Finance

Source: Reuters

ANALYSIS-Big Oil’s bid to woo ESG investors fails to impress

Nasdaq


DUBAI – A COP28 pledge by energy majors to reduce their emissions is not enough to convince many sustainable fund managers to include the companies in their portfolios because it omits pollution from the use of oil and gas, …

December 12, 2023 - 9:44 am Closing Bell Story‎, Crude Oil News, ESG, Finance
Source: Reuters

Permian driller Endeavor Energy explores potential $30 billion sale

Yahoo Finance


Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion, according to people familiar with the …

Source: Reuters

Concerns mount over Chevron-Hess merger amidst Guyana geopolitical risks

World Oil


(Bloomberg) — Traders are more jittery than ever about the outcome of Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich regions in neighboring Guyana.

Hess shares fell roughly 5% this week as …

EXCLUSIVE-Energy trader Gunvor raises U.S. DOJ fine provision to $650 mln – sources

EXCLUSIVE-Energy trader Gunvor raises U.S. DOJ fine provision to $650 mln – sources

Nasdaq


BRUSSELS – Global energy trader Gunvor Group has increased its provision for an expected fine from the U.S. Department of Justice (DOJ) to $650 million, while making just over $1 billion in the first nine months of the year, …

Source: Reuters

Oil trading giant Trafigura triples dividends after record-high profit

Oil Price


Commodity trader Trafigura paid its highest-ever dividends for its 2022/2023 financial year, after posting another record-high profit amid volatile markets. Trafigura, one of the biggest independent oil and commodity traders in the world, said in its 2022/2023 fiscal …

Source: Reuters

SEC focused on asset retirement obligations

Oil Price


The Securities and Exchange Commission (SEC) considers carefully what it says in public, so when its senior petroleum engineer makes a rare appearance in Houston to talk with oil reserves engineers – even not as an official spokesperson …

December 7, 2023 - 12:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
Source: World Oil

ExxonMobil raises share buybacks 14% with plans to accelerate Permian, Guyana oil production

World Oil


(Bloomberg) – Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in the U.S. Permian basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co.

Exxon will repurchase $20 …

Purepoint Uranium Upsizes Flow-Through Private Placement

Purepoint Uranium Upsizes Flow-Through Private Placement

Toronto, Ontario–(Newsfile Corp. – December 6, 2023) – Purepoint Uranium Group Inc. (TSXV: PTU) …

December 6, 2023 - 6:30 am Finance, Press Releases
Trican Well Service Ltd. Amends and Extends Revolving Credit Facility

Trican Well Service Ltd. Amends and Extends Revolving Credit Facility

Calgary, Alberta–(Newsfile Corp. – December 5, 2023) – Trican Well Service Ltd. (TSX: TCW) …

December 5, 2023 - 5:45 pm Finance, Press Releases
Pedro Resources Ltd. Announces Private Placement

Pedro Resources Ltd. Announces Private Placement

Toronto, Ontario–(Newsfile Corp. – December 5, 2023) – Pedro Resources Ltd. (CSE: VBN) (” Pedr…

December 5, 2023 - 5:44 pm Finance, Press Releases

Crescent Energy Announces Pricing of $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today …

December 5, 2023 - 4:15 pm Finance, Press Releases
Vital Energy Inc. Announces New $10 Million Credit Facility

Vital Energy Inc. Announces New $10 Million Credit Facility

Calgary, Alberta–(Newsfile Corp. – December 5, 2023) – Vital Energy Inc. (TSXV: VUX) &#xA0…

December 5, 2023 - 3:53 pm Finance, Press Releases
Trenchant Announces Non-Brokered Private Placement

Trenchant Announces Non-Brokered Private Placement

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2023) – Trenchant Capital Corp. (CS…

December 5, 2023 - 12:54 pm Finance, Press Releases
Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)

Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)

Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded N…

December 5, 2023 - 8:30 am Finance, Press Releases

Crescent Energy Announces Offering of $150 Million Private Placement of Additional 9.250% Senior Notes Due 2028

Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today …

December 5, 2023 - 7:20 am Finance, Press Releases
Lycos Energy Inc. Announces Increase to Credit Facility

