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Financials and Investment News

£8 million ($9.8 million) Expansion to Existing Convertible Loan Facility
Bahamas >> 3/17/2020 - Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas ("The Bahamas"), is pleased to announce that it...
Hess Announces Reduction to 2020 Capital & Exploratory Budget
United States >> 3/17/2020 - Hess Corporation announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion. The company also announced a new $1.0 bil...
Pioneer Announces 2020 Capital Spending Reduction
United States >> 3/16/2020 - Pioneer Natural Resources Company is taking decisive action in response to lower oil prices and global macroeconomic uncertainty. Pioneer is reducing its 2020 drilling, completion and facilities capit...
ExxonMobil Evaluating Capital & Operating Expense Reductions
United States >> 3/16/2020 - ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases, the company said today. ...
Premier Oil Announces Trading Update
United Kingdom >> 3/13/2020 - Following the announcement of Premier’s 2019 Full Year Results last week, the Group provides the following trading update in light of the current market volatility. ...
Fundraising Update and Total Voting Rights
United Kingdom >> 3/13/2020 - Ascent Resources Plc the onshore European independent oil and gas exploration and production company announces the following update to the fundraising announced on 14 February 2020. ...
Mosman Conducting Full Review of All Operations
Australia >> 3/12/2020 - Mosman Oil and Gas Limited, the oil exploration, development and production company, provides the following update to operations. ...
Horizon to Manage Current Volatile Oil Price Environment
Australia >> 3/12/2020 - Horizon Oil is well placed to manage its way through the current volatile oil price environment. ...
Husky Cuts 2020 Spending By $1 Billion
Indonesia >> 3/12/2020 - Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. ...
MRO Announces $500M Reduction to 2020 Capital Budget
United States >> 3/10/2020 - In light of the dramatic fall in commodity prices, Marathon Oil has announced an immediate capital spending reduction of at least $500 million relative to its previously communicated 2020 capital spen...
Panoro Energy Provides Corporate Update
Gabon >> 3/10/2020 - Panoro Energy ASA provides a corporate update in the current low oil price environment: ...
Occidental Reduces Dividend and Capital Spending
United States >> 3/10/2020 - Occidental Petroleum Corporation announced that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. The compan...
PetroTal Provides Liquidity Update
Peru >> 3/10/2020 - PetroTal Corp., the Peruvian focused E&P company, notes the following in relation to the global retraction in oil prices, and global market decline. All currency amounts are in United States dollars. ...
Bahamas Petroleum Announces Funding Strategy Update
Bahamas >> 3/9/2020 - Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to provide the following update in rela...
Tower Announces Placing to Raise GBP500,000
United Kingdom >> 3/9/2020 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce a placing of 138,666,666 million Ordinary Shares comprising 133,333,333 Ordinary Shares (the "P...
Investigation into OPL 310 Facility Agreement
Nigeria >> 3/2/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces the results of the investigation into the origination and execution of the loan agreement,...
TouchstoneCcloses $11.6 million Private Placement
Trinidad and Tobago >> 2/20/2020 - Touchstone Exploration Inc. announces that further to the Company's announcement on February 19, 2020 regarding the proposed placing (the "Placing"), the Company has placed 22,500,000 new common share...
Borr Drilling Enters New Financing Arrangement for Newbuild Jack-up Drilling Rig
Bermuda >> 2/17/2020 - Borr Drilling Limited has entered into a new financing arrangement for the newbuild jack-up rig Tivar, scheduled to be delivered from the yard in July 2020. The existing US$50 million bank delivery fi...
Equity Placing and Conversion of Shareholder Loans
Ireland >> 2/17/2020 - Lansdowne Oil & Gas plc has raised £488,000 by way of a placing of 81,333,333 new ordinary shares of 0.1 pence each (the "Placing Shares") with existing investors (the "Placees") at a placing price of...
Seabird Announces Uupdate on Strategy & Financing
Cyprus >> 2/17/2020 - In reference to the Strategy Update released on November 7th last year, Seabird Exploration Plc announces the following: ...

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