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Financials and Investment News in United States

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...
Hercules Offshore to File for Bankruptcy a Second Time
5/27/2016 - Hercules Offshore Inc planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restruc...
Brent Oil Breaks above $50 for First Time in Seven Months
5/26/2016 - Oil prices hit $50 a barrel for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add t...
US Consumers Continue to Take Advantage of America’s Energy Revolution
5/26/2016 - U.S. consumers continue to take advantage of America’s energy revolution and affordable gas prices as we head into the summer driving season, said API Chief Economist Erica Bowman on a conference call...
API Welcomes 2016 National Energy Discussion
5/26/2016 - API Executive Vice President Louis Finkel said the industry is glad to see energy become a part of the national discussion because it’s important to consumers, the economy, and our national security. ...
Baker Commences Tender Offers for Certain Outstanding Debt Securities
5/25/2016 - Baker Hughes Incorporated has commenced a tender offer to purchase for cash up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior ...
McDermott Announces Completion of Amendment to Extend Senior Secured Credit Agreement
5/16/2016 - McDermott International, Inc. (MDR) has satisfied all conditions to the amendment to the Company’s Senior Secured Credit Agreement (“Amendment No. 3”) which in part extends the maturity date of the le...
Halliburton to Redeem $2.5 Billion in Senior Notes
5/6/2016 - Halliburton Company announced that, in connection with the previously announced termination of the merger agreement between Halliburton and Baker Hughes Incorporated, it will redeem the entire outstan...
WPX Energy Secures $1.2 Billion Credit Facility
3/18/2016 - WPX Energy has amended and restated its revolving credit facility. WPX received total commitments of $1.2 billion on a senior secured facility, with an initial borrowing base of $1.025 billion. The re...

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