Friday, July 18, 2025

JPMorgan Presses Weatherford Over Debt Load

From Bloomberg Lenders to Weatherford International Plc have hired advisers to review whether the oil services company can keep up with payments on its $8 billion debt load. JPMorgan Chase & Co., the agent for the lenders, picked consultants at FTI Consulting Inc. to evaluate Weatherford’s financial condition, performance and strategic plan, according to people with knowledge of the matter. The hiring

Enbridge Seeking At Least Eight-Year Oil Shipping Commitments on Canada Mainline, Worrying Small Producers

From Reuters Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters. The minimum term Enbridge Inc is seeking, previously unreported, is raising fears among small Canadian producers that they will