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Financials and Investment News in United States

TC Energy Keystone XL Pipeline Moves Forward after Alberta Commits $1.1B
3/31/2020 - TC Energy Corp would proceed with its $8 billion Keystone XL pipeline with financial backing from the oil-rich province of Alberta, pushing the long-delayed project forward amid a global oil market co...
ConocoPhillips Responds to Recent Oil Market Downturn
3/18/2020 - ConocoPhillips is taking several actions in response to the recent oil market downturn. ...
Hess Announces Reduction to 2020 Capital & Exploratory Budget
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...
ExxonMobil Evaluating Capital & Operating Expense Reductions
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. ...
Pioneer Announces 2020 Capital Spending Reduction
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...
MRO Announces $500M Reduction to 2020 Capital Budget
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
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...
Mosman Oil and Gas Raises GBP 300,000 via Placing
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...
TGS Announces Strong Cash Flow & 39% Dividend Growth
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...
President Proposes $188.8M in Fiscal Year 2021 for BOEM
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. ...
NASCO Completes Investment Grade Refinance
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...
Occidental Announces Successful Strategic and Financial Initiatives
1/6/2020 - Occidental Petroleum Corporation provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of An...
Byron Acquires Funds for Construction of Production Platform at SM58
12/4/2019 - Byron Energy has signed a binding Secured Promissory Note with Crimson Midstream Operating, a portfolio company of The Carlyle Group, to borrow an initial amount of US$15.0 million. The first tranche ...
McDermott to Access $350M Tranche B Financing Under Superpriority Senior Secured Credit Facility
12/2/2019 - McDermott International, Inc. has been granted access to the second tranche ("Tranche B") of the $1.7 billion superpriority senior secured credit facility (the "Agreement") announced on October 21, 20...
Pacific Drilling Announces Third-Quarter 2019 Results
11/5/2019 - Pacific Drilling S.A. (PACD) reported results for the third quarter of 2019. Net loss for third-quarter 2019 was $90.8 million or $1.21 per diluted share, compared to net loss of $73.6 million or $0.9...
NextDecade Announces US$50 Million Investment by Mubadala
10/24/2019 - NextDecade Corporation (NextDecade) (NEXT) and Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, announced that they have reached agreement for Mubadala to purchase US$50...
McDermott International Enters into Agreement for up to $1.7 Billion of New Financing
10/21/2019 - McDermott International, Inc. (MDR) (collectively with its subsidiaries, the "Company") today announced that it has entered into an agreement (the "Agreement") with certain of its secured lenders (the...
BP to Deliver Around $10b of Divestment Proceeds
10/11/2019 - BP now expects to deliver divestment proceeds and announced transactions totalling around $10 billion by the end of 2019, comprising the majority of its two-year divestment programme planned to comple...
Pemex Announces a Transaction to Repay and Refinance Debt
9/11/2019 - Pemex announced today a series of measures intended to improve its financial condition. This operation considers a capital contribution from the Federal Government equivalent to 5 billion US dollars t...
Mosman Provides Update on Champion Project
8/20/2019 - Mosman Oil and Gas Limited (MSMN) the oil exploration, development and production company, advises an update on the Champion Project. Currently Mosman owns a 60% working interest in the Champion Proj...

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