The Toronto Stock Exchange has suspended trading of the shares of Pacific Energy Resources Ltd., Long Beach, Calif. (Toronto: PFE) for the company’s failure to meet listing requirements, citing the company’s insolvency proceedings, financial condition and low share price.
Pacific Energy says it will not appeal the decision and is evaluating its options, including the potential to have its shares listed on alternative exchanges.
China's CNOOC Discovers Oilfield in Bohai Sea
2023-03-01 - CNOOC's discovery has been tested to produce an average of around 2,040 bbl of crude and 11.25 MMcf/d of natural gas.
April US Shale Production Set to Rise to Highest Since December 2019
2023-03-13 - Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Indonesia Picks Consortia to Explore Three Oil and Gas Blocks
2023-02-22 - Indonesia plans to offer 10 oil and gas working areas to contractors in 2023.
TotalEnergies Gives Lapa South-West the Green Light
2023-01-17 - The subsea tieback offshore Brazil is expected to go onstream in 2025, producing to the Lapa FPSO, which has produced the field since 2016.
APA Corp. Eyes 200 MMbbl at Sapakara South-2
2023-02-09 - Houston-based APA Corp. said data collected from the flow test and subsequent pressure build-up at the Sapakara South-2 (SPS-2) appraisal well offshore Suriname in Block 58 indicated incremental connected resource of over 200 MMbbl of oil in place.