Ultra Petroleum seeks bankruptcy protection

Unable to reach a debt-restructuring deal for its $3.9 billion in unsecured debt, Ultra Petroleum Corp. filed for Chapter 11 bankruptcy protection on Apr. 29 in Houston. Source: News


Shell cancels FLNG orders for Browse development

Royal Dutch Shell PLC has cancelled a $4.6-billion contract with South Korean shipbuilder Samsung Heavy Industries Co. Ltd. for three floating LNG vessels. Source: News


Midstates Petroleum files bankruptcy

Midstates Petroleum Co. Inc. and Midstates Petroleum LLC, Tulsa, have filed for voluntary bankruptcy and will reorganize under a prearranged financial restructuring. Source: News


MARKET WATCH: NYMEX crude oil price back under $46/bbl

Light, sweet crude prices for June delivery varied widely on the New York market during Apr. 29 trading, closing at $45.92/bbl after swinging from a daily high of $46.78 and a low of $45.24. Source: News