Post Tagged with: "Debt"

Sabine Pass LNG

Cheniere Plans to Pay Off $2.8 Billion in Debt

Cheniere aims at credit due before 2020

Cheniere Energy (ticker: LNG, Cheniere.com) announced that it has engaged 13 financial institutions in order to structure and arrange senior secured credit facilities in an aggregate principal amount of up to approximately …

January 25, 2016 - 6:16 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Insuring Saudi Debt is Expensive, On Par with Junk-Rated Portugal

Insuring Saudi Debt is Expensive, On Par with Junk-Rated Portugal

The cost of insuring Saudi debt more than doubled in the last 12 months

Investors looking for security on Saudi Arabia’s debt are looking at rates similar to what they would pay for Portugal, which carries a junk credit-rating, seven …

January 13, 2016 - 5:51 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles, OPEC
Goodrich Petroleum Strikes Debt Exchange Deal

Goodrich Petroleum Strikes Debt Exchange Deal

Goodrich Petroleum (ticker: GDP) reorganized its debt structure on September 2, 2015 in an effort to enhance near-term liquidity. The terms, as explained in a company-issued news release, include replacing its initial loan of $55 million in 5% senior convertible …

China Extends $5 Billion Debt Lifeline to Venezuela

China Extends $5 Billion Debt Lifeline to Venezuela

Talking to Putin Tomorrow to Figure Out How to Stabilize Oil Prices

Venezuela has struck a deal with China, its most generous creditor in recent years, for $5 billion designed to increase oil production in the coming months. Venezuela President …

Puerto Rico nears default as debt restructuring beckons

Via Reuters

Puerto Rico’s expected default on debt due Saturday would be the start to what could end up becoming one of the largest municipal restructurings, with the potential to open the door to a fight with investors and spark

July 31, 2015 - 12:40 pm Energy News
Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Greece’s payment due tomorrow, commodities and markets fall by roughly 2%

Greece is careening closer to default, and the world markets are taking cover.

Brent closed at $61.87 on June 29, 2015, reaching an 11-week low, while West Texas Intermediate …

June 29, 2015 - 6:25 pm Finance, International, Oil and Gas 360 Articles
Capital Markets Remain Hot for Oil & Gas Companies

Capital Markets Remain Hot for Oil & Gas Companies

More than $3.2 billion in capital raises were either announced or closed this week by three separate oil and gas companies. The largest raise comes from SandRidge Energy (ticker: SD) at a price of $1.25 billion of 8.75% senior notes, …

NGP Capital Provides Financing and Guidance to E&Ps in the Capital-Intensive Shale Boom

NGP Capital Provides Financing and Guidance to E&Ps in the Capital-Intensive Shale Boom

Spending by exploration and production companies is expected to reach record highs in 2014, according to reports from Barclays. Capital directed at North American shale plays is expected to rise due to tumultuous environments overseas, further fueling the United …

October 2, 2014 - 6:47 pm Oil and Gas 360 Articles

Chesapeake Energy Corp. CEO McClendon Hanging Up the Drill Bit

Chesapeake Energy (CHK) formally announced founder, and current president and chief executive officer Aubrey McClendon will retire effective April 1, 2013. At age 53, McClendon was with the company for 24 years since its inception in 1989 with fellow partner …

January 30, 2013 - 6:05 pm Oil and Gas 360 Articles