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Press Releases

Bankers Petroleum announces corporate transaction extension

CALGARY, July 30, 2016/ PRNewswire/- Bankers Petroleum Ltd. is pleased to announce that it has finalized an extension for the corporate transaction with affiliates of Geo-Jade Petroleum Corporation pursuant to an arrangement agreement dated March 19, 2016. Accordingly, the deadline to receive the People's Republic of China approvals has been extended to...

Source: PR Newswire

UPDATE 3-Libya government, oil guards reach deal to reopen ports

BENGHAZI, Libya, July 29- Libya's U.N.-backed government has signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the terminals shut down since December 2014. No specific date was set for restarting exports, but swift resumption would be hampered by technical damage from militant...

Source: Reuters

EMERGING MARKETS-Brazil real, Mexico peso jump on U.S. data

SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

Source: Reuters

UPDATE 9-Oil ends July with worst monthly loss for WTI in a year

*Both down nearly 15 pct on month; WTI drop most since July 2015. NEW YORK, July 29- Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent, the biggest monthly loss in a year for U.S. crude. Hedge funds, some of the biggest bulls in oil, slashed...

Source: Reuters

Willbros Reports Second Quarter 2016 Results

HOUSTON, July 29, 2016/ PRNewswire/-- Willbros Group, Inc. today reported a second quarter 2016 net loss of $6.4 million, or$ per share, on revenue of $193.4 million, compared to a net loss of $18.9 million, or$ per share, in the second quarter of 2015 on revenue of $218.8 million. Net loss before special items was $5.4 million, or$ per share, in the second quarter of 2016,...

Source: PR Newswire

CANADA STOCKS-TSX gains on resource rebound; posts small weekly loss

TORONTO, July 29- Canada's main stock index rose on Friday, as its large energy sector recouped some losses from earlier in the week with oil prices steadying, and miners gained with gold trading at a three-week high. The Toronto Stock Exchange's S&P/TSX composite index closed up 30.02 points, or 0.21 percent, at 14,582.74. Barrick Gold Corp added 1.7 percent to C...

Source: Reuters

How the Dow Jones industrial average fared on Friday

NEW YORK— Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google's parent Alphabet and retailer Amazon and a modest recovery in oil prices. The Dow Jones industrial average fell 24.11 points, or 0.1 percent, to 18,432.24. The Standard& Poor's 500 index rose 3.54 points, or 0.2 percent, to 2,173.60.

Source: The Associated Press

Matrix Service Company Sets Date to Discuss Results for the Fourth Quarter and Fiscal Year Ended June 30, 2016

TULSA, Okla., July 29, 2016-- Matrix Service Company will announce results for the fiscal year ended June 30, 2016 and guidance for fiscal 2017 on Tuesday, August 30, 2016 after the close of the market.. In conjunction with the earnings release, Matrix Service Company will host a conference call with John R. Hewitt, President and CEO and Kevin S. Cavanah, Vice President...

Source: Globe Newswire

TOP Ships Inc. Announces Interim Financial Results for Period Ended June 30, 2016

ATHENS, Greece, July 29, 2016-- TOP Ships Inc., an international owner and operator of modern, fuel efficient“ ECO” MR tanker vessels focusing on the transportation of petroleum products, announced today its financial results for the first half of 2016.. TOP Ships Inc. is an international ship-owning company. For more information about TOP Ships Inc., visit its...

Source: Globe Newswire

Lucas Energy Announces Special Meeting Of Stockholders

The purpose of the meeting will be to consider and vote upon a proposal to approve the issuance of approximately 13 million shares of common stock in addition to preferred stock and debt transactions in connection with the previously announced strategic acquisition under which Lucas has agreed to acquire assets from various sellers including Segundo...

Source: PR Newswire