Magellan Midstream Prices $500 Million Debt Offering Due 2030
May 6, 2020
Magellan Midstream Prices $500 Million Debt Offering Due 2030
States ask Trump administration to pay laid off oil workers to plug abandoned wells
May 6, 2020
Reuters A coalition of U.S. oil producing states has asked the Trump administration for stimulus funds to hire laid off energy workers to plug abandoned wells, a proposal aimed at fending off unemployment while tackling a growing environmental problem, a spokeswoman for the group said. The request from the Interstate Oil and Gas Compact Commission, a consortium of 31 states,
Wellhead Equipment Procurement Intelligence Report Forecasts over USD 690 million Spend Growth
May 6, 2020
Wellhead Equipment Procurement Intelligence Report Forecasts over USD 690 million Spend Growth
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Gulfport Energy, RTI Surgical Holdings, HF Foods, and VMware and Encourages Investors to Contact the Firm
May 6, 2020
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Gulfport Energy, RTI Surgical Holdings, HF Foods, and VMware and Encourages Investors to Contact the Firm
Coronavirus continues to impact the wind energy sector as Germany’s Nordex withdraws guidance
May 6, 2020
CNBC Nordex has become the latest wind turbine manufacturer to withdraw guidance for the 2020 financial year, in another example of how the coronavirus pandemic is disrupting the renewable energy sector. In a statement issued Tuesday the German company said its performance in the first quarter of 2020 had “improved substantially in line with expectations” compared to the same period
Macroeconomic Outlook for the Middle East with Forecasts to 2025 – ResearchAndMarkets.com
May 6, 2020
Macroeconomic Outlook for the Middle East with Forecasts to 2025 – ResearchAndMarkets.com
Occidental looks to raise cash, swap debt as oil prices pressure finances
May 6, 2020
Reuters HOUSTON – Occidental Petroleum Corp (OXY.N) said on Wednesday it was looking to raise new cash or swap debt for stock, a day after it posted a large first-quarter loss, sending its stock down 7%. Shares fell to $14.23 after the company laid out in a securities filing the potential for new asset impairments and an ownership change
Iraq emerging as OPEC’s main laggard in making record output cut: sources
May 6, 2020
Reuters BAGHDAD/LONDON – Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Less than full compliance by Iraq, as well as by smaller producers such as Nigeria and Angola, could
U.S. crude oil inventories increase by 4.6 million barrels
May 6, 2020
Weekly Crude Oil Storage as of May 1, 2020 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.6 million barrels from the previous week. At 532.2 million barrels, U.S. crude oil inventories are about 12% above the five year average for this time of year, according to the EIA crude oil and petroleum
Oil falls to $30 as supply glut counters lockdown easings
May 6, 2020
Reuters Oil fell to around $30 a barrel on Wednesday as a report showing a higher-than-expected rise in U.S. inventories offset hopes for a recovery in demand as some countries ease coronavirus lockdowns. Brent crude has almost doubled since hitting a 21-year low on April 22, supported by expectations demand will recover and by a record supply cut led by
EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties
May 6, 2020
EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties located in Brazos, Burleson, Fayette, Grimes, Lee and Washington Counties Texas. This is a sealed bid offering. Lot ID: 64200. Bids due 5/28/2020 at 4:00 PM CDT. Effective date of sale is 7/1/2020.
Amplify Energy Announces First Quarter 2020 Results and Over $80 Million of Liquidity Enhancement Initiatives
May 6, 2020
Amplify Energy Announces First Quarter 2020 Results and Over $80 Million of Liquidity Enhancement Initiatives
