Post Tagged with: "Finance"

Source: CNBC

Four key risks could make 2021 the toughest year for banks since 2009, says S&P

CNBC


S&P Global Ratings warned that banks could face their toughest year since the aftermath of the global financial crisis, with four key risks hanging over the sector.

The ratings agency currently has a “negative” outlook for about one third …

November 17, 2020 - 2:00 pm Closing Bell Story‎, Finance
President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas
Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel
Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed

Source: Comstock Resources

Ronald Mills Appointed VP of Finance and Investor Relations at Comstock Resources

By Tyler Losier, Energy Reporter, Oil & Gas 360

Comstock Resources appoints Johnson & Rice alum Ronald Mills as its new VP of finance and investor relations
Comstock Resources Inc. (stock ticker: CRK), an independent E&P based out of Frisco,

Halcón Resources Appoints New CFO as Restructuring Process Continues

Halcón Resources Appoints New CFO as Restructuring Process Continues

By Tyler Losier, Energy Reporter, Oil & Gas 360

Halcón Resources selects Ragan T. Altizer as its new EVP, CFO, treasurer
Halcón Resources Corporation (stock ticker: HKRS), currently undergoing Chapter 11 reorganization proceedings, has appointed Ragan T. Altizer as its

Halliburton Lands Nine Contracts for Offshore Project in West Africa

Halliburton Lands Nine Contracts for Offshore Project in West Africa

From The Houston Chronicle


Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa.

Australian exploration and production company Woodside Energy awarded the contracts to Halliburton as …

Cabot Oil & Gas Q2 2019 Results

Cabot Oil & Gas Q2 2019 Results

Cabot Oil & Gas Corporation Reports Second Quarter 2019 Results, Expands Share Repurchase Program Authorization

Source: Business Wire

Wells Fargo Leadership Transitions

Wells Fargo Renewable Energy Leadership Transitions

NextDecade Gets New SVP of Finance

NextDecade Gets New SVP of Finance

Brent Wahl Joins NextDecade as SVP of Finance

Flotek Names New CFO, Makes other Senior Management Changes

Flotek Names New CFO, Makes other Senior Management Changes

Oilfield chemistry provider Flotek Industries Inc. (stock ticker: FTK) has announced changes among its executive leadership team.
CFO
Flotek appointed Elizabeth T. Wilkinson CFO, effective December 28, 2018. She will serve as the senior executive responsible for financial strategy, planning

December 27, 2018 - 4:12 pm Closing Bell Story‎, Corporate Governance
Phillips 66 Partners Taps New MLP COO

Phillips 66 Partners Taps New MLP COO

Phillips 66 Partners (stock ticker: PSXP) named Rosy Zuklic its VP and COO, effective January 1, 2019.

Tom Liberti, current VP and COO of Phillips 66 Partners, has elected to retire at the end of the year, after 18 years.

December 7, 2018 - 3:30 pm Closing Bell Story‎, Corporate Governance
World Bank to Issue the Financial Industry’s First ‘Blockchain Bond’

World Bank to Issue the Financial Industry’s First ‘Blockchain Bond’

The World Bank and Commonwealth Bank of Australia bond, knows as the ‘Bondi,’ will go on sale later this month and aims to raise about $70 million

From Asia Times

The World Bank has mandated the Commonwealth Bank of Australia …

August 10, 2018 - 2:36 pm Closing Bell Story‎, Energy News, Finance
Dominion Energy Cove Point Construction

Wells Fargo Securities Hires Scott Van Bergh as Vice Chairman of Energy & Power Investment Banking

Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company (NYSE: WFC), announced today that Scott Van Bergh has joined as vice chairman in the Energy & Power Investment Banking group. Van Bergh will provide …

July 24, 2018 - 2:14 pm Closing Bell Story‎, Energy News, Finance
Piattaforma in produzione

BlackRock Plans its Largest Ever Alternative Investment Fundraise; It’s for Energy Infrastructure

