A proposed debt restructuring effectively gives its creditors control of Hurricane Energy and the announcement drove its share price down to a record low of 1.39 pence.
Lundin’s production in the first quarter rose 20% from a year ago to 182,900 boe/d.
Marcellus Shale discoveries reported in Harrison County, West Virginia, Continental Resources Middle Bakken and Three Forks producers at single drill pad plus four Hayneville wells completed in Caddo Parish by Chesapeake Energy top this week’s oil and gas drilling activity highlights from around the world.
Connecting platforms to the onshore grid is seen as the main measure to reduce the industry’s emissions.
CGG said it has formed a partnership with London-based dCarbonX, which is building a strategic portfolio of subsurface geothermal, energy storage and carbon sequestration assets through a new process known as decarbonization exploration.
FourPhase, the solids and production performance specialist for the oil and gas sector, has successfully deployed its efficient DualFlow solids removal technology on April 21 for an intervention project with an independent E&P company on the Danish Continental Shelf in the North Sea.
Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.
New non-toxic corrosion inhibitors economically extend asset lifecycles and deliver environmental gains.
Here’s a snapshot of recent energy deals including two large Permian Basin deals including the surprise $6.4 billion acquisition of DoublePoint Energy by Pioneer Natural Resources.
A Haynesville Shale test by Sabine Oil & Gas in Panola County, Texas, plus EOG Resources’ launch of a drilling program in Wyoming’s Johnson County named for country music stars top this week’s oil and gas drilling activity highlights from around the world.