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Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

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HOUSTON, Feb. 19, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Read More

Apergy Reports Fourth Quarter and Full Year 2018 Results

22 hours ago DieselGasoil Comments Off on Apergy Reports Fourth Quarter and Full Year 2018 Results
Revenue of $311 million in Q4-18, up 17% year-over-year Net income of $23 million and adjusted net income of $28 million in Q4-18 Diluted EPS of $0.29 and adjusted diluted EPS of $0.36 in Q4-18 Adjusted EBITDA of $78 million in Q4-18, up 37% year-over-year with adjusted EBITDA margins improving 370 basis points to 25% Read More

Superior Energy Services Announces Fourth Quarter and Full Year 2018 Results

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HOUSTON, Feb. 18, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the fourth quarter of 2018 of $750.2 million, or $4.85 per share, on revenue of $539.3 million.  This compares to a net loss from continuing operations of $21.8 million, or $0.14 per share, Read More

Kosmos energy appoints new CEO

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2/18/2019 Map: Kosmos Energy. DALLAS — Kosmos Energy has announced that chief exploration officer and founding partner Brian F. Maxted has decided to retire from the company effective Feb. 15, 2019. Mr. Maxted will remain on the board of directors and continue to serve as a special adviser on matters related to exploration. Ms. Tracey Read More

McDermott executes contract for Pan Malaysia field development

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2/18/2019 Photo: East Piatu, offshore Malaysia. Photo: Sapura energy. HOUSTON — McDermott International, Inc. has announced two sizeable contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore Read More

World stocks lifted to 2 1/2-month highs by trade optimism

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London (Reuters) – Hopes for progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2 1/2- month highs on Monday, though European gains were held back by concern over the outlook for auto makers. The German share price index DAX graph is pictured at the stock exchange Read More

World stocks lifted to 2-1/2 month highs by trade optimism

1 day ago DieselGasoil Comments Off on World stocks lifted to 2-1/2 month highs by trade optimism
London (Reuters) – Hopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector’s outlook. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Read More

SoftBank invests in Mubadala's new $400 million European tech fund: source

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FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato DUBAI (Reuters) – Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, a source familiar Read More

Licence Update – Avalon Prospect – Porcupine Basin

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION LICENCE UPDATEAVALON PROSPECTPORCUPINE BASIN   JV PARTNERS LICENCE NEW 3D SEISMIC DATA OVER AVALON PROSPECT Dublin and London – February 18, 2019 – Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, today provides an update on Frontier Exploration Licence (“FEL”) 2/19, operated by Read More

'Jack of all trades' Netanyahu quits as foreign minister, retains 3 other posts

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Israeli Prime Minister Benjamin Netanyahu has tapped an ally to lead the foreign ministry after a petition to the High Court argued it was impossible for him to juggle posts of PM, Health, defense and foreign minister at once. With less than two months left before the Israeli general election, Netanyahu relinquished his duties as Read More