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Financials and Investment News in United States

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...
Hyperdynamics to Increase Number of Shares
11/29/2016 - Hyperdynamics Corporation announced that at the Special Meeting of Stockholders held today, stockholders approved an increase in the number of authorized shares of HDYN common stock from 43,750,000 to...
ION Announces Order in WesternGeco Patent Infringement Lawsuit
11/18/2016 - ION Geophysical Corporation announced that on November 14, 2016, the trial court issued an order in the previously-reported lawsuit of WesternGeco L.L.C. v. ION Geophysical Corporation that reduced th...
Weatherford Announces Private Offering of $500 Million
11/15/2016 - Weatherford International plc (Weatherford) announced the launch of a private offering (the "Offering") of $500 million aggregate principal amount of senior notes due 2024 (the "Notes") to qualified i...
US Stock Movements - October 2016
US Stock Movements - October 2016 11/1/2016 - Preliminary data for September shows that total commercial oil stocks in the US fell by 11.2 mb, reversing the build of the last two months, to settle at 1,379.7 mb, which is around 74 mb, or 5.6%, ab...
Chevron Reports Third Quarter Net Income of $1.3 Billion
10/28/2016 - Chevron Corporation reported earnings of $1.3 billion ($0.68 per share – diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share – diluted) in the third quarter of 201...
88 Energy Announces Placement to Raise A$11 Million
10/25/2016 - 88 Energy Limited (88 Energy) has reached agreement (subject to settlement) regarding a placement to raise gross proceeds of A$11m (before fees and expenses) to two US-based institutional investors (t...
Saudi Aramco Denies $1bn Bid for Lyondell's Houston Refinery
10/23/2016 - Saudi Arabian state oil giant Saudi Aramco [IPO-ARMO.SE] denied it had bid for the purchase of LynodellBasell Industries NV's [LYB.N] refinery in Houston. ...
Tidewater Receives Limited Waiver Extensions from its Lenders & Noteholders
10/21/2016 - Tidewater Inc. (TDW) has been in discussions with its principal lenders and noteholders to amend the company's various debt arrangements to obtain relief from certain covenants. Pending the resolution...
Aegean Renews its $1 Billion Secured Global Borrowing Base
9/20/2016 - Aegean Marine Petroleum Network Inc. (Aegean) has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility (the "Global Borrowing Base"). The vast majo...
EOG Resources Acquires Yates in Transaction Valued at $2.5b
9/6/2016 - EOG Resources, Inc. (EOG) and Yates Petroleum Corporation announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Indust...
“For The Love of Oil”…… a Book by J-Servais
“For The Love of Oil”…… a Book by J-Servais 7/20/2016 - After working more than 50 years in the Oil and Gas industry J.Servais wrote the book ‘For The Love Of Oil’, to avoid human mistakes that resulted in major disasters such the Piper Alpha or the Gulf o...
Brent Crude Tumbles to Seven-Week Low on Dollar Rally
6/27/2016 - Crude prices tumbled nearly 3 percent on Monday, with Brent hitting seven-week lows, as a rallying dollar and market uncertainty over Britain's shocking vote to exit the European Union threatened to s...
Oil Falls on U.S. Crude Build and Brexit Risk
6/15/2016 - Oil prices fell about 2 percent in extended trading on Tuesday as data showed a surprise build in U.S. crude inventories last week, adding to the market's nervousness around Britain's vote next week o...

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