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SEADRILL ASIA OIL COMPANY FILES FOR BANKRUPTCY

Seadrill Ltd., the rig operator, has filed for bankruptcy protection for its Asian subdivisions. This happened just after the economic downturn caused by the COVID-19 pandemic exacerbated the crisis in the work of offshore oil wells. The company filed for bankruptcy protection in the Southern District of Texas. Experts point out that the current bankruptcy petition filed in the US court is the second petition filed by the company, which was once the largest in terms of its market value. The statement ...

THE FIFTH ONE HAS GONE: ANOTHER BANKRUPTCY LAWSUIT HAS BEEN FILED AGAINST TECHNEFTINVEST

LLC CHOO "Vimpel" from Noyabrsk filed for bankruptcy of JSC "Oil Company "Oil Production Technologies and Investments" ("Techneftinvest"). The relevant information is provided in the file of arbitration cases. The new lawsuit is already the fifth against the organization. Proceedings in previous ...

Romania's oldest oil refinery declared bankrupt

The decision on the bankruptcy of the Steaua Română (Romanian Star) oil refinery was made on April 18 by a panel of judges in Bucharest. This means that the organization should be excluded from the state register of debtors, and all financial claims against the plant will be cancelled. The representatives of the organization ...

Nord Stream II preparing for bankruptcy

... of the company, Matthias Warnig. In the first days of March 2022, Rusbankrot already published a message about the possible bankruptcy of the company, but the company itself then publicly denied rumors of insolvency. At the same time, the company's management ... ... the head of the Gazprom Сompany, which owns the pipeline. Due to the project, in which the largest concerns of the energy and oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

... to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € ... ... notes that only now, against the backdrop of an acute geopolitical conflict, the state began to actively negotiate with such oil-producing countries as Qatar. The oil and gas market, according to the head of BVMW, is what can be called a ‘power economy’,...

Tax authorities initiate bankruptcy of Negusneft due to 7.9 billion rubles debt again

... application has not yet been accepted for consideration by the court. Earlier, the tax authorities have already tried to initiate a bankruptcy process. On August 18, 2021, the MI FTS No. 3 for the largest taxpayers demanded a slightly lower amount (7,895,112,... ... resolution of Judge Kuznetzova, refusing to introduce a surveillance procedure at the enterprise, was published. Sources link the oil and gas company, located in Raduzhny (Khanty-Mansiysk Autonomous Okrug), with the bankrupt Alexei Khotin and the Rus-Oil group ...

SBERBANK SELLS OIL COMPANY THROUGH AVITO

... warehouses, commercial real estate, rights to contracts and installations intended for drilling wells. A tempting offer may be explained easily. The fact is that the organization itself, its beneficiaries and guarantors for loans, are going through bankruptcy procedures. The Khanty-Mansi Autonomous Okrug Arbitration court recognized KNG OC insolvent in 2021. The sources say that Sberbank's attempt to sell out the oil assets has already been made before. The rights of claim have already been put up for auction several times: first in July 2021, and then in August. However, no one was willing to buy the company, along with special equipment and drilling contracts,...

KUBAN OIL FACTORY ‘SOLARIS’ DECLARED BANKRUPT

... established in 2010 in the village of Staromyshastovskaya (Dinsky district of the Kuban), gained fame thanks to the sunflower oil supplied to the market under the ‘Petrovna’ trademark. In 2017, the entire production complex of Solaris was sold to the Soyuz ... ... on the company's assets, which could have remained from the enterprise in the form of transport and land plots. But now, when bankruptcy proceedings have been announced, first of all, the debts of the company to the state and, possibly, employees must ...

TAX SERVICE OF URAL IS DRIVING THE DRILLING RIGS CONSTRUCTOR TO BANKRUPTCY

The Arbitration Court of the Khanty-Mansi Autonomous Okrug received an application from the tax authorities (FTS No. 6) about the bankruptcy of the Kama-Oil company. The details of the case are still unknown, since the court has not yet accepted the tax authorities' claim for proceedings. The amount of the claim is 1.59 million rubles. It is known that the company was established in May 2018. The company,...

GREAT LAKES PETROLEUM TRANSPORTATION FILES FOR BANKRUPTCY

... Eastern District of Michigan. Two Great Lakes subsidiaries (Petroleum Corp. and Holdings LLC) have also filed for Chapter 11 bankruptcy protection. The meeting of creditors is scheduled for April 8th. The company cited a catastrophic drop in freight traffic ... ... Michigan. According to the website of the Federal Motor Vehicle Safety Administration, Great Lakes owns 59 propulsion systems for oil transportation. The company employs 49 drivers. One of the Great Lakes' largest creditors is the Union Bank of Michigan, to ...

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