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Financials and Investment News

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...
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...
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...
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: ...
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...
Mosman Oil and Gas Raises GBP 300,000 via Placing
United States >> 2/14/2020 - Mosman Oil and Gas Limited the oil exploration, development and production company, announces that the Company has raised £300,000 (before expenses) (the "Fundraising") to fund the delivery of its Ref...
Bahamian Mutual Fund Update
Bahamas >> 2/14/2020 - 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 rega...
Zenith Announces Private Placement to Raise Gross Proceeds of up to GBP 300,000
United Kingdom >> 2/13/2020 - Zenith Energy Ltd., the international oil & gas production company, plans to issue up to 20,000,000 new common shares (“Private Placement”) to existing UK institutional shareholders, as well as a sele...
TGS Announces Strong Cash Flow & 39% Dividend Growth
United States >> 2/12/2020 - TGS reported net segment revenues of USD 232 million for Q4 2019, a growth of 23% compared to USD 188 million in Q4 2018. The strong performance was mainly driven by improved sales momentum in Latin A...
InfraStrata Acquires Asset Backed Term Debt Facility
United Kingdom >> 2/10/2020 - InfraStrata, the UK quoted company focused on strategic infrastructure projects and physical asset life-cycle management, is pleased to announce that its subsidiary, Harland and Wolff (Belfast) Limite...
President Proposes $188.8M in Fiscal Year 2021 for BOEM
United States >> 2/10/2020 - President Trump proposed a $188.8 million Fiscal Year (FY) 2021 budget for BOEM to safely and responsibly manage offshore energy and mineral resources. ...
Impact Oil & Gas Announces Capital Raising of $40million
Namibia >> 2/7/2020 - Impact Oil & Gas Limited, the privately-owned, African-focused exploration company, is pleased to announce that it has secured funds, with gross proceeds of approximately USD 40 million, by way of an ...
DNO Reports Record Revenues, Production; Steps Up Returns to Shareholders
Norway >> 2/6/2020 - DNO ASA, the Norwegian oil and gas operator, reported interim 2019 revenues of USD 971 million, the highest in the Company's 48-year history, on the back of acquisitions and a record drilling campaign...
Wood Reaches Agreement to Sell Industrial Services Business
United Kingdom >> 2/5/2020 - John Wood Group PLC announces the sale of its industrial services business to technical services provider, Kaefer, for an initial cash consideration of circa $104 million and a further potential payme...
Solo Oil Provides Update on Proposed Transaction with ONE Dyas
Netherlands Antilles >> 2/4/2020 - Solo, the AIM investing company, targeting attractive production and development opportunities within the European gas market, announces that, further to the update provided by the Company on 20 Decem...
NASCO Completes Investment Grade Refinance
United States >> 2/4/2020 - NASCO Energie & Rohstoff AG (NASCO), has completed a securitization transaction to refinance the debt secured by its helium assets at DBK Field in Arizona. The $83 million securitization transaction f...

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