Moody’s Investors Service said $1.85 billion of the Houston oil producer’s debt is at higher risk of default after financial disclosures in its annual report Tuesday indicated it has an “unsustainable capital structure.” More »
Petroleos Mexicanos, or Pemex, said it became aware of the missing workers when it recounted personnel after Wednesday’s fire on the Abkatun-A Permanente shallow-water platform in the Campeche Sound. More »
Craft laborers require years of training, but the industry has failed to consistently invest in developing that workforce, leading to a worker shortage plaguing the petrochemical building spree. More »
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