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Contract driller Diamond Offshore has filed for bankruptcy with debts of $2.6 billion, as the energy industry is hammered by crashing oil prices. Court documents seen Monday show Houston-based ...
In 2008 alone, Greka had spilled more than 157,000 US gallons (590 m 3) of waste (oil and produced water); Greka had spilled more than a 500,000 US gallons (1,900 m 3) since going private in 2003, resulting in over 400 hazardous materials teams responses; the firm had been fined more than $2.6 million by the different regulatory agencies during ...
Oil producers broadly have signaled they aren't looking to ramp up investment in the near future. According to a survey by the Dallas Fed, 43% of oil and gas executives said they planned to ...
[1] [2] In April 2018, the company acquired the interest in the Elk Hills Oil Field previously held by Chevron Corporation for $460 million and 2.85 million shares. [3] [4] In July 2020, the company filed bankruptcy with $5 billion in debt; it emerged from bankruptcy in October 2020. [5] In March 2021, Mark A. (“Mac”) McFarland was ...
LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon ...
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $134 per barrel in 2024 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($77 to $29 in 2024 dollars).
ATP Oil & Gas Corp. (NASDAQ: ATPG) is joining the bankruptcy crowd. The oil company in the Gulf of Mexico filed a voluntary Chapter 11 bankruptcy petition in order to undertake a comprehensive ...
The Orange County oil spill on October 1, 2021, is an oil spill that deposited crude oil onto popular Southern California beaches on the West Coast of the United States.While residents reported smelling fumes, a ship noticed an oil slick that evening and reported it to federal authorities.