More Oil Capital News
Helmerich & Payne to sell portion of equity portfolio holdingsHelmerich & Payne Inc. has agreed to sell four million shares of Atwood Oceanics Inc. (ATW). Following completion of the sales, the company's equity portfolio holdings will include four million ATW shares and 967,500 Schlumberger Limited (SLB) shares. |
Analyst to Australia's LNG investors: Don't expect government relief in face of soaring costsWhile the Australian LNG sector has massive financial potential, ballooning development costs, driven by the prodigious strength of the Australian dollar, are continuing to chip away at profit forecasts. But despite the emergence of such a challenging macroeconomic environment, the national government is unlikely to offer concerned investors any respite, says an energy expert with research and consulting firm GlobalData. |
Tailwater Capital spins out of HM Capital with $425 million fundTailwater Capital, a newly formed Dallas-based private equity firm, has partnered with Landmark Partners to complete the secondary purchase of oil and gas investments from HM Capital. |
Warren Resources increases capital budget to drill 25 new Wyoming CBM wellsWarren Resources Inc. (Nasdaq:WRES) is increasing its 2013 capital expenditure budget by $15 million to $73 million. |
Outlook on US exploration and production industry remains stable, says reportMost rated US exploration and production (E&P) issuers continue to carry stable outlooks and will continue to remain stable at least for the remainder of this year, said Standard & Poor's Ratings Services in an industry report card published May 17, 2013, titled "Outlook On US Exploration And Production Industry Remains Stable On Strong Oil Prices." |
US Government fiscal year 2014 budget: Impact on oil and gas industryOn April 10, 2013, the Obama administration (Administration) released the Fiscal Year 2014 Budget of the US Government (Budget). Ernst & Young LLP discusses some of hte direct and indirect impacts on the oil and gas industry. |
Resolute Energy prices common stock offeringResolute Energy Corp. (NYSE: REN) has priced its previously announced registered underwritten public offering of 13,250,000 shares of common stock offered by the company and 3,000,000 shares of common stock offered by certain selling stockholders. |
Dana Gas completes US1B Sukuk restructuringDana Gas PJSC, a large independent oil and gas company in the UAE, has completed the restructuring of its US$1 billion Trust Certificates (sukuk al-mudarabah). |
Peoples Bank establishes energy departmentOhio-based Peoples Bank has established a new department focused exclusively on providing financial services to upstream (exploration/production) and midstream (transportation/storage/ marketing) energy companies. |
Foreign buyers prop up M&A activity as private equity pauses during 1Q13PwC US notes that first-quarter deal volume and value increased year over year, and shale deals comprised 46% of total deal volume. |
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