Financial Times - Oct 16
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. BBC, the British broadcaster…
London's FTSE 100 continues to recover on the back of financials and corporate earnings
London stock markets rose broadly for the second consecutive session on Wednesday. Gains in financial stocks, and positive corporate earnings helped the indexes…
Saudi Aramco IPO Proceeds Rise to $29.4 Bln
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading t
Sempra Names Bilicic Group President
Sempra Energy on Monday announced that George W. Bilicic has been named group president, effective upon completion of his service at Lazard later this year. Bilicic will lead the company's strategy…
Petrobras Nears Terms Over TAG Pipeline Sale
Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December for the sale of the Transportadora…
India's Small Renewables Firms Fighting Consolidation Wave
Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition…
McTiernan Appointed Non-Executive Chairman, Hurricane Energy
Steven McTiernan has been appointed as Non-Executive Chairman of the board of directors of Hurricane Energy plc, effective May 1, 2018. Dr. David Jenkins, who has…
North American Energy IPOs Set to Rebound in 2018
Higher oil prices and a positive earnings outlook for energy companies are expected to fuel a rebound in North American oil and gas initial public offerings in 2018…
Oil and Trump: Russians Full of Optimism in Davos
What a difference a year makes. Twelve months ago, the mood of the Russian delegation at the World Economic Forum in Davos was distinctly gloomy, with oil prices…
Russian Tycoon Deripaska's En+ Considers IPO in 2017
En+ Group, a holding company for Russian tycoon Oleg Deripaska's assets, is considering conducting an initial public offering in 2017, two banking sources and one…
Credit Suisse Names Perry Global Co-Head of O&G
Credit Suisse on Friday named Tim Perry global co-head of oil and gas investment banking, effective January. Perry - who is being promoted from his current job as…
Morgan Stanley Focuses on Smaller, Smarter Trades
Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street…
U.S. Rig Count set for Biggest Quarterly Rise in 2 Years
U.S. drillers this week added oil rigs for a 12th week in the past 13 and were on track to add the most rigs in a quarter since crude prices plummeted two years ago…
US Oil Drillers Add Rigs for 4th Week in 5
U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the…
US Oil Drillers Add Rigs for Third Week in a Row
U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers…
US Oil Rig Count Steady for First Time This Year
U.S. energy firms this week kept the number of rigs drilling for oil unchanged for the first time this year, services company Baker Hughes Inc said on Friday, as…
Petrobras Tests Investor Sentiment with $6.75 Bln Bond Sale
State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday through a sale of five- and 10-year dollar-denominated bonds, in a closely watched return…
Financing for Dudgeon Wind Farm
London, UK, May 12, 2016: The developers of one of the world's largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months.
Brazil's Eletrobras Hires Bank for Eletrosul Asset Sale
State-controlled power holding company Centrais Elétricas Brasileiras SA has hired an unidentified investment-banking firm to advise on a plan to sell a portion…
US Drillers Cut Oil Rigs for 11th Week Straight
U.S. energy firms this week cut oil rigs for an 11th week in a row to the lowest level since December 2009, data showed on Friday, as Exxon Mobil Corp and other…
