Houston-based offshore drilling company Hercules Offshore has given itself some breathing space as it faces bankruptcy having defaulted on a $450m loan.
Creditors have agreed to extend a forbearance agreement through to May 31 as a solution is sought to stop the company falling into bankruptcy for a second time in less than a year.
The reprieve brings some bad news to Hercules, as during the forbearance period it will not have access to funds held in order to accept delivery of newbuild jackup rig Hercules Highlander from Singapore’s Jurong Shipyard.
Hercules said it is currently in discussions with the yard over the situation as unless the rig is accepted for delivery by May 5, the company will be in default of the shipbuilding contract.
日经新闻国际版网站11月8日报道,日本东芝集团将于2018财年结束前将美国液化天然气业务出售给中国新奥能源(ENN Energy Holdings)。该交易预计将令东芝损失近1000万日元。此前,外界称由于液化天然气价格波动较大,东芝液化天然气业务正在面临亏损,亏损规模或达1万亿日元。东芝正在将亏损的业务板块对外出售,以改善经营状况。 报道称,东芝2013年进入液化天然气市场,持有美国德克萨斯州一处液化天然气生产企业股份。该企业计划于2019年开始正式投入生产,未来20年内年均生产液化天然气220万吨。报道称,新奥能源或计划通过收购东芝在美液化天然气业务丰富其供应来源。
Anadarko石油公司以第二季度约14亿美元的库存现金收尾。迄今为止,公司已产生约25亿美元的货币资产,包括第二季度期间Western Gas Equity Partners证券的二次发行所产生的资产。
来自/OilVoice 7月28日消息 编译/郑雨晴
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Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the second quarter of 2016, including a net loss attributable to common stockholders of $692 million, or $1.36 per share (diluted). The net loss includes certain items typically excluded by the investment community in published estimates, which in the aggregate decreased net income by $388 million or $0.76 per share (diluted) on an after-tax basis. Cash flow from operating activities in the second quarter of 2016 was $1.229 billion. Discretionary cash flow from operations totaled $669 million.
'Our portfolio continues to perform exceptionally well, and we've continued to significantly reduce our cost structure throughout the year,' said Al Walker, Anadarko Chairman, President and CEO. 'As a result of the record sales volumes from our Lucius and Caesar/Tonga fields in the Gulf of Mexico, as well as the improving well performance in the Delaware and DJ basins, we are increasing the midpoint of our full-year divestiture-adjusted sales-volume guidance by 2 million BOE (barrels of oil equivalent).
Additionally, we've been very successful monetizing assets through the first six months of this year and have increased the high end of our target range to $3.5 billion in total proceeds expected by year end. As stated previously, we intend to use sales proceeds to retire debt, including the remaining $750 million of 2017 maturities. In addition, should the commodity-price outlook continue to improve, we will evaluate redeploying some of the additional cash generated via operations and asset sales toward our highest-quality U.S. onshore opportunities.'
Anadarko ended the second quarter with approximately $1.4 billion of cash on hand. Year to date, Anadarko has generated approximately $2.5 billion in monetizations, including proceeds received during the second quarter from the secondary offering of Western Gas Equity Partners (NYSE: WGP) common units and divestitures of the company's Wamsutter and non-core Permian assets.
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SapuraKencana Scores $113 Million Contract. Pemex has awarded SapuraKencana Petroleum Berhad's a contract worth approximately $113 million for the procurement and construction of a new pipeline. [Oilpro]
Morgan Stanley on Oil Prices: 'A Refinery-Driven Correction Is Upon Us'. The global oil market is "severely oversupplied" with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson. [Bloomberg]
Keppel refutes Brazilian bribery allegations. Singapore’s offshore rig builder Keppel has refuted bribery allegations in connection with an ongoing corruption investigation against oil company Petrobras in Brazil. [Offshore Energy Today]
US Refiners Switch to Winter Grade Gasoline Earlier than Usual. With large stockpiles and poor demand of gasoline, the US refiners have decided to blend winter grade gasoline earlier than expected. Recall that blending usually starts by August annually, followed by sales in September. [Business Finance News]
Goldman Sachs Paints Hopeful Picture For Oil Production. Goldman expects growth in Russian production to accelerate. [Bloomberg]
ConocoPhillips To Cut 6 Percent Of Workforce. ConocoPhillips joins other companies in announcing the latest in job cuts. [Oilpro]
Progress On North Saskatchewan River Oil Spill. Authorities have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river. [Reuters]
TEN Partners Push Production In Ghana. On course for first oil next month, the partners are looking to fast-track gas production from the TEN field in line with domestic demand and Ghana’s power generation crisis.
Iran's Natural Gas Exports Mandate U.S. LNG Support. Despite Western sanctions, Iran’s natural gas production continues to grow as more phases of its largest natural gas field, South Pars, come online.