{"id":1789,"date":"2017-11-17T21:01:40","date_gmt":"2017-11-17T22:01:40","guid":{"rendered":"http:\/\/madaresharghi.com\/oil-service-firms-dominate-n-america-energy-bankruptcies\/"},"modified":"2017-11-17T21:01:40","modified_gmt":"2017-11-17T22:01:40","slug":"oil-service-firms-dominate-n-america-energy-bankruptcies","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/","title":{"rendered":"Oil Service Firms Dominate N. America Energy Bankruptcies"},"content":{"rendered":"

madaresharghi<\/a>
\n<\/p>\n

\tOffshore oil drilling and services companies, hurt by the energy industry\u2019s shift to lower-cost shale and away from deepwater projects, are dominating the year\u2019s energy bankruptcies in North America, according to law firm Haynes and Boone.
\tThere were fewer oilfield service companies seeking protection this year than last but those that did have had larger debts. Through October, 44 oilfield services companies filed for bankruptcy in the United States and Canada owing creditors $24.8 billion, compared with 72 companies and $13.48 billion for all of 2016.
\tJust two offshore companies accounted for 45% of the total owed creditors this year, the law firm\u2019s figures show. Deepwater offshore services firm Seadrill Ltd\u2019s September filing was the largest bankruptcy this year with $8 billion in debts, while Ocean Rig UDW Inc filed owing $3.6 billion, Reuters reported.
\tOn Nov. 12, another offshore driller, Pacific Drilling, filed for bankruptcy protection with $3.2 billion owed to creditors. That filing was not included in the survey.
\tOil prices have rebounded this year with the US benchmark up 22% in the last 52 weeks to about $55 a barrel. That gain has stirred onshore drilling and production, but has not been enough to boost the more costly offshore and deepwater drilling.
\t\u201cIf you\u2019re going to get $50-a-barrel oil, you want the cheapest way of getting that barrel and offshore isn\u2019t it,\u201d Ian Peck, chairman of Haynes and Boone\u2019s restructuring practice group, said in an interview.
\tThe law firm\u2019s survey of energy bankruptcy filings in the United States and Canada also shows a sharp reduction this year in the number of bankruptcy filings by oil and gas producers and by energy pipeline and storage firms.<\/p>\n

\t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

madaresharghi Offshore oil drilling and services companies, hurt by the energy industry\u2019s shift to lower-cost shale and away from deepwater projects, are dominating the year\u2019s energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"\nOil Service Firms Dominate N. America Energy Bankruptcies - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Service Firms Dominate N. America Energy Bankruptcies - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Offshore oil drilling and services companies, hurt by the energy industry\u2019s shift to lower-cost shale and away from deepwater projects, are dominating the year\u2019s energy bankruptcies in North America, according to law firm Haynes and Boone. There were fewer oilfield service companies seeking protection this year than last but those that did have had […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-17T22:01:40+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/\",\"name\":\"Oil Service Firms Dominate N. America Energy Bankruptcies - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-11-17T22:01:40+00:00\",\"dateModified\":\"2017-11-17T22:01:40+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/oil-service-firms-dominate-n-america-energy-bankruptcies\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1789"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1789"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1789\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}