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News Date
People & Companies - November 16, 2017
Chevron named Oaktree Capital Management vice chairman John B. Frank to its board as a member of the audit committee. Frank was a partner with the law firm of Munger, Tolles & Olson, LLP. Prior...
Nov 16, 2017
Petrobras’ BR Distribuidora may postpone IPO to 2018
Petrobras’ products distribution business BR Distribuidora may wait until 2018 to launch its initial public offering in the Brazilian market, CEO Pedro Parente said. Though this year has been the...
Nov 16, 2017
Chevron will spend $500MM more in Argentina
Chevron will invest an additional $500 million by a third rig to the Loma Campana shale field in Argentina and boost activity there to push production past 40,000 boe/d. The decision came after...
Nov 16, 2017
Pemex has first red quarter this year with $5.6B loss
Petroleos Mexicanos, better known as Pemex, narrowed its loss in the third quarter by 14% YOY to MXN 101.8 billion ($5.6 billion) as the company coped with a drop in lower output. The Q3 loss broke...
Nov 16, 2017
What the Analysts are Saying About '' - November 16, 2017
Macquarie analysts believe $US60 per barrel is likely to be the new price floor and could be a stabilization price for oil.Barclays has supported this new floor, raising its forecast for the...
Nov 16, 2017
German E&P Rohstoff floats $9.3MM more 2021 notes
Deutsch Rohstoff, an E&P that trades on the B?urse Frankfurt, sold €8.0 million ($9.3 million) principal amount in 5.625% unsubordinated unsecured bonds due 2021. The addon sale will be consolidated...
Nov 16, 2017
Pertamina nets $1.99B YTD on over $31B in revenue
Indonesian NOC Pertamina booked a net profit of US$1.99 billion over the first nine months of 2017 as revenue rose 18% to $31.38 billion YOY. The company produced 11% more oil at 342,000 bo/d and 4%...
Nov 16, 2017
Indonesia’s PP will IPO Energi unit for $368MM in ‘18
Indonesia’s state-owned Pembangunan Perumahan(PP) plans to sell its oil and gas unit PP Energi through an initial public offering next year. The transaction is hoped to raise IDR 5.0 trillion ($368...
Nov 16, 2017
Sinopec & Chinese financiers to develop $43B LNG project
China will become involved in a $43 billion LNG project in Alaska. Through China Petrochemical Corp., better known as Sinopec, the country is now in a joint development agreement with Alaska...
Nov 16, 2017
Thailand’s Gulf Energy IPO will raise estimated $80MM
Independent Thai power producer Gulf Energy Development Pcl plans to issue up to 533.3 million shares, or up to 24.99% of the company, in an initial public offering occurring by year-end, a filing...
Nov 16, 2017

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