Post Tagged with: "Losses"

Source: CNBC

Shale industry will be rocked by $300 billion in losses and a wave of bankruptcies, Deloitte says

CNBC


The U.S. shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Monday.

The firm believes that exploration and production companies could  write down …

Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

Oil Dives Nearly 5% to Seven-Month Low on Surprise U.S. Stock Build, Trade War

From Reuters


Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.…

Weatherford International plc

Weatherford International (WFT) Targets $1 Billion Cost Savings in 18-24 Months

How? Treat the $1 billion as a thousand $1 million decisions – McCollum

Swiss-based oilfield service giant Weatherford International plc (ticker: WFT) reported a net loss of $256 million, or ($0.26) per share on revenues of $1.46 billion for the …