Brilliant Energy LLC filed for bankruptcy in the Southern District of Texas, adding to a growing list of companies that have stumbled after power outages caused by a winter freeze in February. The electricity provider has estimated […]
Brazos Electric Power Cooperative joined a rare club of investment-grade companies that filed for bankruptcy after the Texas power firm collapsed under a brutal winter storm, highlighting the growing risk of climate change. In Wall Street […]
Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among U.K. stocks just as the global crude market roars back. With […]
(GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2020 results and provided an update on other matters, as highlighted below. Summary Highlights Reported fourth-quarter […]
More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus pandemic plunged the energy sector into the worst downturn in a generation. Forty-six exploration and production companies and 61 oil-field service […]
Mixed data out as traders weigh new stimulus versus jobless claims increase. The Dow Jones Industrial Average gained 11 points, led by Boeing, Chevron and Intel, while the S&P 500 rose 0.2%. S&P 500: 16% […]
Chesapeake Energy Corp.’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale gas pioneer’s estimate. Chesapeake sought […]
Terra Energy Partners LLC has agreed to purchase assets from bankrupt Ursa Piceance Holdings LLC and various subsidiaries for $60 million, according to bankruptcy documents. A federal bankruptcy judge in Delaware approved the sale in […]
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