More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest report. Their cumulative debt load is $24.732 billion. And yet, things in the U.S. oil patch may not be as bad as the number of bankruptcies […]
It’s been a tough year for energy pipelines that carry oil and gas from source points to distribution and export terminals. In recent weeks, along with a general rally in energy-related stocks, the worst seems to have passed for the key pipeline companies upon which we rely for energy distribution in this country. Energy Transfer, […]
The growing oil boom in the offshore Guyana-Suriname Basin continues to gain pace. After making a series of spectacular discoveries in offshore Guyana energy supermajor ExxonMobil announced that with partner Malaysia’s Petronas it has made a promising discovery off Suriname. The discovery was made in offshore Suriname Block 52, which neighbors Block 58 where Apache […]
