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[Opinion] Your Weekly Update: 15 - 19 Jan

7h oilvoice
Market Watch Headline crude prices for the week beginning 15 January 2017 – Brent: US$69/b; WTI: US$63/b - After a strong week, oil prices reversed course as concerns that a correction is imminently due, after a major crude-buying spree by hedge funds last week. - There are also fears that the strength in oil prices could cause OPEC to revise its supply freeze plan far earlier than expected, but several OPEC oil ministers have urged the group to ‘stay the course. (7-0)

Noble Corp. - Discussing Fleet Status Report And Notes Offering

15h seekingalpha
The company offers $500 million of notes due 2026 and makes cash tender offers for nearer-maturities notes. (20-0)

Deals of the day-Mergers and acquisitions

2018-01-16 reuters
Jan 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: (99-1)

New Transocean's Contract Positive For Gulf Of Mexico Segment

2018-01-15 seekingalpha
The dayrate is not disclosed, but I don't expect major improvements compared to Deepwater Invictus contract. (48-0)

The Zacks Analyst Blog Highlights: Transocean, Parker Drilling, Noble, Rowan and BP

2018-01-15 zacks
Chicago, IL – Jan 15, 2018 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Transocean Limited (RIG - Free Report) , Parker Drilling Company (PKD - Free Report) , Noble Corporation (NE - Free Report) , Rowan Companies plc (RDC - Free Report) and BP plc (BP - Free Report) . (92-0)

Noble Group Nets Less Than Expected From Oil Unit Sale To Vitol

2018-01-15 rigzone
LONDON, Jan 15 (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday. (7-0)

[Press] Vitol Agrees to Acquire Noble Americas

2018-01-15 oilvoice
Vitol US Holding Co. (“Vitol”) has agreed to acquire Noble Americas Corporation (“Noble Americas”) subject to certain conditions precedent. (7-0)

Noble Group nets less than expected from oil unit sale to Vitol

2018-01-15 reuters
LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world’s largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday. (7-0)

Ensco Doubles The Size Of Debt Offering

2018-01-12 seekingalpha
I recently wrote about Ensco’s (ESV) decision to raise $500 million via a notes offering. The company recently announced that the size of the offering was increased to $1 billion and that cash tender offers also were increased in size. Here’s how the new cash tender offers look like: (30-0)

Can Trump's 5-Year Drilling Plan Revolutionize Energy Sector?

2018-01-12 zacks
In a bid to revolutionize the energy sector, President Trump recently unveiled his ambitious five-year drilling plan. Per the plan, Trump has proposed to initiate drilling activities in the Atlantic, the Pacific and the Arctic Ocean, which had been off limits for decades. The 2019-2024 plan will replace the current five-year program (scheduled to run through 2022) introduced by Obama last year. The latest plan will nullify Obama’s indefinite ban on drilling in the Arctic and the Atlantic Ocean. (17-0)

Noble Corporation Appoints New CEO

2018-01-12 rigzone
Offshore drilling contractor Noble Corporation plc has announced that Julie Robertson will succeed David Williams as the company’s new chairman, president and CEO. (7-0)

Transocean: Initiating A Position

2018-01-11 seekingalpha
My ardent followers and subscribers know that I am positioned in Tesla, Ensco, and Noble Corp. for this primary reason, and now I add one more. (9-0)

Breakout For Crude Oil Futures Puts The Focus On 4 Volatile But Tradable Oil Service Stocks

2018-01-11 seekingalpha
Nymex crude oil futures ended 2017 with a breakout above its 200-week simple moving average, its ‘reversion to the mean’. (12-0)

The Rally In Offshore Drillers Is Just Getting Started

2018-01-11 seekingalpha
The newbuild cycle that brought the industry to its knees will likely be the last newbuild cycle the industry ever sees. (19-0)

Ensco Refinances $500 Million And Warns Of Drillship Contract Renegotiations

2018-01-10 seekingalpha
In the longer term, contract renegotiations at Brent near $70 are concerning. At the same time, refinancing is a positive move. (18-0)

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