Wednesday, September 23, 2020
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Oil & Gas Press Releases

Chesapeake investors vote for reverse stock split to boost share prices

April 13 (Reuters) - Chesapeake Energy Corp shareholders on Monday voted in favor of a reverse stock split, a move that is expected to boost the debt-laden shale producer's share price to avoid a delisting that could trigger calls for some immediate debt repayment. Creditors holding more than $1 billion of Chesapeake debt have the...

Valero pulls forecast, will defer or delay some refining expenses

April 13 (Reuters) - Independent U.S. refiner Valero Energy Corp said on Monday it was withdrawing its annual forecast and would defer or delay certain refining and ethanol related spending it had earlier planned for the year. The company said in a filing its refining segment has suffered a drop in demand as...
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Recently Added

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge

Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly...

Canada’s Cenovus Energy posts quarterly loss on oil price plunge

Canadian oil and gas producer Cenovus Energy Inc posted a second-quarter loss on Thursday and said the worst was behind the industry after the...

Bounceback in U.S. shale oil output is unlikely to last the summer

A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return...

Kinder Morgan posts quarterly loss on $1 bln impairment charge

U.S. pipeline operator Kinder Morgan Inc on Wednesday posted a second straight quarterly loss as it took a $1-billion impairment charge after a steep...
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