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(Bloomberg) — Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown in drilling programs. Read More
Imperial Oil Ltd. plans to shut the historic Norman Wells oil production site near the Arctic Circle in Canada after a century of operation. Read More
(Bloomberg) — The Carlyle Group has entered the ranking of Europe’s top ten fuel makers as Big Oil companies look to tighten up their portfolios and offload major polluting businesses like refineries. Read More
(Bloomberg) — For years, one credit-ratings firm has handed out the most favorable grades to corporate borrowers in the Canadian bond market: Morningstar DBRS. On average, its ratings are one full notch higher than those assigned by S&P Global Ratings, Moody’s Ratings and Fitch Ratings. Read More
