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News Breaks
June 11, 2014
04:55 EDTHOS, HOS, HOS, EXXI, EXXI, EXXI, DVR, DVR, DVR, NE, NE, NE, GDP, GDP, GDP, EGY, EGY, EGY, PQ, PQ, PQ, KEY, KEY, KEY, OAS, OAS, OAS, SGY, SGY, SGY, APA, APA, APA, SARA, SARA, SARAAl Petrie Investor + Media Relations to hold a conference
2014 Louisiana Energy Conference is being held in New Orleans on June 11-13 and includes field trips on June 13.
News For HOS;APA;SGY;OAS;KEY;PQ;EGY;GDP;NE;DVR;EXXI;SARA From The Last 14 Days
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August 29, 2014
13:14 EDTGDPGoodrich Petroleum management to meet with SunTrust
Meeting to be held in New York on September 3 hosted by SunTrust.
12:19 EDTEGYVAALCO Energy provides update on offshore Gabon operations
Production from the Etame Marin block has resumed after the successful completion of previously announced maintenance work on the company's leased Floating, Production, Storage and Offloading vessel. Work was performed to upgrade the fire and gas detection systems on the FPSO and other routine maintenance work was completed on-time and without any safety or environmental issues. To facilitate this work, production from the block was shut-in beginning on August 23 and restarted on August 29. Production is expected to increase to pre-shut-in production rates over the next few days as well operations are stabilized. The platform jackets for both of the two new production platforms for the additional development of the Etame Marin block are now in place with this week's setting of the second platform jacket adjacent to the Southeast Etame and North Tchibala fields. Leg piles for the Southeast Etame/North Tchibala platform are currently being installed to secure the jacket to the seabed. The two new production platforms are each located in approximately 80 meters of water. The deck sections of both platforms are currently being towed to Gabon with arrival expected in early September. The deck sections are currently located off the coast of Brazil, approximately 2,000 nautical miles west of their final destination in the offshore waters of Gabon. The deck sections are expected to be mated with the jacket sections later in September and the drilling of the first development well from the new Etame field platform is scheduled to commence in mid-October, subject to platform readiness and the arrival of the contracted Transocean "Constellation II" jack-up rig.
August 24, 2014
19:13 EDTAPAApache still trades at a discount to peers, Barron's says
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August 22, 2014
07:28 EDTPQPetroQuest shares well-positioned after pullback, says Stifel
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07:06 EDTDVRCal Dive executes letters for revolving credit agreement refinancing
Cal Dive announced that it has executed commitment letters with three financial institutions providing for a $125M senior secured credit facility that may consist of both a term facility and revolving facility to refinance the company’s existing revolving credit facility and provide additional liquidity to the company. The commitment letters are subject to customary closing conditions. As previously disclosed, the company was required to provide executed commitment letters acceptable to its existing revolving lenders for the refinancing of its revolving credit facility by August 27, or waivers with respect to the company’s loan agreements would have expired on September 2. The revolving lenders have confirmed that the commitment letters obtained by the company are acceptable and the waiver period will not expire until September 30. The company expects to complete the refinancing of the revolving credit facility in advance of the expiration of the waivers. Upon completion of the refinancing and related amendments to the financial covenants under its loan agreements, the company expects that all of its indebtedness will be reclassified to long-term debt on its balance sheet.
August 21, 2014
10:14 EDTHOSOn The Fly: Analyst Downgrade Summary
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09:05 EDTHOSHornbeck Offshore downgraded to Equalweight from Overweight at Capital One
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August 18, 2014
17:23 EDTAPAApache looks cheap, Barron's says
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09:02 EDTAPAApache confirms Canning Basin oil discovery offshore Western Australia
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07:54 EDTEXXI, EGYEnerCom to hold a conference
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06:44 EDTAPANatural gas companies worried about regulatory outlook, The Hill says
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06:05 EDTAPAApache discovers oil field in Western Australia, WSJ reports
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