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Wednesday, November 19, 2025

September 20, 2016

Encana Uses $1 Billion Stock Offering to Pay down Debt, Expand into Permian

September 20, 2016

$1 Billion Stock Offering announced on Monday Encana Corporation (ticker: ECA) announced today the pricing of its public offering of 107,000,000 common shares at a public offering price of USD $9.35 per share. The company’s gross proceeds totaled US$1,000,450,000. The offering was underwritten by Credit Suisse Securities (Canada), Inc. and J.P. Morgan. Both institutions have a 30-day over-allotment option to purchase up

Experts Predict Trouble Ahead for Gulf of Mexico Oil & Gas Operators

September 20, 2016

New supplemental collateral requirements could severely damage independent Gulf of Mexico drillers, producers – Part 2 On Sept. 12, 2016, the federal government initiated big changes to its bonding requirements for the financial liability for decommissioning oil and gas assets on the U.S. outer continental shelf (OCS). The new requirements are game-changing, according to some experts who predict that the

OPEC may decide on extra meeting immediately after Algiers: Algeria

September 20, 2016

From Bloomberg: OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday. Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilize the oil markets at the Algiers meeting of OPEC and non-OPEC

Statoil Celebrates 5 Billion Barrels from Statfjord

September 20, 2016

On Monday minister of petroleum and energy Tord Lien together with Statoil (ticker: STO), Centrica (ticker: CNA) and ExxonMobil (ticker: XOM) celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979. The minister got the honor of filling the barrel, which was decorated in golden color for the occasion. “The spin-offs created by Statfjord

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