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Rigzone.com: Finance and Investing News



The latest upstream oil and gas news from around the world.



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Oil, Gas Investment Resources Ramping Up in 4Q

Fri, 08 Dec 2017 00:00:00 GMT

Select energy funds are anticipating a pick-up in investments in 2018.



Energy Bonds Trade Like Stocks as Wildcatters Get Religion

Wed, 06 Dec 2017 00:00:00 GMT

For the first time in months, energy bond and stock investors are both feeling good.



Thailand's Gulf Energy Marks Market Debut with 27.8% Jump

Wed, 06 Dec 2017 00:00:00 GMT

Gulf Energy Development PCL makes its market debut with shares trading at 27.8 percent above their initial public offer.



Britain's Genel Energy Seeks To Cut Bond Debt To $300 Mln

Wed, 06 Dec 2017 00:00:00 GMT

Iraqi Kurdistan-focused oil producer Genel Energy plc is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.



Chinese Firm Rescinds Takeover Offer For Australia's AWE

Tue, 05 Dec 2017 00:00:00 GMT

Bid to buy AWE has been formally withdrawn.



Private Equity Firm Blue Water Energy Raises $1.1B For Oil Investment

Mon, 04 Dec 2017 00:00:00 GMT

Blue Water Energy raises $1.1 billion for a fund to invest in oil and gas, the latest sign of growing appetite for the industry as crude prices recover from a downturn.



Vietnam's PV Oil Plans Jan IPO That Aims To Raise At Least $122 Mln

Fri, 01 Dec 2017 00:00:00 GMT

Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20% of its shares in an initial public offering (IPO) in January.



Enquest Lenders Relax Debt Terms, Shares Rise

Thu, 30 Nov 2017 00:00:00 GMT

EnQuest Plc, a North Sea-focused oil producer saddled with $2 billion in debt, says its lenders eased terms on a loan, boosting its shares by as much as 6%.



Tullow Oil Refinances $2.5 Billion Credit Line

Wed, 29 Nov 2017 00:00:00 GMT

Africa focused Tullow Oil Plc refinances $2.5 billion of loans borrowed against its oil and gas reserves.



Norway's Wealth Fund Says Sale Of Oil Stocks Will Take Years

Tue, 28 Nov 2017 00:00:00 GMT

The Norwegian sovereign wealth fund's proposed multi-billion dollar divestment from oil and gas stocks will take many years to complete.



Shell to Cancel Scrip Dividend In 4Q

Tue, 28 Nov 2017 00:00:00 GMT

Shell announces the cancellation of its scrip dividend, with effect from the fourth quarter of this year.



Trafigura's Purchases From State Oil Firms Rose In 2016 - Report

Wed, 22 Nov 2017 00:00:00 GMT

Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.



Gulf Energy Raises $733MM, Biggest Thai Corporate IPO In Over A Decade

Wed, 22 Nov 2017 00:00:00 GMT

Thailand's Gulf Energy Development Pcl raises $733 million after its initial public offering priced at the top end of expectations.