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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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