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War

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020

SoCal Edison, Mitsubishi Unit at War Over Nuke Plant Closure

Southern California Edison Co. (SCE) and Mitsubishi Heavy Industries (MHI) have gone to war over failed steam generators from the Japanese industrial titan that caused the closure in June of SCE’s San Onofre Nuclear Generating Station (SONGS) along the Pacific Coast in north San Diego County.

August 5, 2013