Chesapeake Says It Doesn’t Plan to Pursue Bankruptcy
Chesapeake Energy Corp. said Monday that it “has no plans to pursue bankruptcy” after a report intensified such fears, and its share price fell by half in early trading. The Continue Reading
US oil production to fall 92,000 b/d in March in key plays: EIA
Oil production will fall by 92,000 b/d from February to March in key US onshore plays, the US Energy Information Administration said Monday. The biggest forecast drop will be in Continue Reading
Chesapeake Energy woes cast shadow on U.S. pipeline companies
U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims Continue Reading
Oil Drillers Exposed in Three-Way Hedges as Crude Dips Below $30
Oil at $30 a barrel is blowing a hole in the insurance that U.S. shale drillers bought to protect themselves against a crash. Companies including Marathon Oil Corp., Noble Energy Continue Reading
Subtract Another $7 Billion From the Biggest Wealth Fund: Chart
Sovereign bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the safest assets gorged on government debt. Treasury yields dropped to a Continue Reading
Oil Bankruptcies Seen Spurring M&A on Signal Prices Near Low
About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk Continue Reading
Shale Bust Not Busting as Fast as U.S. Government Thought
Shale patches in the U.S. are pumping out more oil and gas than the government previously thought. A total 184,000 barrels a day of shale oil output were added to Continue Reading
Total Starts North Sea Gas Project Despite Low Oil Prices
One of the last big North Sea projects sanctioned under high oil prices has begun pumping natural gas, highlighting an unexpected boom in U.K. energy production that analysts say is Continue Reading
As North Sea oil flows fall, Platts seeks to revamp Dated Brent
Oil pricing agency Platts is taking new technical steps to protect the Brent benchmark from declining North Sea output, in what could be a first step in radically overhauling the Continue Reading
Oil Trades Near $31 After Saudi-Venezuela Talks as Bets Increase
Oil traded near $31 a barrel after Saudi Arabia and Venezuela met to discuss cooperating to stabilize the market and U.S. data signaled investors are split on the direction for Continue Reading