Perella Weinberg to expand into oil and gas industry HOUSTON, Nov 14 (Reuters) – New York-based investment bank Perella Weinberg Partners LP said on Monday it would buy energy boutique bank Tudor, Pickering, Holt and Co, in a deal that boosts its scale and helps it expand into the oil and gas industry. Terms of the […]
Perella Weinberg buys energy investment bank Tudor Pickering Read More »
Industry is undergoing shift from exploration to development and now asset optimization Just days after speculation began, GE announced its intention to merge its oil and gas business with oilfield services giant Baker Hughes, according to Wood Mackenzie. This merger will join the two companies’ complementary strengths, and GE and Baker Hughes cite an estimated
Go big or go home: GE and Baker Hughes merge – Wood Mackenzie Read More »
Philadelphia Energy Solutions purchased by Carlyle Group in 2012 By Jarrett Renshaw and Jessica Resnick-Ault NEW YORK, Nov 7 (Reuters) – A deal struck in 2012 to save the Philadelphia Energy Solutions refinery seemed to have all of the right elements for success: private investors, big oil and taxpayer funding, and the promise of a
Philadelphia Energy Solutions refinery reels as investors profit Read More »
PDVSA deal with DP Delta Finance and India’s ONGC Videsh Ltd. By Deisy Buitrago CARACAS, Nov 4 (Reuters) – Venezuelan state oil company PDVSA on Friday signed financing deals totalling nearly $1.45 billion with a local firm and India’s ONGC Videsh Limited to raise production at joint venture operations. DP Delta Finance, led by the owner
PDVSA inks $1.45 billion in financing to boost oil output Read More »
HollyFrontier Q3: Refiner processed 456,740 b/d in Q3 Nov 3 (Reuters) – HollyFrontier Corp reported a better-than-expected quarterly profit on Thursday as a dip in costs helped soften the impact of a steep decline in refining margins. Crack spreads – the difference between the prices of crude oil and refined products – have shrank sharply
HollyFrontier Q3 profit beats as cost cutting offsets weak margins Read More »
Apache says cost-cutting measures helped offset low oil prices Nov 3 (Reuters) – Oil and gas producer Apache Corp reported a smaller-than-expected quarterly loss as the company’s cost-cutting measures helped offset weak oil prices. The company, which said in August that it had taken a conservative budgeting approach, said total costs and expenses fell 60.3
Apache posts smaller-than-expected loss Read More »
First Solar shares rose as much as 5.5 per cent in after-hours trading on Wednesday Nov. 2 -(REUTERS) – First Solar Inc, the largest U.S. solar equipment manufacturer, beat analysts’ profit estimate for the sixth straight quarter, and the company raised its full-year gross margin forecast for the fourth time. The company’s shares rose as
First Solar profit tops estimates; company lifts margin forecast Read More »
Devon Energy cut expenses to offset oil slump Nov 1 (Reuters) – U.S. oil producer Devon Energy Corp reported a better-than-expected quarterly profit as cost savings cushioned the impact of weak oil prices. Devon has cut its lease operating expenses, including labor and supply costs, to offset a more than 55 per cent side in
Devon Energy Q3 profit beats estimates Read More »
Noble Energy operating expenses down 9.8 per cent in Q3 Nov 1 (Reuters) – Oil and gas producer Noble Energy Inc posted a much smaller-than-expected loss in the third quarter as lower expenses helped offset the impact of weak oil prices. Noble, which said in May it expects to spend less the $1.5 billion it had
Noble Energy posts smaller-than-expected loss as costs fall Read More »
Pioneer Natural Q3: $22 million profit Nov 1 (Reuters) – Pioneer Natural Resources Co posted a lower-than-expected quarterly profit on Tuesday as an increase in the average selling price and sales of its oil failed to offset higher expenses. Pioneer boosted its 2016 production forecast slightly and increased its hedging program for 2017, highlighting executives’ optimism that
Pioneer Natural profit misses Street despite output jump Read More »
