Junk-Bond Selloff Intensifies
Investors retreated from the U.S. junk-bond market for the third straight trading day and stocks of large asset managers were hit by heavy selling, a sign that the deepest turmoil Continue Reading
Encana latest to trim 2016 budget
Canadian energy company Encana said it was cutting its capital program for 2016 by 25 percent, though nearly all of its spending would focus on four key areas. The company, Continue Reading
Cubic Energy Files for Chapter 11 Bankruptcy
Cubic Energy Inc., CBNR 0.00 % the latest Texas oil company brought down by falling oil prices, filed for bankruptcy protection after reaching a deal with its lenders to hand Continue Reading
EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf
The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. The addition of four countries—Chad, Kazakhstan, Continue Reading
The zombie apocalypse in oil: Why it’s a bad sign for all of us
The dramatic drop in oil prices has created what are called “zombie” companies , oil companies which can still afford to pay interest on huge debts, but little else. If Continue Reading
Junk Bonds Stagger as Funds Flee
Traders and regulators have fretted for more than a year that mayhem might ensue if U.S. mutual funds sought to sell rarely traded bond investments. After junk-bond prices posted their Continue Reading
With oil hedges rolling off, U.S. shale producers face stiff test
Cash-strapped U.S. shale oil producers are facing another sharp sell-off in a 18-month-old crude slump with reduced hedging protection, risking a severe hit to earnings if prices fail to recover. Continue Reading
Seismic Surveyor Dolphin Files for Bankruptcy as Oil Woes Spread
Dolphin Group ASA, a Norwegian seismic surveyor that maps the seabed for oil and gas reservoirs, filed for bankruptcy as the collapse in crude prices claimed another victim. The Oslo-based Continue Reading
IEA sees oil glut worsening as demand growth slows
Global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms, putting oil prices under further pressure, the International Energy Continue Reading
Repsol steps back from U.S. shale
Spanish energy company Repsol said it was offering up a portion of its holdings in a U.S. shale basin in favor of a position in operations offshore Norway. Repsol divested Continue Reading