Saturday, February 22, 2025

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

Story by Bloomberg Schlumberger Ltd. must satisfy a list of conditions, in part linked to sanctions, to gain approval for its $1.7 billion bid to buy Russia’s largest oil driller. Russia’s commission on foreign investment will meet the U.S. oil-services company to go through the conditions in the next 10 days, Igor Artyemev, head of Russia’s anti-monopoly service, said Thursday

Spark Energy, Inc. Reports Full Year and Fourth Quarter 2014 Financial Results, Provides 2015 Update

Spark Energy, Inc. (SPKE), a Delaware corporation (“Spark”), today reported financial results for the year ended December 31, 2014. For 2014, Adjusted EBITDA was $11.3 million and Retail Gross Margin was $76.9 million on revenue of $322.9 million, compared to Adjusted EBITDA of $33.5 million and Retail Gross Margin of $81.7 million for 2013. We invested $26.2 million in organic

Whiting Petroleum – Done Funded, Drilling Ahead

Whiting Petroleum (ticker: WLL), the largest E&P producer in the Williston Basin, shored up its balance sheet this week with a series of debt and equity raises. The deals include: Public offering of 35 million shares of common stock at $30.00/share for proceeds of $1.0 billion after deducting underwriter’s discounts and commissions. The underwriter has a 30-day option to purchase

Horizontal drilling operations Encana - Oil & Gas 360

Maryland House Votes in Favor of Fracing Moratorium

Both the Maryland House and Senate pass bills restricting hydraulic fracturing Both chambers of the Maryland General Assembly passed separate bills Tuesday aimed at curbing hydraulic fracturing in the state. The measures are the most aggressive action the legislature has taken against fracing to date, reports The Baltimore Sun. The Maryland House of Delegates passed a three-year ban on fracing