BP (BP.L) said Tuesday it launched a sale process for its US biogas business, Archaea Energy.
The oil major said the potential divestment is part of efforts to simplify its portfolio and focus on assets that can generate competitive returns and long-term value.
Constellation Oil Services (COSH.OL) settled its offering of $650 million senior secured bond due 2033, according to a Monday release.The bond carries an annual fixed coupon of 7.700%, payable semi-annually, and will be listed on the Singapore Exchange.The offshore drilling company will use the net proceeds to fully pay its outstanding $650 million of 9.375% senior secured notes due 2029. Redemption of the existing bonds is anticipated on Tuesday.
Atlas Energy Solutions (AESI) reported Q2 loss late Monday of $0.20 per diluted share, wider from $0.04 loss a year earlier.Analysts polled by FactSet expected a loss of $0.15.Revenue for the quarter ended June 30 was $293.2 million, compared with $288.7 million a year earlier.Analysts expected $284.1 million.
Gulfport Energy (GPOR) reported Q2 earnings late Monday of $4.85 per diluted share, down from $9.12 a year earlier.Analysts polled by FactSet expected $3.91.Revenue in the three months ended June 30 fell to $323.2 million from $447.6 million a year earlier.Analysts expected $303.8 million.