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The most recent oil and gas industry financial headlines.
Whiting Petroleum Slashes 2017 Budget After Quarterly Loss
Wednesday, July 26, 2017 - Whiting Petroleum slashed its 2017 budget by 14%, the latest company to curtail spending due to weak commodity prices.
Hess Slashes 2017 Capital Budget After Quarterly Loss
Wednesday, July 26, 2017 - Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.
Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks
Wednesday, July 26, 2017 - Seadrill again delayed restructuring its $14 billion in debt and liabilities and reiterated that Chapter 11 bankruptcy was likely.
Mexico's Pemex Says $5B Bond Deal Covers Needs Through 2018
Monday, July 24, 2017 - Pemex says that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.
Halliburton Sees N. America Rig Count Flattening, Shares Down
Monday, July 24, 2017 - Halliburton reported impressive second quarter results but warned the growth in North American rig count was "showing signs of plateauing."
Canada's Encana Smashes Profit Estimates, Shares Rise
Friday, July 21, 2017 - Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.
Husky Energy Posts Smaller 2Q Loss On Higher Oil Prices
Friday, July 21, 2017 - Husky reports a smaller loss, helped partly by higher oil prices and an increase in production.
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