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Tag Archives: oil price collapse

EQT attracts offers for Dutch oil storage firm Koole – sources

LONDON/FRANKFURT – Swedish buyout group EQT has received offers for its Dutch oil storage group Koole Terminals valuing the business at more than 1 billion euros ($1.1 bln), several people familiar with the deal said. The investor last week collected more than 10 tentative bids, mainly from infrastructure investors, and will now pick several groups to submit final bids, the ...

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CERAWeek: Oil price collapse calls for new breed of CEO – consultant

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HOUSTON – The energy sector will need a “new breed” of executives who innovate in real-time to effectively navigate through the crude oil price collapse and the industry transformation that is expected to follow, an energy headhunter and leadership consultant said on Monday. The oil price crash represents for some “a great chance to seize on the crisis and turn ...

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Permian rig plummet deepens

Permian Basin producers idled another 37 drilling rigs in the past week as the price collapse continues to force them to punch fewer holes in the ground, deepening a rapid downturn in oil activity, according to the latest rig count released Friday by Baker Hughes. The latest drop left the Permian Basin with 417 rigs, or 26 percent less than ...

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