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  • OIL MARKETS

    Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.

    SECTIONS: OGJ150 | OGFJ100P
    COMPANIES | OIL MARKET WATCH

    First Reserve

    First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest and largest private equity fund dedicated to investments in the energy sector.

    News, Products and Stock Info

    First Reserve acquires Dixie Electric from One Rock Capital Partners

    12/19/2013 First Reserve, a large global private equity firm exclusively focused on energy, through First Reserve Fund XII, has acquired Dixie Electric LLC from private investment company One Rock Capital Par...

    First Reserve makes senior promotions

    12/12/2013

    First Reserve, a large global private equity firm exclusively focused on energy, has promoted two senior investment professionals within the Buyout Funds team.

    First Reserve to inject $9B into energy industry

    04/27/2009 In arguably one of the biggest financial transactions seen since before the credit crisis, energy industry investor, First Reserve Corp., has formed First Reserve Fund XII, a $9 billion private equ...

    First Reserve establishes $9 billion private equity fund for energy investment

    04/20/2009 First Reserve Corp. has formed a $9 billion fund, First Reserve Fund XII LP, to make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global...

    Tupi first oil claimed as trophy by Brazil's President Lula

    02/11/2009 What better day than Labor Day (May 1) for President Luiz Inacio Lula da Silva, a former lathe operator and union leader, to celebrate initial production of the largest field discovered in the Amer...

    Stephens expands energy investment banking

    02/11/2009 Stephens Inc., a full-service investment banking and brokerage firm, has expanded its investment banking group. Six professionals, hailing from Energy Capital Solutions LP, will spearhead Stephens ...

    Denbury divests 60% of Barnett shale assets to Talon

    02/11/2009 Denbury Resources Inc. will sell 60% of its Barnett Shale natural gas assets for $270 million to Talon Oil & Gas LLC, a privately-held company.

    Berry Petroleum to make $300 million senior note offering

    02/11/2009 Independent oil and gas production and exploitation company Berry Petroleum Co. expects to publicly offer $300 million aggregate principal amount of senior notes due 2014 and intends to use the net...

    Houlihan Smith advises sale of Western Iowa Energy, Central Iowa Energy to Renewable Energy Group

    02/11/2009 Houlihan Smith & Co. Inc. acted as the exclusive financial advisor to Western Iowa Energy LLC and Central Iowa Energy LLC, in their sale to Renewable Energy Group.

    First Reserve Website

     

    https://www.firstreserve.com/

    OGJ150

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

    OGFJ100P

    LLOG makes deepwater Gulf of Mexico discovery

    Oct 23, 2014 Covington, LA-based LLOG Exploration and its partner, Ridgewood Energy, drilled a successful exploration test at the Mississippi Canyon 79 “Otis” p...

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

    Oil & Gas Companies

    NZEC to close Vancouver office, focus on New Zealand upstream assets

    New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company registration and incorporation.

    CNOOC starts production on oil project in South China Sea

    CNOOC Ltd. reports that the Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District Joint Development Project has begun production.

    Cue farms-in for stake in Mahato PSC in Sumatra

    Cue Energy Resources Ltd. reports the execution of a farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte Ltd. to acquire a 12.5% participating interest in the Mahato production sharing contract onshore Central Sumatra, Indonesia.

    Halliburton awarded mature field contracts from Petroamazonas

    Halliburton has signed long-term contracts with Ecuador's Petroamazonas to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio, and Victor H...

    Gulf’s operations in China now called Gulf Oil China

    Gulf’s program for growth in China has reached another landmark stage, with the redefining of its operations in China under a new name: Gulf Oil (China) Co. Ltd.  

    Parkmead discovers gas field in Netherlands

    The Parkmead Group reports that a new gas field has been discovered in the Netherlands by the Group’s latest exploration well.

    Egypt signs exploration agreements

    Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, according to Reuters. The agreements cover seven exploration areas.