MARKETS

Massive surge in US oil bankruptcies over second quarter

THE SECOND quarter of 2020 saw a surge in bankruptcies from the US onshore and offshore energy sector, with nearly US$39 billion of debt brought before Houston's bankruptcy court - more than triple the amount in the first quarter.

paul hunt

Massive surge in US oil bankruptcies over second quarter

The collapse in oil prices, the softer gas market, and an oversupply of oil due to the COVID-19 pandemic which restricted travel and movement, has dealt a US$50.72 billion blow to the oil and gas...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

POLICY

EDO scrambles to limit Barossa disclosure to Santos

OPERATIONS

Clock's ticking for EDO to handover Barossa documents to Santos

ENERGY TRANSITION

Queensland on track for largest green hydrogen development

POLICY

Feature interview: South Korean minister on his country's special relationship with Australia

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.