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Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline
2020-08-10 21:35:00| OGI
Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.
Diamondback Energy Posts Second-quarter Loss on $2.54 Billion Charge
2020-08-03 23:00:00| OGI
Diamondback Energy also decreased its cash operating costs dramatically in the second quarter, according to CEO Travis Stice, some of which he expects to become permanent.
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Dominion Takes $2.8 Billion Charge to Exit Atlantic Coast Natgas Pipe
2020-07-31 18:24:50| OGI
U.S. energy company Dominion Energy Inc. said July 31 it took a $2.8 billion charge in the second quarter related to the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina.
Schlumberger Posts Quarterly Loss as Oil Rout Triggers $3.7 Billion Charge
2020-07-24 15:11:05| OGI
Oilfield services giant Schlumberger NV on July 24 reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.
Kinder Morgan Posts Quarterly Loss on $1 Billion Impairment Charge
2020-07-23 11:00:00| OGI
Kinder Morgan expects to start its Permian Highway Pipeline in Texas in early 2021 and the final three Elba Island LNG liquefaction plants this summer.
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