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Financials and Investment News in United States

BOEM Completes Analysis of Royalty Rates for Offshore Oil & Gas Leases
7/6/2017 - BOEM has completed an analysis of our royalty rates and have decided to set the royalty rate at 12.5 percent for leases located in water depths less than 200 meters in the proposed Gulf of Mexico (GOM...
Cook Inlet Federal Lease Sale Yields more than $3m in High Bids
6/21/2017 - Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- today garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off So...
Oil's Price Fall Stalls despite Supply Glut
6/9/2017 - Oil prices steadied after steep falls earlier in the week under pressure from widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent crude oil was up 10 cents at $...
Otto to Raise $8.2 Million for SM-71 Development in GoM
5/29/2017 - Otto Energy Limited (Otto) has entered into binding agreements to raise US$8.2 million via an issue of secured convertible notes (Issue). Terms have been agreed with Molton Holdings Limited, a major O...
EIA Projects Increase in OPEC Net Oil Export Revenues in 2017
5/15/2017 - For 2016, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues (...
Transocean Closes Private Placement of $410m of Secured Notes
5/5/2017 - Transocean Ltd. announced that Transocean Conqueror Limited, one of its indirect subsidiaries (the "Issuer"), closed a private offering of U.S. $410 million in senior secured notes with an annual rate...
ExxonMobil Earns $4 Billion during First Quarter 2017
4/28/2017 - Exxon Mobil Corporation announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity p...
U.S. Shale Drilling Expenditures up in 2015
4/10/2017 - The domestic oil and natural gas industry spent an estimated $122.8 billion in drilling approximately 28,809 oil and natural gas wells in 2015, according to API’s 2015 Joint Association Survey on Dril...
API Releases New Study on Impacts of Restricting Fossil Fuel Production
4/5/2017 - API President and CEO Jack Gerard stressed the need for forward-looking energy policies that embrace the U.S. energy renaissance as API released a new study examining the negative impacts of policies ...
API Welcomes Trump Administration’s Executive Order
3/27/2017 - API President and CEO Jack Gerard called President Trump’s “Energy Independence” executive order an important step forward in restoring common sense regulations that are needed to advance the U.S. ene...
API Welcomes Repeal of Uncertain, Harmful ONRR Valuation Rule
3/24/2017 - API Upstream and Industry Operations Group Director Erik Milito welcomed the Interior Department’s Office of Natural Resources Revenue (ONRR) plan to repeal its regulation on valuing royalties from oi...
Petroleum Demand Last Month Highest for February since 2008
3/23/2017 - Total petroleum deliveries in February moved up 0.1 percent from February 2016 to average 19.7 million barrels per day. These were the highest February deliveries in nine years, since 2008. Compared w...
Chevron Affirms Production, Margins & Cash Flow Growth Plans
3/7/2017 - Chevron Corporation hosted its annual security analyst meeting in New York where executives highlighted the company's growing free cash flow from its advantaged portfolio. ...
North Sea Energy Announces Private Placement to Raise £200,000
3/6/2017 - North Sea Energy Inc. (NSE) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 4,000,000 units (the "Units") at a price of $0.05 per Unit, for gross proceeds of...
InterOil Secures US$470 Million Credit Facility
2/7/2017 - InterOil Corporation has entered into a new US$470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will refinance and replace the existing US$400 ...
Schlumberger Expects Markets Recovery in Late 2017
1/20/2017 - Schlumberger NV said that it does not expect a "dramatic" short-term recovery in international markets, compared with North America where shale producers are already ramping up drilling activity. ...
Halliburton Reaches Settlement in Securities Class Action Lawsuit
12/23/2016 - Halliburton has reached an agreement in principle to settle, without any admission of liability, the Erica P. John Fund class action lawsuit that has been pending in the United States District Court f...
Full & Final Settlement Of Transocean Court Case & Liabilities
12/12/2016 - Lansdowne Oil & Gas plc (Lansdowne), the independent oil and gas company focused on offshore Ireland, has triggered its outstanding option agreement with its major shareholder, and has placed 30,000,0...
Hoegh LNG Prices Upsized Public Offering of 6,000,000 Common Units
12/1/2016 - Hoegh LNG Partners LP (HMLP) has priced a public offering of 6,000,000 common units, representing limited partner interests in the Partnership, at a public offering price of $17.60 per unit. The offer...
Claren Energy Announces Proposed Private Placement
11/30/2016 - Claren Energy Corp. (Claren) proposes to complete a non-brokered private placement financing of 25,000,000 units (each a "Unit") at a price of $0.08 per Unit for gross proceeds of $2,000,000 (the "Off...

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