 million shares of Portugal’s biggest oil company at 9.81 euros apiece to institutional investors, the Rome-based company said in a statement on

Noble Midstream Partners LP Announces Postponement of Initial Public Offering

Noble Midstream Partners LP (“Noble Midstream”) today announced that it has postponed its previously-announced initial public offering. The board of directors and management of Noble Midstream’s general partner and its sponsor, Noble Energy, Inc. (“Noble Energy”), elected to postpone the offering as a result of unfavorable equity market conditions. Noble Midstream will continue to evaluate the timing for the proposed

Sanchez Energy Announces Results of Its Borrowing Base Redetermination

Sanchez Energy Corporation (SN)(“Sanchez Energy,” the “Company,” “we,” “our,” “us,” or similar terms), today announced that it has received commitments from its lending group to change the borrowing base under its $1.5 billion first lien revolving credit facility from $550 million to $500 million with an unchanged elected commitment of $300 million, effective today. With nothing drawn on the borrowing

Massive El Nino Gains Strength

From the Los Angeles Times One of the most powerful El Niños on record continues gathering strength and is looking increasingly likely to bring heavy rains to key Northern California areas that provide water for the rest of the state, according to a new forecast. There are better odds that the area around Lake Oroville, California’s second-largest reservoir, will have