$DOFSQ News
Last published 6y ago
- 6y agoEVRDOFSQVALPQRIGTransocean Plan to Avoid Bankruptcy May Cause One Just the SameBloombergMeasures taken by Transocean Ltd. to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11 alongside some of its biggest peers.
- 6y agoRIGPACDDOFSQVALWorld’s Largest Offshore Rig Owner Valaris Goes BankruptBloombergValaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.
- 6y agoWLLCHKAQMURXOM+5Mass Offshore Oil-Servicer Failures Imperil $30 Billion of DebtBloombergOffshore oil servicers are going bust at the fastest pace in three years as explorers spurn high-cost drilling to deal with a worldwide slump in commodity prices.
- 6y agoVALDOFSQRIGTransocean Hires Lazard While Evaluating Strategic AlternativesBloombergTransocean Ltd. has tapped Lazard Freres & Co. LLC to be its financial adviser as the world’s biggest owner of deepwater oil rigs confronts history’s worst crude crash.
- 6y agoDOFSQCHKXOGExtraction Gives Executives Bonuses Ahead of Possible DefaultBloombergExtraction Oil & Gas Inc. plans to pay 16 executives and senior managers a total of $6.7 million in return for staying with the Colorado-based driller ahead of a possible default on its bond payments.
- 6y agoCRCCHKDOFSQWLLBankruptcy Is a Jackpot for CEOs Helming Failed Oil CompaniesBloombergFor Whiting Petroleum Corp. Chief Executive Officer Brad Holly, filing for bankruptcy had at least one perk: a $900,000 pay raise.
- 8y agoPPCINGRDUKNRG+21What to Watch in Commodities: Oil, El Nino, Arcelor, Trade, ADMBloombergCommodity investors have a mass of information to deal with in the coming week: earnings season is in full flow; the oil market is tracking OPEC’s decision to add supplies; and there are likely to be developments on global trade spats, especially on China. Raw materials are set to close out July with another loss after retreating in June. Let’s see what August brings.
- 10y agoAPADOFSQFieldwood Sees Offshore Mexico Crude Flowing in 2019, CEO SaysBloombergFieldwood Energy LLC is looking to become the first private offshore driller to produce oil in Mexico in 80 years, according to the Houston-based company’s chief executive officer.
- 11y agoPGNPQDOFSQPemex Negotiates Lower Rig Rates as Crude Collapse Hurts ProfitBloombergPetroleos Mexicanos is negotiating reduced rig rates with all of its providers after the state-owned oil producer posted a ninth straight quarterly loss on slumping crude prices.
- 12y agoDOFSQPetrobras Seen Struggling to Meet Targets by OdebrechtBloombergPetroleo Brasileiro SA, the most indebted oil company, is facing difficulties meeting its goal of doubling output by 2020, said supplier Odebrecht Oleo & Gas SA.
- 13y agoGEAONESLBL+1Batista Collapse Leaves Unpaid Bills With Loews to EnscoBloombergBrazilian entrepreneur Eike Batista’s financial collapse is being reflected on the balance sheets of global suppliers to his oil company.
- 13y agoWMTDOFSQFCXF+4GM Redemption Seen Culminating in Return to S&P 500 IndexBloombergAs the U.S. Treasury sells off its shares of General Motors Co., the automaker is likely to return to the Standard & Poor’s 500 Index in the next year, passing another milestone in its redemption.
- 14y agoAONERIGDOFSQSDRLF+1Rig Shortage Means Record $4.5 Billion Blowout Binge: EnergyBloombergThe five-story-tall valve that failed to stop the biggest offshore U.S. oil spill is heading toward a $4.5 billion surge in orders as deep-water oil explorers seek to minimize costs on the world’s most expensive drilling rigs.
- 15y agoDOFSQCOPXOMTropical Depression Forms in Gulf, Headed Toward Louisiana CoastBloombergA tropical depression in the Gulf of Mexico that has shut almost 6 percent of the region’s oil production may approach the southern coast of Louisiana tomorrow, according to the National Hurricane Center.
- 16y agoSCHWFDXUPSBAC+2Old Normal Rally Shows Birinyi Beating New NormalBloombergThe rally that added $1.95 trillion to U.S. equity values since July is telling Laszlo Birinyi and Kenneth Fisher that the new normal era of slower economic growth and lower stock returns has yet to arrive.