oil and gas
Alta Mesa Resources Files Chapter 11 Bankruptcy
The shale oil startup cited "a historically challenging commodity price environment and a capital market that is highly constrained for energy companies."
Halliburton CFO Leaves After 17 Months
Lance Loeffler, vice president of investor relations, was named the oilfield services company's new finance chief.
‘Frack Master’ Settles Charges Over $80M Fraud
Christopher Faulkner agrees to disgorge the $23.8 million he allegedly misappropriated from investors to pay for a lifestyle of “decadence and debauchery.”
Oil Firm Founder Settles Charges of ICO Fraud
The SEC says David Laurance used misleading marketing materials to try to raise $5 million by selling "Tomahawkcoins."
Caterpillar Posts Record 2nd Quarter Profit
“A strong global economy ... is helping manufacturers like Caterpillar book more orders and deliver higher profits despite growing cost pressures."
Exxon Earnings Hit by High Maintenance Costs
The energy giant posted another earnings miss as production fell 7% and it undertook an "enormous amount of planned maintenance."
Feds Propose Easing of Oil-Drilling Safety Rule
The Trump administration says its proposal will reduce industry compliance burdens but environmentalists call it a "recipe for disaster."
OPEC Sees Minimal EV Impact on Oil Demand
Even if one in four passenger vehicles is electric by 2040, global oil demand would not drop “meaningfully” over the next 23 years.
BP to Spin off US Pipeline Assets MLP in IPO
The oil giant is following some of its competitors by selling units in a tax-advantaged master limited partnerhip to the public.
Total Adds North Sea Assets With Maersk Buy
The $4.95 billion acquisition of Maersk Oil will make Total the second-largest producer in the North Sea.
Exxon Earnings Double But Miss Estimates
Oil and natural gas production dropped by almost 1% in Q2, adding to the challenges facing new CEO Darren Woods.