RICHMOND, Va., Aug. 5, 2020 Dominion Energy crews have made progress in restoring power to customers following Tropical Storm Isaias, with more than 80% of customers who lost service in Virginia and North Carolina now back online.
RICHMOND, Va., Aug. 4, 2020 Dominion Energy crews have begun restoration efforts following heavy rain, winds with gusts up to 60 mph, and reported tornados from Tropical Storm Isaias in Virginia and northeastern North Carolina. In all, more than 500,000 customers experienced outages as a result of the fast-moving storm.
After cutting thousands of jobs during the coronavirus pandemic, the oil industry is accelerating its embrace of remote drilling and fracking, changes that will reshape its workforce permanently. Schlumberger Ltd. (SLB), Halliburton Co. (HAL) and Baker Hughes Co. (BKR), the world's three largest oil-field service providers, are shifting more tasks from drilling specialists at well sites to remote engineers working from offices or, increasingly, their homes. The companies, which do much of the...
LONDON, July 31, 2020 Noble Corporation plc (NE) today announced that it has entered into a restructuring support agreement with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for long term growth.
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Schlumberger Ltd. (SLB), the world's largest oil-field services company, is cutting about 21,000 jobs as oil producers slash spending in response to a historic drop in prices amid the coronavirus pandemic. Schlumberger (SLB) said Friday that it recorded $3.7 billion in impairment charges in the second quarter, including about $1...
Schlumberger Ltd. (SLB), the world's largest oil-field services company, is cutting about 21,000 jobs as oil producers made steep spending reductions in response to a historic drop in prices amid the coronavirus pandemic. Schlumberger (SLB) recorded $3.7 billion in impairment charges in the second quarter, including about $1 billion in severance charges related to the job cuts, which represent roughly one-fifth of its workforce, it said Friday. "This has probably been the most...
Schlumberger Ltd. (SLB), the world's largest oil-field services company, is cutting about 21,000 jobs as oil producers make steep spending reductions in response to a historic drop in prices amid the coronavirus pandemic. Schlumberger (SLB) recorded $3.7 billion in impairment charges in the second quarter, including about $1 billion in severance charges, it said Friday. "This has probably been the most challenging quarter in past decades," Chief Executive Olivier Le Peuch said, noting its...
Oilfield services giant Schlumberger NV on Friday reported its second straight quarterly loss after recording $3.7 billion in impairment and restructuring charges as its major customers pulled back activity amid this year's oil price crash.
Frac-sand supplier Covia Holdings Corp. (CVIA) has filed for bankruptcy as part of a plan to cut more than $1 billion in debt and shed its railcar leases after taking a beating from the economic disruption sparked by the coronavirus pandemic and lower energy prices. The Independence, Ohio, company filed for chapter 11 protection in the U.S. Bankruptcy Court in Houston late Monday after reaching a restructuring support agreement with a group of holders of a majority of its secured debt.
Technavio has been monitoring the oilfield services market and it is poised to grow by USD 21.07 billion during 2019-2023, progressing at a CAGR of over 3% during the forecast period. This press release features multimedia. Technavio suggests three forecast scenarios considering the impact of COVID-19.
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