Hints and tips:
...“It has become a bigger company and this could create the perception that it needs more insurance,” said Kevin Lacroix, an attorney and executive vice-president at RT ProExec, a unit of RT Specialty, an...
...Analysts will be watching shale companies’ drilling plans this earnings season for signs of a renewed focus on growth....
...They are also clearly more comfortable with drilling than renewables: Shell’s 2021 capital expenditure strategy called for putting $2bn-$3bn into renewables and $12bn in oil and gas....
..., a Denver-based drilling company....
...The oil company has tapped debt markets, launched an initial public offering for its retail arm and brought international investors into its drilling, refining and trading businesses....
...Ian McIntosh, the chief executive of Louis Dreyfus Company, is retiring from the agricultural trading company less than two years after taking the position....
...EP Energy, whose drilling activities are focused on Texas and Utah, had been acquired by an investor group led by Apollo in 2012 for $7.2bn....
...If SABIC buys another 1.83% of the company it’d be forced to launch a mandatory offer for the remaining shares but if it sells its 31.5% then it loses the opportunity to fast-track development of its Specialty...
...“As [drilling] activity [from other oil companies] increases, this can probably happen again. It sets a precedent,” he said....
...Drilling activity is still on the decline for now, however....
...Now shares in the real estate company are trading higher than the level of the Fortress bid, and with good reason....
...It flourished in the early days of the US shale drilling surge as domestic crude supplies rose and a ban on exports “kept shale oil production trapped in the US and enabled refineries to get their hands...
...Net income was $355m in 2014, but the company recorded a $266m loss last year, partly because of the costs of natural catastrophes....
...Charles Shaver will become the chief executive of Akzo Nobel Specialty Chemicals once Carlyle and GIC complete the deal to buy the unit, Carlyle said in a press release....
...Energy companies are increasingly looking to use the type of analytics often employed by companies such as Google and Amazon for consumer data across their operations, from boosting the performance of drilling...
...Many observers in the industry believe Saudi Arabia is pumping close to the maximum level it can without spending hundreds of millions of dollars on further drilling of its fields....
...AkzoNobel has also put its specialty chemicals unit up for sale, and Sanofi is selling a drug unit. Both auctions have attracted interest from private equity....
...(later renamed AVINTIV Specialty Materials Inc).Julie A. Hill, owner of The Hill Company....
...Akzo Nobel’s specialty chemicals unit is also for sale, with a price expected at about €9bn....
...capital rather than pursuing a “one-sided strategy” of “merely drilling for growth’s sake”, particularly if commodity prices fall....
...It said too many businesses could be left “stranded” within the materials company and should instead be with the specialty products company....
...The Sadara plant, which uses oil and gas to produce a range of specialty chemicals found in everything from cosmetics to car parts, is touted by the company as the place where these conflicting messages...
...It is intended to be split within 18 months into three companies: one in plastics and related materials, one in agricultural chemicals and seeds, and one in other specialty chemicals....
...(WSJ) News round-up Trump bars China-backed bid for semiconductor company (FT) Bain is said to get $9.4bn for new fund (BBG) Offshore drilling group Seadrill files for bankruptcy (FT) Vodafone looking...
...However, Rice was still outspending its operating cash flows on drilling and completing new wells. It does not expect to be able to cover those costs from its own cash flows until 2019....
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