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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 ...
Pages in category "Defunct oil companies of the United States" The following 94 pages are in this category, out of 94 total. This list may not reflect recent changes.
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 ...
[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 ...
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 ...
The news that Red Lobster was filing for bankruptcy may have made you curious about how your other favorite businesses are doing in 2024. After all, we’ve heard plenty of reports of the impact ...
Oil production cuts by Russia and the Organization of the Petroleum Exporting Countries (OPEC) have helped push Brent crude prices up some 10% over the past month to roughly $93 per barrel.
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).