Page 1 - NorthAmOil Week 29
P. 1
Issue 613 23•July•2020 Week 29
A big deal
Chevron has agreed to buy Noble Energy for $5bn in stock, but whether this
ushers in a new wave of consolidation remains uncertain.
Quarterly loss
Halliburton has reported a $1.7bn loss for the second quarter of 2020,
compared with a $75mn profit during the same quarter a year ago.
Bankruptcy filings
California Resources filed for Chapter 11 bankruptcy protection last week,
with Bruin E&P Partners following suit this week.
Hibernia outage
Output at the Hibernia oil platform offshore Newfoundland and Labrador
was temporarily shut down following a spill of drilling and production fluids.
