U.S. natural gas giant Chesapeake Energy goes bankrupt

World 1 week ago CBC World 17
Chesapeake Energy Layoffs

Bankrupt U.S. shale pioneer Chesapeake Energy on Monday laid out its long-term plans and detailed dramatically reduced drilling through the end of the year, with half the rigs as it had to start 2020. Chesapeake on Sunday became the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debt and the impact of the coronavirus outbreak on energy markets.

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