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Andreas Exarheas

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Commodities
Andreas Exarheas

Oasis Petroleum Files Chapter 11

Oasis Petroleum Inc. (NASDAQ: OAS) has revealed that it has filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The company announced that it has entered into a restructuring support agreement

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Commodities
Andreas Exarheas

Seadrill Appoints New CEO

The board of Seadrill Limited (OSE: SDRL, OTCQX: SDRLF) announced Thursday the appointment of Stuart Jackson as the company’s new chief executive officer.  Jackson, who was previously Seadrill Limited’s chief financial officer, will succeed Anton Dibowitz with immediate effect, according to the company. Following Jackson’s

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Commodities
Andreas Exarheas

MPC Approves Job Cuts

Marathon Petroleum Corporation (NYSE: MPC) has approved an involuntary workforce reduction plan, the company has revealed in a new SEC filing. The plan, together with employee reductions resulting from MPC’s indefinite idling of its Martinez, California, and Gallup, New Mexico, refineries, affects approximately 2,050 staff

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Commodities
Andreas Exarheas

Baker Hughes Launches Terminator

Baker Hughes (NYSE: BKR) has announced the launch of its new vessel deployed wellhead cutting system, which it has dubbed Terminator. The new system uses a “first of its kind” mechanical wellhead removal method, according to Baker Hughes, which says the Terminator technology has already

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