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BP Reportedly Raises $12 Billion in Debt

2020-06-18 11:10:00| OGI

British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times reported.

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BlackGold Reportedly Raising $600 Million for Direct Lending to Oil Sector

2020-06-15 11:10:00| OGI

BlackGold started marketing the fund, its largest to date, in March, as the coronavirus pandemic sent oil prices plunging and brought production to a halt on fears of oversupply.

Tags: direct million oil sector

 
 

Jofo Reportedly in Talks to Buy SAAF

2020-06-10 19:21:33| Nonwovens Industry Breaking News

Company striking deal for 70% stake in Saudi nonwovens producer

Tags: buy talks reportedly talks reportedly

 

Occidental Reportedly Reviewing Options for Middle East Assets

2020-06-09 11:10:00| OGI

Occidental Petroleum has been trying to sell assets to reduce the $40 billion in debt it took on since its $38 billion purchase of Permian rival Anadarko Petroleum last year.

Tags: options east middle assets

 

Hedge Fund Angelo Gordon Reportedly Raising $1.5 Billion for Distressed Energy Debt

2020-06-01 21:45:00| OGI

Hedge fund Angelo Gordon & Co. LP aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter.

Tags: energy fund debt billion

 

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