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United States Oil And Gas

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Oil and Gas

Transocean secures $1B in new deals as debt reduction strategy accelerates

Transocean (NYSE:RIG) has fortified its financial position through a dual-track strategy of aggressive backlog expansion and balance sheet deleveraging, announcing approximately $1 billion in new contract awards alongside the full retirement of a high-interest bond series.

Read more: Transocean secures $1B in new deals as debt reduction strategy accelerates
Grafa
Oil and Gas

Oil holds near $115 as Trump balances peace optimism with threats to Iran’s Kharg Island

Oil markets remained on edge Monday, with Brent crude holding near $115 a barrel, as President Donald Trump indicated a potential diplomatic breakthrough in the Middle East while simultaneously threatening military strikes against Iran’s critical energy infrastructure.

Read more: Oil holds near $115 as Trump balances peace optimism with threats to Iran’s Kharg Island
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Transport and logistics

Diana Shipping moves toward proxy fight as Genco board rejects $1.4B all-cash buyout

Diana Shipping (NYSE:DSX) escalated its hostile pursuit of Genco Shipping & Trading (NYSE:GNK) today, publicly rebuking the Genco Board of Directors for rejecting an increased, all-cash offer of $23.50 per share.

Read more: Diana Shipping moves toward proxy fight as Genco board rejects $1.4B all-cash buyout
Grafa
Oil and Gas

PermRock Royalty Trust declares April 2026 distribution amid lower January production receipts

PermRock Royalty Trust (NYSE:PRT) today announced a monthly cash distribution of $36,445.91, or $0.002995 per Trust Unit, payable on April 14, 2026, to unit holders of record as of March 31, 2026.

Read more: PermRock Royalty Trust declares April 2026 distribution amid lower January production receipts