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United Kingdom

Shariq Khan

Exxon signals second quarterly loss in a row on production, refining hits

02 Jul 2020

HOUSTON Exxon Mobil Corp's oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post another quarterly loss this year. | Video

Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

GRAPHIC-Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

July 1 Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

Exclusive: Shell plans major restructuring around climate drive, CEO tells employees

23 Jun 2020

LONDON Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift towards low-carbon, CEO Ben van Beurden told employees, a company source said.

Exclusive: Shell plans major overhaul around climate drive, CEO tells employees

23 Jun 2020

LONDON Royal Dutch Shell will announce a major restructuring by the end of the year as the energy company prepares to accelerate its shift towards low-carbon, CEO Ben van Beurden told employees according to a company source.

EXCLUSIVE-Shell plans major overhaul around climate drive, CEO tells employees

23 Jun 2020

* Restructuring follows ambitious carbon reduction plan (Adds, details, background)

Ovintiv lays off 25% of workforce after oil demand slumps

18 Jun 2020

Ovintiv Inc said on Thursday it laid off 25% of its total workforce this month as the oil and gas producer grapples with plunging fuel demand and lower prices due to the COVID-19 crisis.

Schlumberger to take up to $1.4 billion charge for restructuring: CEO

16 Jun 2020

Oilfield services provider Schlumberger NV expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch said at a energy conference on Tuesday.

Shale companies look to bolster insurance for directors and officers

09 Jun 2020

June 9 The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits.

Hedge fund Angelo Gordon raising $1.5 billion for distressed energy debt: sources

01 Jun 2020

BANGALORE/DENVER Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by Reuters.

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