Thursday, August 13, 2026

Hercules Offshore Officially Triggers Wind-Down

From the Wall Street Journal Hercules Offshore Inc. has returned to bankruptcy protection, planning to sell off its assets and shut down just months after a balance sheet reshaping that was supposed to save the business. The long decline in oil prices pushed the Houston oil-and-gas driller back into chapter 11 bankruptcy protection Sunday. The bankruptcy filing followed an announcement

Tillerson Sees ExxonMobil Investing $10 Billion in Argentina’s Vaca Muerta Shale Play

Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming

Warren Resources Lawyers Lay Out Plans to Exit Bankruptcy Proceedings

From the Wall Street Journal Lawyers who put oil and gas producer Warren Resources Inc. into bankruptcy proceedings laid out plans at a Friday court hearing for the company to get a fresh financial start. The Houston-based company said its executives have negotiated a $20 million bankruptcy loan so it can continue pulling natural gas from underground deposits in Pennsylvania and crude oil from

Equatorial Guinea Launches 2016 Oil and Gas Licensing Round, 32 of 37 Blocks Are Offshore

The bidding round, EG Ronda 2016, welcomes expressions of interest on 37 open licenses. The bidding period concludes November 30, 2016 MALABO, Equatorial Guinea, June 6, 2016/ — Equatorial Guinea’s Ministry of Mines, Industry and Energy (MMIE) (www.MMIE.gob.gq) today launched the country’s latest oil and gas blocks licensing round, EG Ronda 2016 (www.EGronda2016.com), at the Africa Oil & Power conference.