Weatherford International is headed to bankruptcy court to try to slash its crushing debt load.
On Friday, the services company said it planned to file under Chapter 11, and announced that its senior creditors are expected to facilitate financing that will sustain operations during bankruptcy and afterward.
The company’s statement on...
Development banks climate finance offers is huge. In a report published by <a href="http://Alternative Energy Africa.", climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint...
The following analysis of how this weekend's attacks against Saudi Arabia's largest oil facility will affect oilprices is offered by Chris Weafer, Senior Partner, Macro-Advisory Ltd., Moscow Though the Saudi attack spikes oilprices temporarily, it is unlikely to affect prices long term.
The attacks against Saudi Arabia’s largest oil facility...
South Sudan needs investment from the energy industry in the form of money and technology if the country is to rebuild and stabilize itself.
That was the point that Nj Ayuk, Executive Chairman of the African Energy Chamberand CEO of the Centurion Law Group, made in a keynote at the...
Saudi Aramco and ACWA Power signed a memorandum of understanding (MOU) with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country.
As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at the recent signing ceremony.
The Bangladesh...