Lycos Energy Inc. Announces Increase to Credit Facility

Calgary, Alberta–(Newsfile Corp. – December 4, 2023) – Lycos Energy Inc. (TSXV: LCX) (” Lycos ” …

December 4, 2023 - 5:36 pm Finance, Press Releases

Kinetik Prices $500 Million Sustainability-Linked Senior Notes Offering Due 2028

Kinetik Holdings Inc. (NYSE: KNTK) (“ Kinetik ”) today announced that its subsi…

December 4, 2023 - 4:49 pm Finance, Press Releases
Source: Oil Price

$11-billion takeover bid for Australia’s top utility collapses

Oil Price


Not enough shareholders of Australia’s top energy retailer, Origin Energy, backed on Monday a takeover bid from a Brookfield-led consortium of investors, leading to a collapse of a proposed $11-billion deal.

A total of 68.92% of the votes …

Kinetik Announces $500 Million Sustainability-Linked Senior Notes Offering

Kinetik Holdings Inc. (NYSE: KNTK) (“ Kinetik ”) announced today that its subsi…

December 4, 2023 - 7:55 am Finance, Press Releases

Evergy Announces Proposed Offering of Convertible Notes Due 2027

Evergy, Inc. (NASDAQ: EVRG) (“Evergy” or the “Company”) today announc…

December 4, 2023 - 6:45 am Finance, Press Releases
Hybrid Power Solutions Closes $4.9 Million Initial Public Offering

Hybrid Power Solutions Closes $4.9 Million Initial Public Offering

Vancouver, British Columbia–(Newsfile Corp. – December 1, 2023) – Hybrid Power Solutions Inc. (…

December 1, 2023 - 7:57 pm Finance, Press Releases
Source: Oil Price

Oil revenues send Alberta’s budget surplus soaring

Oil Price


Revenues from the oil industry have pushed Alberta’s projected budget surplus for this year to twice as high as initially expected, at $4.1 billion, or C$5.5 billion. In addition to revenue from oil royalties, the budget surplus for …

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

Oil and Gas 360


11/30/2023 – Completed transformational acquisition of Chesapeake’s remaining South Texas assets

Preliminary 2024 outlook of 551-611 MMcfe/d; liquids to comprise ~40% of production mix

Anticipated 2024 capex of $550-$580 million supports 3-rig drilling program

The Company

Source: Reuters

Colombia’s Ecopetrol to invest up to $6.7 bln in 2024

Nasdaq


BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement.

A majority of that spending, about …

Source: Oil Price

U.S. investment firm EIG closes in on a multi-billion-dollar LNG acquisition

Oil Price


EIG Global Energy Partners expects to announce soon a deal of several billion U.S. dollars to buy an LNG asset in addition to a stake in an Australian project, EIG chief executive officer R. Blair Thomas said in …

Source: Oil Price

Russia’s biggest oil and gas exporters see revenues slump by 41%

Oil Price


Total revenues for Russia’s largest oil and gas exporters plunged by 41% between January and September compared to the same period last year, due to lower commodity prices and lower exports, Russia’s central bank said on Thursday.

Oil …

Source: Reuters

Activist investor Elliott buys $1-billion stake in U.S. refiner Phillips 66

Oil Price


Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years.

 

Apart from …

November 29, 2023 - 3:30 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News, Finance
Source: Reuters

Cheniere and Foran Energy Group sign long-term LNG sale and purchase agreement

Oil and Gas 360


20-Year SPA is First Contract Expected to Support Second Train of Sabine Pass Expansion Project

HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere …

November 29, 2023 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: Oil Price

ESG loan bubble close to bursting

Oil Price


Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion. But now, as scrutiny comes for sustainability claims with no substance, that market …

November 28, 2023 - 12:30 pm Carbon Capture, Closing Bell Story‎, Energy News, ESG, Finance

Trillion Energy Announces Closing of $10.8 Million Marketed Public Offering

Vancouver, British Columbia–(Newsfile Corp. – November 28, 2023) – Trillion Energy Internationa…

November 28, 2023 - 9:56 am Finance, Press Releases