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Goodrich Petroleum Files Bankruptcy With Proposed Debt Plan

2016-04-16 13:30:16| Oil & Gas - Topix.net

Goodrich Petroleum Corp., the latest casualty of the energy slump, sought bankruptcy protection with a plan to eliminate about $400 million of debt. The Chapter 11 petition filed in Houston Friday listed $507 million in debts, compared with only $99 million in assets.

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Energy XXI files for bankruptcy protection in US amid plunging oil price

2016-04-15 01:00:00| Hydrocarbons Technology

US-based oil and natural gas company Energy XXI has filed for bankruptcy protection, amid challenging market environment.

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Largest US coal miner Peabody Energy files for bankruptcy

2016-04-13 17:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Economic Times: Peabody Energy, the largest US coal miner, filed for bankruptcy today, battered like the rest of the industry by competition from cheap natural gas and the global push for cleaner energy. The long-expected move made Peabody just the latest and largest of dozens of US miners to go under as the fracking revolution made cleaner natural gas cheaper to use for steel plants and power generators at the same time that demand from China's huge coal-dependent industrial sector began to fall. St Louis,...

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The Western Worlds Largest Coal Company Declares Bankruptcy

2016-04-13 15:28:00| Climate Ark Climate Change & Global Warming Newsfeed

National Geographic: Peabody Energy, the largest coal company in the Western world, declared bankruptcy Wednesday. The announcement is a towering sign that coal power likely has reached a point of no return in a world seeking cleaner energy sources. Nearly 200 countries committed last December in Paris to cut emissions of heat-trapping greenhouse gases. Burning coal for electricity emits twice the carbon dioxide of natural gas, and the resulting pollutants have been linked to thousands of premature deaths and asthma...

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