Houston-based McDermott International Ltd. is making moves to secure $560 million in new liquidity to fund growth moving forward. The company has reached an agreement to adjust its debt with a new letter of credit that will free up $390 million in cash that was previously unusable because McDermott had to hold it as collateral, […]
The oil and gas industry is still trying to recover from sharp declines this year as the Covid-19 pandemic cuts into demand for fuel and manufacturing. That has, in turn, slashed demand for oil and gas, which has had effects that reverberate up and down the value chain. Here are four data points to know […]
NRG Energy Inc. (NYSE: NRG) is expecting to draw at least $250 million from asset sales in the near term. That would be the net proceeds, after associated debt repayment, for divestments in the next six to 12 months, CEO Mauricio Gutierrez said during his company’s quarterly earnings conference call. “We have significantly rebalanced our […]