non-core assets

Chesapeake Energy posts Q4 loss on heavy write-down

Oklahoma-based Chesapeake Energy has posted losses over $14 billion for 2015 and a net loss of $2.23 billion or $3.36 a share for the fourth quarter. The major reason for deep loss was writing down value of oil and gas fields in the wake of prolonged lower oil prices. However, the loss was better than the market forecast.

Read Full Article

Devon Energy Cuts 1,000 Jobs, Company May Cut 600 More to Reduce Expenses

Oil and gas prices have continued to slashing down in 2016. Due to lower commodity prices, Oil and gas companies are adopting cost reductive measures including job cuts. After job cut spree in Sandridge Energy, Devon Energy has announced 1,000 job cuts on Tuesday. The company has forecast for another 600 job cuts ahead.

Read Full Article

Lafarge on the way to $700M trade for its gypsum enterprise

The world's biggest cement and concrete manufacturer is just around the corner of vending its North American gypsum unit to Lone Star for about $700 million, informants said.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics