Tuesday, September 8, 2026

Hornbeck Offshore Announces Reorganization Plan Approved By Court

COVINGTON, La., June 26, 2020 /PRNewswire/ — Hornbeck Offshore Services, Inc. (OTC Pink Marketplace: HOSSQ) (the “Company”) announced that the Company’s Joint Prepackaged Chapter 11 Plan of Reorganization (the “Plan”) was approved by Judge David R. Jones of the United States District Court for the Southern District of Texas.

Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic- oil and gas 360

Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic

CNBC The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic. The Fed said in a release that big banks will be required to suspend share buybacks and cap dividend payments at their current level for the third quarter

Urals u-turn as Europe shuns expensive Russian oil- oil and gas 360

Urals u-turn as Europe shuns expensive Russian oil

Reuters MOSCOW/LONDON  – The rapidly rising price of Russia’s flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday. Urals, a blend of heavy sour oil from the Urals mountains and Volga river region and light oil from Western Siberian fields, has traded at a hefty premium