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Tag: bankruptcy
Walter Energy negotiating bankruptcy reorganization
2015-06-07 03:07:01| Industrial Machines - Topix.net
Hoover-based Walter Energy Inc. is reportedly in talks with senior lenders to negotiate a debt-reconstruction plan that could have the company filing bankruptcy before the end of the month. This includes a request for a debtor-in-possession loan that would allow the company to stay in operation while in bankruptcy.
Tags: energy
walter
bankruptcy
negotiating
Ivanhoe's global energy dream falls apart as company declares bankruptcy
2015-06-04 04:12:44| Oil & Gas - Topix.net
Early last year, Ivanhoe Energy was developing an oilsands project in Alberta, had partnered with China National Petroleum Corporation on an oil play in Ecuador, was pushing ahead with a proprietary heavy oil refining technology and wanted to build an offshore floating refinery. For over a decade, the company's goal was to use a process that converts heavy oil to light oil for easier transportation and processing, which it spent $100 million to acquire in 2004.
Tags: company
global
energy
dream
Ivanhoe's global energy dream falls apart as company declares bankruptcy
2015-06-04 03:15:56| Energy - Topix.net
Early last year, Ivanhoe Energy was developing an oilsands project in Alberta, had partnered with China National Petroleum Corporation on an oil play in Ecuador, was pushing ahead with a proprietary heavy oil refining technology and wanted to build an offshore floating refinery. For over a decade, the company's goal was to use a process that converts heavy oil to light oil for easier transportation and processing, which it spent $100 million to acquire in 2004.
Tags: company
global
energy
dream
Ivanhoe Energy declares bankruptcy as restructuring talks with creditors fail
2015-06-03 02:27:46| Energy - Topix.net
The company had been working with Ernst & Young to reach a viable restructuring proposal and had already extended the deadline for filing a proposal by a month. The Vancouver-based heavy oil company has projects in Ecuador and Mongolia and was working to develop a proprietary upgrading process for heavy oil.
Tags: energy
fail
talks
bankruptcy
Ivanhoe Energy declares bankruptcy as restructuring talks with creditors fail
2015-06-03 02:21:01| Oil & Gas - Topix.net
The company had been working with Ernst & Young to reach a viable restructuring proposal and had already extended the deadline for filing a proposal by a month. The Vancouver-based heavy oil company has projects in Ecuador and Mongolia and was working to develop a proprietary upgrading process for heavy oil.
Tags: energy
fail
talks
bankruptcy
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