PE investors favor quality in oil and gas financing
Private equity investors have raised the bar for oil and natural gas companies looking to secure financing,...
Private equity investors have raised the bar for oil and natural gas companies looking to secure financing, yet ample capital remains available for high-caliber management teams with sound strategies, speakers said at a recent oil conference. They highlighted diverse investment opportunities in the Permian Basin and a preference for a capital-constrained environment and expressed confidence in the industry's long-term viability based on current demand trends.
U.S. stocks edged higher Monday to begin a holiday-shortened week, as investors remained cheered by expectations...
U.S. stocks edged higher Monday to begin a holiday-shortened week, as investors remained cheered by expectations that the Federal Reserve has finished raising rates. But there are some major earnings reports on the way. Expectations are sky-high for Nvidia, the tech giant at the forefront of the AI gold rush. Retailers Kohl’s, Nordstrom, Lowe’s, and Best Buy will also report this week.
The Chiefs and Eagles will meet on Monday Night Football. Depending on your perspective, it’s either a rematch of last season’s Super Bowl or a battle between Taylor Swift’s boyfriend and Taylor Swift’s boyfriend’s brother.
Just in case we are your only source of information, Thanksgiving is on Thursday.
Citigroup layoffs coming today: A massive restructuring dubbed “...
Citigroup layoffs coming today: A massive restructuring dubbed “Project Bora Bora” is expected to begin today at Citigroup and will ultimately result in thousands of jobs being cut, according to the Financial Times. CEO Jane Fraser hopes Citi’s first overhaul in almost two decades will revive its stock price, which has been the worst performer in the banking sector.
Max Verstappen won the Las Vegas Grand Prix in what turned out to be a thrilling race, despite the initial speed bumps and a class-action lawsuit.
Sean “Diddy” Combs and Cassie reached a settlement agreement one day after Cassie filed a lawsuit alleging rape and physical abuse.
Tiger Woods will play in the Hero World Challenge next Thursday, marking his first round of competitive golf since having ankle surgery following The Masters seven months ago.
Australia beat India to win its sixth Cricket World Cup title in a match Neal actually watched and semi-understood.
Rosalynn Carter, a true life partner to Jimmy Carter who helped propel him from rural Georgia to the...
Rosalynn Carter, a true life partner to Jimmy Carter who helped propel him from rural Georgia to the White House in a single decade and became the most politically active first lady since Eleanor Roosevelt, died on Sunday in Plains, Ga. She was 96.
U.S. energy firms added rigs this week, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, rose two to 618in the week to Nov. 17. U.S. oil rigs rose by six to 500 this week, while gas rigs fell by four to 114, their lowest since early September.
Data provider Enverus, which publishes its own rig count data, said drillers cut 13 rigs in the week ended Nov. 15, cutting the total to 690. Nevertheless, the overall count was still up about 2% in the last month but down 21% year-over-year.
U.S. oil futures were down about 6% so far this year after gaining about 7% in 2022. U.S. gas futures,meanwhile, have plunged about 35% so far this year after rising about 20% last year.
The total number of drilled but uncompleted (DUC) oil and gas wells dropped by 92 to 4,524 in October,the lowest since December 2013, according to the U.S. Energy Information Administration’s (EIA) Drilling Productivity Report.
