Edition:
United Kingdom

David French

Wall Street takes on long-term care payouts as insurers balk at costs

19 Jun 2019

NEW YORK Some U.S. insurers are turning to Wall Street's financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved.

Exclusive: Oilfield services firms Keane Group, C&J Energy to merge - sources

17 Jun 2019

NEW YORK Keane Group Inc and C&J Energy Services Inc are set to merge in an all-stock deal that will create a new U.S. oilfield services company worth around $1.5 billion (£1.2 billion), three people familiar with the matter said on Monday.

Interest dims in Oklahoma shale play as drilling results disappoint

13 Jun 2019

NEW YORK It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive.

Exclusive: Oilfield services firm Patterson-UTI explores split

13 Jun 2019

Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said on Thursday.

Exclusive: Oilfield services firm Patterson-UTI explores split - sources

13 Jun 2019

NEW YORK Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said on Thursday.

Interest dims in Oklahoma shale play as drilling results disappoint

13 Jun 2019

NEW YORK, June 13 It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive.

Rice Energy founder says EQT's turnaround dependent on his board takeover plan

12 Jun 2019

NEW YORK The founder of Rice Energy, the U.S. natural gas producer acquired by larger peer EQT Corp for $6.7 billion in 2017, told Reuters on Tuesday that only by giving him control of the EQT board would the business be able to make the changes he believes it needs.

U.S. rooftop solar company Sunnova Energy plans IPO: sources

12 Jun 2019

Sunnova Energy Corp, which finances and manages residential solar and storage systems across the United States, is planning a stock market flotation that could value the company at more than $1 billion, including debt, people familiar with the matter said.

SolarCity competitor Sunnova plans IPO -sources

11 Jun 2019

June 11 Sunnova Energy Corp, which finances and manages residential solar and storage systems across the United States, is planning a stock market flotation that could value the company at more than $1 billion, including debt, people familiar with the matter said.

South Texas oil producer 1776 Energy up for sale

20 May 2019

(This May 17 story corrects the founder's name to William R., from Jim in paragraph 2)

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