Ex-billionaire’s oil ambitions turn into nightmare for investors
As creditors led by Pacific Investment Management Co. try to salvage what is left of their stake in Eike Batista’s oil ambitions, the specter of ATP Oil & Gas Corp.’s demise underscores how much...
View ArticleInvestor push to cut spending hindering M&A markets
Activist investors are pressuring energy companies to cut spending levels in the face of rising costs and lower returns, to the detriment of the deal market, panelists at IHS CERAWeek said Tuesday.
View ArticleEnCap raises $6.5 billion to pour into North American oil firms
Private equity firm EnCap Investments has closed its tenth energy fund with $6.5 billion to back North American oil and gas producers, the latest firm to collect billions to pump into the shale business.
View ArticleMexico’s only oil winners backed by Riverstone, BlackRock
Sierra Oil & Gas, poised to become Mexico’s first private crude producer in seven decades, has never drilled a well.
View ArticleBlackRock buys into new Texas wind projects
While the terms are not being disclosed, BlackRock also recently bought a 50 percent stake in the new, 200-megawatt Hereford Wind Project, which is southwest of Amarillo.
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