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Bankrupt Chesapeake Asks to Cancel Pipeline Contracts, Sets Drilling Cuts

2020-06-29 22:45:00| OGI

Chesapeake Energy separately said in a filing it plans to operate six to eight drilling rigs for the next two years, about half the 14 rigs active on average in the first quarter, as it battles a historic downturn in oil prices.

Tags: sets cancel contracts cuts

 

With Contracts Canceled and Debts Mounting, Offshore Oil Drillers Face Another Shakeout

2020-06-24 16:07:00| OGI

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

Tags: face oil contracts mounting

 
 

KBR to Focus on Government Contracts, Quit Natural Gas, Energy Business

2020-06-23 15:58:59| OGI

Engineering and construction firm KBR Inc. will exit most of its LNG construction and other energy projects, it told investors and employees, as customers pull back on energy investments.

Tags: business government natural focus

 

Woods Secures Major US Solar Contracts Worth Over $200 Million

2020-06-16 15:47:08| OGI

Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over $200 million on June 16.

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Wood Secures Major US Solar Contracts Worth Over $200 Million

2020-06-16 15:47:08| OGI

Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over $200 million on June 16.

Tags: major million worth wood

 

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