Friday, December 20, 2024
Unit Corporation announces extension of expiration date of exchange offer- oil and gas 360

Unit Corporation Voluntarily Files Chapter 11 Cases to Restructure Balance Sheet

Unit Corporation (NYSE- UNT) (“the Company”) today announced that it has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”) to effectuate a pre-negotiated Chapter 11 plan of reorganization (the “Plan”) that will reduce the Company’s funded debt obligations by more

Angola's oil exploration evaporates as COVID-19 overshadows historic reforms- oil and gas 360

Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms

Reuters LONDON/LAGOS  – The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. The consequences could be grave for a poor country that relies heavily on oil revenues and is saddled with debts that exceed its economic output.

Central banks are creating ‘fake markets,’ Bank of America strategists say- oil and gas 360

Central banks are creating ‘fake markets,’ Bank of America strategists say

CNBC Stocks have become detached from reality due to recent interventions from central banks into the bond markets, according to analysts at Bank of America. In a research note Friday, the Bank of America Securities division highlighted the question of why the stock market is so divorced from reality as one of the most frequently asked by investors. Despite the economic

Negative pricing seen spreading from oil to gas as European demand slumps- oil and gas 360

Negative pricing seen spreading from oil to gas as European demand slumps

Reuters LONDON – A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red after a slump in demand and surging inventories pushed prices into low single digits. Dutch and British gas prices have plunged due to weak demand amid coronavirus lockdowns and strong renewables output, compounding

Schlumberger -oilandgas360

Schlumberger Announces Second-Quarter 2020 Results Conference Call

Schlumberger Limited (NYSE:SLB) will hold a conference call on July 24, 2020 to discuss the results for the second quarter ending June 30, 2020. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.