Here is an interesting way to approach filing for protection from creditors under the U.S. Bankruptcy Code:
File the usual Chapter 11 paperwork, along with all forms and information related to a Restructuring Support Agreement (RSA) agreed-to by no less than 72% of all creditors.
Russia, home of the world’s largest gas reserves, is planning to grab as much as 20% of the global liquefied natural gas (LNG) market by 2035, energy minister Alexander Novak said last week at the Russian Investment Forum in Sochi.
Global oil and gas deal volume hit a five-year low in 2017, and total global transaction value fell more than 12%, according to just-released data from tax/advisory services firm EY, in its Global Oil and Gas Transaction Review 2017.
Improving industry conditions in all four sectors of the global oil and gas industry in 2017 will carry over into 2018, increasing the likelihood of more and larger mergers and acquisitions, according to tax/advisory services giant EY.
Saudi Arabia will restrain its oil exports in March despite lower domestic need for crude, as OPEC’s leader is pushing to totally eliminate the global oil glut and overcome worries about a new cycle of oil price weakness.
Oil prices rebounded from earlier losses Wednesday after government data showed U.S. crude stocks rose less than expected and the Saudi energy minister indicated oil producers will not prematurely end a deal to limit output.
Fast rising crude oil production in non-OPEC countries, led by the U.S., is likely to grow by more than demand in 2018, the International Energy Agency (IEA) forecast Tuesday in its monthly outlook report.
Oil prices ended Monday's session little changed after earlier bouncing back strongly from last week's steep losses, as global equities steadied following their largest one-week slide in two years.