Oilfield servicer Atlas Energy seeks to raise $414M in IPO
Atlas Energy Solutions, a provider of logistics services to the oil and natural gas industry, has priced...
Atlas Energy Solutions, a provider of logistics services to the oil and natural gas industry, has priced its shares between $20 and $23 each to raise $414 million in its US initial public offering, aiming for a valuation of around $2 billion, according to a regulatory filing. Atlas Energy is among a slew of energy companies seeking to go public amid a global IPO market drought to capitalize on the oil and natural gas upswing caused by the war in Ukraine.
GreenFire joins effort to turn dry wells into electricity generators
GreenFire Energy has joined the Wells2Watts Geothermal...
GreenFire Energy has joined the Wells2Watts Geothermal Energy Consortium as an industrial affiliate and will contribute its closed-loop Advanced Geothermal System to the consortium's first project, which aims to demonstrate the technology in various reservoir and well scenarios using a test well at Baker Hughes' Energy Innovation Center in Oklahoma City. The short-term goal of the Wells2Watts initiative is to achieve electricity generation from barren geothermal and oil and natural gas wells using closed-loop geothermal tech.
Leading US gas producer EQT Corp. has sent natural gas production equipment to JSC Ukrgasvydobuvannya,...
Leading US gas producer EQT Corp. has sent natural gas production equipment to JSC Ukrgasvydobuvannya, Ukraine's largest gas producer, marking the first such donation from a US company. The equipment will be used to repair Ukrgasvydobuvannya facilities that were damaged during the conflict with Russia, thus contributing to the stabilization of Ukraine's energy supplies.
Dow ekes out gain as rising yields leave S&P 500, Nasdaq lower to kick off March
U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall...
U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall Street began March on a downbeat note. The Dow Jones Industrial Average DJIA, +0.02% edged up less than 0.1% to close about flat, while the S&P 500 SPX, -0.47% shed 0.5% and the technology-heavy Nasdaq Composite COMP, -0.66% dropped 0.7%, according to preliminary data from FactSet. Stocks mostly fell amid rising Treasury yields as investors weighed remarks from Minneapolis Federal Reserve President Neel Kashkari, who on Wednesday indicated he’s undecided about whether he will advocate for the central bank to raise its benchmark rate by a quarter of a percentage point or a half point at its meeting later this month. The yield on the two-year Treasury note jumped 9.2 basis points on Wednesday to 4.887%, the highest since July 17, 2007, according to Dow Jones Market Data.
US stock futures rise early Wednesday after Wall Street...
US stock futures rise early Wednesday after Wall Street closed out a losing February for stocks. Meanwhile, hopes for global economic recovery rose after China's manufacturing activity grew at the fastest pace in over a decade. Here are the latest market moves.
On the docket: Okta, Budweiser, Celsius, all reporting.
