Independent exploration-production company Vesta Energy said Wednesday it’s secured C$295 million ($216.91 million) in equity financing priced at C$4.50 ($3.31) a share, co-led by energy private equity firms Riverstone Holdings and JOG Capital.
Brazilian oil and gas company Petrobras has posted its highest quarterly earnings in two years, a BRL 4.45 billion profit in the Jan-March period vs a loss of BRL 1.25 billion a year ago, Kallanish Energy learns.
U.S. dry natural gas production will average 74.1 billion cubic feet per day (Bcf/d) in 2017, a 1.8 Bcf/d increase from the 2016 level, the Energy Information Administration’s monthly Short-Term Energy Outlook (STEO) projects.
Royal Dutch Shell reported on Thursday a “strong” first-quarter earnings with profit attributable to shareholders at $3.53 billion, compared to $1.54 billion in the previous quarter and $484 million in the first quarter 2016.
Spanish oil major Repsol reported Thursday a 59% increase in its 2017’s first-quarter earnings, with a net profit of €689 million ($756 million) vs €434 million ($476 million) in the same period in 2016, Kallanish Energy learns in a conference call.
Wind generators accounted for 8% of all operating electric generating capacity in the U.S. in 2016, more than any other renewable technology including hydro, the Energy Information Administration reports.
French oil supermajor Total kick-started the sector’s earnings season on Thursday reporting a 56% profit in the first quarter of 2017, thanks to “good operational performance and a steadily decreasing breakeven."
Capital expenditures for 44 U.S. onshore-focused oil production companies increased $4.9 billion – 72% — between the fourth quarter of 2016 and the fourth quarter of 2015, based on their quarterly financial statements.