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Hess Midstream Subsidiary Plans Private Offering of Senior Notes
The proposed issuance is not expected to have a meaningful impact on Hess Midstream’s leverage and credit profile, according to Fitch Ratings.
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.
NOG Lenders Expand Revolving Credit Facility to $1.5B
Northern Oil and Gas’ semi-annual borrowing-base redetermination left its reserved-based lending unchanged at $1.8 billion.
Energy Transfer Ups Quarterly Cash Distribution
Energy Transfer will increase its dividend by about 3%.
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CGG to Change Name to Viridien
The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.
Plug Power Secures $1.66B Conditional Loan Guarantee from DOE
Plug Power said the funds will be used to finance development and construction of up to six green hydrogen production facilities.
Minerals Market Growing But Needs More Scale, Consolidation
The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.
Pembina Pipeline to Renew Share Repurchase Program
Pembina Pipeline has approval from the Toronto Stock Exchange to purchase up to 5% of its outstanding common shares.
ProPetro Adds Exxon Designee Volkov to Board
Alex Volkov is currently the transition executive tasked with planning the integration of Pioneer Natural Resources and Exxon Mobil.