Investors – Page 3 – Oil & Gas 360

Exclusive: International lenders back $9.5 billion financing for Russia’s Arctic LNG 2 – document

September 18, 2020

Reuters LONDON – International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion project, which received final investment approval a year ago, is expected to be launched in 2023 and

40% of companies discussed diversity on earnings calls, up from 4% in prior quarter, new data shows

August 13, 2020

CNBC Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of the coronavirus pandemic and the civil unrest that’s swept the nation, new data from RBC shows. The firm found that 40% of S&P 500 companies discussed diversity, equality and inclusion policies during second quarter earnings calls, up from 4% in the

Investors in Russian pipeline projects at risk of U.S. sanctions, Pompeo says

July 15, 2020

Reuters WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and Turkey. Pompeo told a news conference that European investors in the Nordstream 2 and a branch of the Turkstream pipelines

‘Disaster’ U.S. earnings loom, but investors try and look beyond

July 9, 2020

Reuters NEW YORK – U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at the end of the tunnel. The season unofficially begins on Tuesday with results from some of the biggest U.S. banks. Analysts expect S&P 500 companies overall

Comstock Resources Announces Common Stock Offering

May 13, 2020

Oil and Gas 360 Frisco, TX, May 13, 2020 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE: CRK) (“Comstock” or the “Company”) announced today that it has commenced an underwritten public offering of 40 million shares of its common stock (the “Common Stock Offering”). Comstock also intends to grant the underwriters a 30-day option to purchase up to 6 million additional

Oil falls on weak economic data, demand concerns

April 17, 2020

CNBC Oil prices fell on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record. U.S. crude for June fell 1%, or 26 cents, to trade at $25.28 per barrel. Brent rose 39 cents to trade at $28.21 per barrel. The

Oil prices on track for biggest weekly fall in four years

February 28, 2020

Reuters LONDON – Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in four years as the global spread of the coronavirus stokes demand fears. Investors are increasingly worried about an economic slowdown weighing on oil demand as the virus spreads beyond its epicentre in China to more

Oil price spike clouds U.S. corporate profit outlook, puts investors on edge

January 9, 2020

Reuters NEW YORK – Investors are worrying that rising energy costs due to an escalating conflict between the United States and Iran that has caused a spike in oil prices will hurt U.S. corporate earnings. Oil prices briefly jumped to four-month highs overnight after Iran launched missiles at U.S.-led forces in Iraq, but retreated after signs that further military action

Aramco listing was delayed to rope in anchor investors: sources

October 22, 2019

Source: Reuters DUBAI/RIYADH (Reuters) – Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters. After a false start last year, preparations gathered momentum this summer with approaches to sovereign wealth funds, rich Saudis and large foreign

Concho Resources and Solaris Water Form JV in the Delaware Basin - Oil & Gas 360

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from Sabalo Energy LLC, concurrent with the execution of a 15-year acreage dedication to provide produced water gathering, disposal and recycling

Forum Energy Technologies Sells Ashtead Technology

August 21, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

August 12, 2019

From Reuters Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war. International benchmark Brent crude settled at $58.57 a barrel, up 4 cents. West Texas Intermediate (WTI) futures settled at $54.93, up 43 cents. Investors were

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