Sunday, November 24, 2024

Halliburton Raising $7.5 Billion, Baker Hughes Merger Talk Heats Up

Capital will be raised in Five Tranches Advocates for the highly scrutinized merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) possibly received the most positive news to date in a news release issued on November 5, 2015. Halliburton, the world’s second largest oilservice provider by market capitalization, will issue a total of $7.5 billion in senior notes to

Hercules Offshore, Inc. Emerges from Bankruptcy

Hercules Offshore, Inc. (Nasdaq: HERO) (the “Company” or “Hercules”) announced today that it has completed its financial restructuring and emerged from Chapter 11, and funding of the Company’s new $450 million senior secured credit facility has been completed. “Today marks the beginning of a new chapter for Hercules. Proactively restructuring our balance sheet early in the cycle generated significant benefits for

Zoellick: Obama’s Middle East Escapism

Commentary by Richard Zoellick, Special to The Wall Street Journal Secretary of State John Kerry’s new diplomatic process for dealing with Syria’s harrowing civil war involves convening a series of talks in Vienna. The effort is probably well-intentioned. But I cannot conceive of what he expects to accomplish. Does anyone really believe that Syria can be put back together again

Keystone rejection expected to spur more crude-by-rail shipping into the U.S.

Story by The Calgary Herald Rejection of the Keystone XL pipeline will complicate and add cost to getting western Canadian oil to U.S. markets but it isn’t expect to actually prevent any shipments reaching south of the border, observers say. The decision announced Friday by U.S. President Barack Obama was greeted with disappointment by Calgary oil producers, industry insiders and local businesspeople