Log in
Subscribe
Thursday, November 28, 2024

March 16, 2020

Bankruptcy allows Weatherford to realize first profit in more than six years- oil and gas 360

Bankruptcy allows Weatherford to realize first profit in more than six years

March 16, 2020

Houston Chronicle Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford International to close 2019 with its first profit in more than six years. Shedding roughly $6 billion of debt after successfully emerging from Chapter 11 reorganization in mid-December, Weatherford reported a $5.3 billion profit on more than $1.2 billion of revenue during the fourth quarter. The figures were

Stock market rout doubles pain for energy firms that took shares for deals- oil and gas 360

Stock market rout doubles pain for energy firms that took shares for deals

March 16, 2020

Reuters Energy investor EnCap Investments pulled off a rarity in the U.S. shale business earlier this month, the $2.5 billion sale of oil producer Felix Energy to rival WPX Energy Inc, striking a deal at a time when energy mergers have all but dried up. EnCap’s big payday, 153 million WPX shares valued at $1.6 billion plus $900 million in

As oil prices tank, BP CFO warns demand could be negative in 2020- oil and gas 360

As oil prices tank, BP CFO warns demand could be negative in 2020

March 16, 2020

CNBC Demand for oil will likely be negative in 2020, adding further downward pressure to plummeting prices, according to BP CFO Brian Gilvary. Around the time of its earnings report in early February, the energy giant anticipated that demand would weaken by around 300,000 to 500,000 barrels a day. But on Monday, Gilvary told CNBC’s “Squawk Box Europe”: “If you

U.S. could start buying crude for Strategic Petroleum Reserve in as soon as two weeks- oil and gas 360

U.S. could start buying crude for Strategic Petroleum Reserve in as soon as two weeks

March 16, 2020

Reuters WASHINGTON – The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in as soon as two weeks and fill it in several months, an Energy Department source said on Monday. President Donald Trump said late on Friday that he has ordered the Energy Department to fill the reserve. The move was aimed at

Global oil use heads for record annual drop as virus spreads- oil and gas 360

Global oil use heads for record annual drop as virus spreads

March 16, 2020

Houston Chronicle Global oil consumption is in free-fall, heading for the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the coronavirus outbreak. Travel bans, work-from-home, canceled vacations and disrupted supply chains all mean reduced demand for fuel. As societies respond to the virus, oil demand — already hammered by China’s decision to shut down swathes

Linkedin X-twitter Facebook Youtube

Premium Content

• Analytics: Data, Dashboards, Knowledge

• EnerCom Conference Replays

• Exclusive Executive  Interviews

Subscribe
Oil & Gas
Oilfield Services
Energy Transition
Regions
Finance
360 Energy Expert Network
Press Releases
Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc.  The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. © 2024 Oil & Gas 360®. All Rights Reserved. Oil & Gas 360® P.O. Box 100938 Denver, CO 80250
Linkedin X-twitter Facebook Youtube

Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox. 

Name

Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.