41670
US Oil Firm Bankrupt
World Economy

US Oil Firm Bankrupt

Breitburn Energy Partners LP and some of its units filed for restructuring under Chapter 11 of the US bankruptcy code on Monday, the latest company to face the brunt of low commodity prices, Reuters reported. The oil and gas master limited partnership said it secured a $75 million debtor-in-possession financing, in addition to cash from its operations and cash on hand, to fund its operations during the bankruptcy process. The company listed assets in the range of $1 billion to $10 billion, and liabilities of $1 billion to $10 billion.

 

Short URL : http://goo.gl/Ix4Xsd
  1. http://goo.gl/YmvSq7
  • http://goo.gl/qD6kR2
  • http://goo.gl/0jihmU
  • http://goo.gl/hB2V7u
  • http://goo.gl/pOb7qb

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
US Tariffs to Cost Germans $23b
US President Donald Trump’s tariffs will lead to a drop in...

Trending

Googleplus