The needs are just getting bigger: Florian

From Reuters

BlackRock Inc (BLK.N) is planning to raise $3.5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet, an executive at the world’s …

July 12, 2018 - 12:51 pm Closing Bell Story‎, Energy News, Finance
Icahn Cuts Stake in Cheniere Energy, Remains Confident in Management

Icahn Cuts Stake in Cheniere Energy, Remains Confident in Management

From Reuters

Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc (LNG.A) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer …

June 28, 2018 - 12:14 pm Closing Bell Story‎, Energy News, Finance
Keyera Corp. Offers $400 Million of Senior Unsecured Notes

Keyera Corp. Offers $400 Million of Senior Unsecured Notes

Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has closed its previously announced offering of  $400 million of senior unsecured medium term notes (the “Offering”). The Offering was conducted in a single tranche consisting of $400 million senior unsecured medium …

June 21, 2018 - 12:58 pm Closing Bell Story‎, Energy News, Finance
Tellurian Closes Common Stock Offering

Tellurian Closes Common Stock Offering

Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it has closed its previously announced public offering of 12,000,000 shares of common stock. Net proceeds from the offering, after deducting estimated fees and expenses, were approximately $115.1 million. …

June 21, 2018 - 12:52 pm Closing Bell Story‎, Energy News, Finance
Frontera Energy Announces Pricing of $350 Million Senior Unsecured Notes

Frontera Energy Announces Pricing of $350 Million Senior Unsecured Notes

Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company”), announced today that it has successfully priced an offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% (the “Notes”) pursuant to Rule 144A and …

June 21, 2018 - 12:45 pm Closing Bell Story‎, Energy News, Finance
Cheniere Energy to Acquire Cheniere Partners; Charters an LNG Carrier

Cheniere Energy to Acquire Cheniere Partners; Charters an LNG Carrier

Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 …

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Acquires Assets from Bankrupt Enduro; Evolution CEO Randy Keys to Retire

Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on …

OXY’s New Mexico Permian Wells Coming in with IP-30s of 3,100 BOEPD

OXY’s New Mexico Permian Wells Coming in with IP-30s of 3,100 BOEPD

Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 …

Noble Earns $554 Million in Q1

Noble Earns $554 Million in Q1

Noble Energy, Inc. (ticker: NBL) started off 2018 by reporting first quarter net income of $554 million, or $1.14 per share. Adjusted net income and adjusted net income per share attributable to Noble for the quarter was $172 million, or …

Courtesy of Encana

Encana Sees 30% Growth within Cash Flow

Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017.

Encana’s …

Oilfield Services and Midstream Bankruptcies

Oilfield Services and Midstream Bankruptcies

Oilfield services bankruptcies since early 2015 have reached $58.5 billion: Haynes and Boone

less damage to midstream sector

Oilfield services

International corporate law firm Haynes and Boone has been tracking and reporting industry developments in oilfield service restructurings. The firm’s …

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

Debt involved in oil and gas company bankruptcies since 2015 totals $90 billion

International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015.

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

These …

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.

Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam …

What’s Worth More to the State of Texas—Land or Oil?

SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction

Out of the Williston

Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not …

Bellatrix Starts Phase 2 at Adler Flats

Bellatrix Starts Phase 2 at Adler Flats

More than doubling throughput capacity, Bellatrix Exploration Ltd.’s (ticker: BXE) O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats can now process 230 MMcf/d. The Adler Flats Plant was fully commissioned in mid-March and began selling volumes on March 19, 2018. …

Strategic Oil & Gas Ltd. Reports 2017 Results

Strategic Oil & Gas Ltd. Reports 2017 Results

Northern Alberta operator Strategic Oil & Gas Ltd. (ticker: SOG) has posted Q4 and full year 2017 results. The company had a net loss of $41.3 million, or $(0.89) per share in Q4 2017. For 2017, Strategic had a net …

Oil Hedges: Brazil and Mexico

Oil Hedges: Brazil and Mexico

Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …