bankruptcy | Egypt Oil & Gas

Chesapeake to Half Number of Active Rigs

Chesapeake Energy has announced its long-term plan amidst filing for bankruptcy and will operate half the number of active rigs in the second half of the year compared to Q1.

Glencore, Carlyle Team to Buy Moroccan Refinery

Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.

US Energy XXI Mulls Bankruptcy Protection Amid Low Oil Prices

US oil and gas producer Energy XXI may seek Chapter 11 bankruptcy protection in March if oil prices remain low and it fails to refinance its debt.

Libya Risks Facing Bankruptcy as Oil Prices fall

Rome: The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if its oil output and prices on international markets continue to fall. financial assets if the situation d ...

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