Tuesday , 5 May 2026

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Extraction Oil & Gas files bankruptcy amid slump

Bloomberg Extraction Oil & Gas Inc filed for bankruptcy with plans to hand ownership to its creditors, becoming the latest producer to succumb to the energy industry’s slump. Some of Extraction’s noteholders agreed to swap unsecured debt for equity, according to a statement. The Denver-based company sought court protection in Delaware after skipping a May 15 interest payment on its …

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South Africa begins new nuclear plan

Bloomberg South Africa’s Department of Mineral Resources and Energy took another step towards building a new nuclear-power program. The department issued a request for information for 2,500 megawatts of capacity, the ministry said in a statement. Submissions will close on September 15. “This will enable the department to gain insight into the cost of the program, possible ownership structures, cost …

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UK reopening lags Europe due to quarantine: EasyJet

Bloomberg EasyJet Plc said a travel restart in the UK is lagging behind the rest of Europe because a 14-day quarantine for people arriving in Britain puts off would-be travellers from flying. The Luton, England-based carrier is seeing strong demand away from its home market, Chief Executive Officer Johan Lundgren said in a Bloomberg TV interview on Monday. EasyJet, which …

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