Saturday, October 19, 2024

Northern Oil and Gas Announces Acquisition and Debt Reduction

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into a definitive agreement to acquire producing assets in the Williston Basin of North Dakota. Separately, Northern has entered into another negotiated exchange agreement with an institutional holder (the “Investor”) of its 8% senior unsecured notes due 2020 (the “Notes”). Highlights Acquisition includes current estimated production

Transocean Offers $700 Million of Secured Notes and Closes $1 Billion Credit Facility

Transocean Ltd. (NYSE:RIG) announced today that Transocean Guardian Limited (“Transocean Guardian”), a wholly owned indirect subsidiary of Transocean, commenced a private offering of senior secured notes. Transocean Guardian intends to offer U.S. $700 million in aggregate principal amount of senior secured notes due 2024 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be guaranteed by

Inside the Failed Plot to Overthrow Venezuelan President Nicolás Maduro

From Bloomberg The plot, code-named Operation Constitution, involved scores of captains, colonels, and generals from all four branches of Venezuela’s armed forces. The goal was straightforward and seismic—to capture President Nicolás Maduro and put him on trial. The plotters, wearing blue armbands marked OC, were supposed to storm the presidential palace and main military base and stop the May 20

Exide Industries, India's largest manufacturer of batteries, and Leclanché announce the launch of a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India's electric vehicle market

Exide Industries, India's largest manufacturer of batteries, and Leclanché announce the launch of a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India's electric vehicle market

VRB Energy signs Strategic Cooperation Framework Agreement with Pangang Group Vanadium and Titanium Resources, the world's largest vanadium oxide producer; Agreement includes long-term supply and leasing of vanadium electrolyte, and joint development of the global vanadium flow battery industry

VRB Energy signs Strategic Cooperation Framework Agreement with Pangang Group Vanadium and Titanium Resources, the world's largest vanadium oxide producer; Agreement includes long-term supply and leasing of vanadium electrolyte, and joint development of the global vanadium flow battery industry

Weekly Oil Storage: Massive Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 9,891 MBBL last week to 416,636 MBBL from 426,527 MBBL. This is 18% below the 509,213 MBBL that was in storage at this point last year, and is 3% below the five-year

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