Saturday, February 1, 2025

Oil Continues to Fall as Supply Concerns Ease

From Reuters Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions. Brent crude LCOc1 was down 10 cents at $74.35 per barrel by 1308 GMT, having fallen earlier by 1.3 percent. It was heading for a weekly fall

Parker Drilling Implements Reverse Stock Split

Parker Drilling Company (NYSE: PKD) announced today that its Board of Directors has voted to implement a previously-approved reverse stock split and adopt a short-term shareholder rights plan. Reverse Stock Split The reverse stock split at a ratio of 1 for 15 will be effective when the markets open on July 27, 2018, at which time the Company’s common stock

Comstock Resources, Inc. Announces $850 Million Private Offering of Senior Unsecured Notes Due 2026

Comstock Resources, Inc. (NYSE: CRK) announced today that, subject to market and other conditions, its wholly-owned subsidiary Comstock Escrow Corporation intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended, $850.0 million in aggregate principal amount of senior unsecured notes due 2026. The gross proceeds of the

Marathon Petroleum Corp. SVP to Retire

Marathon Petroleum Corporation (NYSE: MPC) today announced the retirement of Thomas M. Kelley, senior vice president, Marketing, effective Oct. 1, 2018. “Tom’s dedication, insight and business acumen have been tremendous assets throughout his 37-year career,” said MPC Chairman and Chief Executive Officer Gary R. Heminger. “He has played a particularly influential leadership role in growing our marketing organization, and his

Liquefied Natural Gas Plant, Australia

Piedmont Natural Gas Bringing New LNG Facility to North Carolina

Piedmont Natural Gas (NYSE: PNY) today announced plans to build and operate a liquefied natural gas (LNG) facility in Robeson County, N.C. The facility will help Piedmont Natural Gas continue providing customers with a reliable supply of natural gas during peak usage days, when extremely low temperatures create a higher-than-normal demand for natural gas. “We continually make investments in our