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Tag: petroleum
Occidental Petroleum to Pay Dividend to Buffetts Berkshire in Cash
2020-09-21 20:30:00| OGI
Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.
Tags: pay
cash
petroleum
dividend
Ultra Petroleum Emerges from Bankruptcy as Privately Held UP Energy
2020-09-21 11:05:00| OGI
After struggling with nearly $2 billion of debt left on its balance sheets despite a previous restructuring, Ultra Petroleum, one of the largest oil and gas drillers in Wyoming, voluntarily filed for Chapter 11 bankruptcy in May.
Oasis Petroleum Enters Grace Period after Failing to Make Interest Payments
2020-09-18 16:36:00| OGI
Grace period allows the company to make the due payments within 30 days to avoid a formal default.
Tags: make
interest
period
payments
US Blacklists Companies for Helping Facilitate Iran's Exports of Petroleum, Petrochemicals
2020-09-03 20:00:00| OGI
The State Department also imposed sanctions on five companies for engaging in transactions related to Irans petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.
Tags: companies
helping
facilitate
petroleum
Shale Producer Whiting Petroleum Emerges from Bankruptcy
2020-09-02 00:35:00| OGI
Whiting Petroleum had become the first publicly traded shale producer to file for bankruptcy in April after the historic crash in crude prices in the previous month.
Tags: producer
bankruptcy
petroleum
emerges
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