Pacific Drilling S.A. (PACD) announced today that it and certain of its domestic and international subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas and have entered into a restructuring support agreement with an ad hoc group of the largest holders of its outstanding bond...
Technavio has been monitoring the offshore drilling market and it is poised to grow by USD 11.34 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. This press release features multimedia. Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied.
Shell Midstream Partners' (SHLX) revenue in the third quarter took a $10 million hit during the U.S. Gulf of Mexico storm season and is expected cause further financial damage through the end of the year, company executives said on Friday.
Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a clean energy revolution that creates millions of unionized middle-class jobs if he's elected.
Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.
Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand. Exxon Mobil Corp (XOM) said it will cut its workforce by 15%, or about 14,000 people, along with oil majors Chevron Corp (CVX) and Royal Dutch Shell Plc.
The global needle coke market size is poised to grow by USD 857.65 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. This press release features multimedia. The increasing demand for UHP graphite electrodes is one of the major reasons for the needle coke market growth.
Scope of the report This press release features multimedia. This report provides a detailed analysis of the industrial valves market by product and geography.
- Chevron Corp (CVX) will lay off about 25% of Noble Energy's employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday. A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off thousands of employees and cutting down on drilling.
Hurricane Zeta edged towards Mexico's Caribbean coast late on Monday, with strong winds and heavy rain lashing the tourist region, the U.S. National Hurricane Center said. Zeta was blowing winds of some 80 miles per hour and was only about 25 miles from the east coast of Mexico's Yucatan peninsula, home to famed holiday getaways such as Cancun, Tulum and Playa del Carmen, NHC said.
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