Archives for March 2017
Ethos Offshore files Chapter 7 bankruptcy
Ethos Offshore US filed for Chapter 7 bankruptcy after its board of directors concluded the subsea engineering and construction services company based in Houston is insolvent and unable to pay its bills. The filing Tuesday...
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U.S. oil drops more than 5 percent
U.S. crude prices fell more than 5 percent on Wednesday to its lowest point in more than two months amid a new report of surging crude inventories. The Energy Department said U.S. oil inventories increased...
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Water poses problems for the energy industry in the Permian
Wastewater injection faces an uncertain future in West Texas’ prolific Permian basin, and companies working there will have to consider how else to dispose of water produced by fracking, said Alex Archila, the asset president...
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As oil exports boom in Iran, investment questions loom
More than a year after the United Nations lifted sanctions against Iran, crude exports from Iran have come roaring back. Iranian Oil Minister Bijan Namdar Zanganeh says the country exported more than 3 million barrels...
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Market Currents: Record US oil inventories weigh on prices
As U.S. crude inventories jump to a further record high, prices are chugging lower once again. A backdrop of strong economic data is also helping to sweep crude lower, via the broom of a stronger...
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