Stronghold Energy II Holdings, a newly formed oil and gas exploration-production company, on Friday announced it’s received a line of equity financing of up to $150 million from funds affiliated with private equity firm Warburg Pincus.
U.S. crude oil supply will surpass the 10-million-barrels-per-day (MMBPD) mark this year, overtaking Saudi Arabia and rivalling Russia, the International Energy Agency (IEA) said Friday on its monthly oil report.
London-listed upstream company Upland Resources said Thursday it terminated its conditional farm-in agreement for 10% of the Wressle development project following a recent appeals refusal for the project’s application.
Coming off the biggest increase in working rigs since early last June, the working rig count onshore in the Lower 48 U.S. states last week fell by a pair of rigs, the weekly Baker Hughes, a GE company, survey reveals.
British oil and gas explorer IGas’ application to flow test a gas wellsite in northwest England has been recommended for approval by the Cheshire West & Chester Council, prior to a decisive meeting on Thursday.
London-listed oil and gas explorer, Genel Energy, announced on Friday a “significant upgrade” to the combined 2C contingent gas resources of two of its onshore oil and gas fields in the Kurdistan region of Iraq, Kallanish Energy reports.