On Monday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -3.25% to $10.42, hitting its lowest level, as oil prices fell to three-month lows.
Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 per cent as Greece’s rejection of debt bailout terms and China’s stock market woes set off a deepening spiral of losses.
Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the market if sanctions on Tehran are eased. The self-imposed deadline could be extended again, officials at the negotiations said.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas.
Shares of Schlumberger Limited (NYSE:SLB), declined -0.62% to $83.49, during its last trading session.
Woodside Energy Ltd. and OneSubsea®, a Cameron (CAM) and Schlumberger Limited, company, jointly declare that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the projected Woodside-operated Browse FLNG Development offshore northwest Australia.
A dedicated team of OneSubsea experts, operating out of OneSubsea’s Perth city office, will now work collaboratively with Woodside to fully define and determine the optimal subsea production system design and equipment requirements for the Browse FLNG Development.
The contract will involve up to 20 locally employed people working on the subsea scope over the next 12 to 18 months as Woodside prepares for a final investment decision (FID).
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Finally, Avon Products Inc. (NYSE:AVP), ended its last trade with -1.44% loss, and closed at $6.17, hitting its lowest level.
Avon Products, will provide a live webcast of its second-quarter 2015 earnings conference call on Thursday, July 30, 2015, at 10 a.m. EDT.
Avon Products, Inc. manufactures and markets beauty and related products worldwide. It offers beauty products, such as skincare, and personal care products, in addition to fragrances and color cosmetics; and fashion and home products comprising of jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products.
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