Aker BP Q1 Swings to Record Operating Profit
quarter was expected to be lower due to planned maintenance activities, and the company kept its full year guidance unchanged at 210,000-220,000 boepd."The company has the potential to almost double production from current levels at a break-even price of less than $30 (per barrel)," said Citigroup, which rates the shares a "buy".While it primarily plans to focus on organic growth, with around 10 new projects in its pipeline, Hersvik said he also saw some opportunities to combine this with acquisitions. (Reuters; Editing by Terje Solsvik and Jason Neely
DONG Energy Shares Jump after European IPO
had been allocated shares in the flotation. Private Danish investors were assigned about 10 percent of the 72.8 million shares sold, with the rest bought by Danish and international institutional investors. JP Morgan, Morgan Stanley and Nordea were global coordinators for the listing. Citigroup, Danske Bank, UBS, RBC, Rabobank and ABG Sundal Collier and Lazard were also involved.| ($1 = 6.5311 Danish crowns) (By Jacob Gronholt-Pedersen, Ole Mikkelsen and Nikolaj Skydsgaard; Additional reporting by Ole Mikkelsen; Editing by Jane Merriman and Mark Potter
Struggling U.S. O&G Companies Eye Rare Financing Deals
, and declined to comment. Chesapeake offered to swap new second liens for unsecured notes last year, but few holders of its bonds maturing in 2017 and 2018 participated. Chesapeake executives said on a February conference call that they were looking to reduce or remove those maturities. Citigroup Inc said, in an analyst note last week, that Chesapeake may target those holders in a 1.5 lien exchange that would buy the company time until oil and gas prices recover. Senior debtholders, usually banks which have extended revolving credit lines to oil and gas companies, often balk at 1.5 lien
Ensco Announces Cash Tender Offer
of the contemporaneous notes offering and the expiration of the tender offer, Ensco intends to exercise its right to redeem any notes not purchased in the tender offer and that remain outstanding pursuant to the indenture governing the notes. Ensco has retained Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. to serve as the Dealer Managers for the tender offer. Deutsche Bank Securities Inc. may be contacted at (866) 627-0391 (toll free) or (212) 250-2955 (collect). Ensco has also retained Global Bondholder Services Corporation to serve as the Depositary and Information Agent
February 2024
