Category Oil & Gas Blog

Bristow Group Shakes Off Bankruptcy

Bristow Group Successfully Emerges From Chapter 11 Completes Financial Restructuring with $535 Million in New Capital, an Industry-Leading Balance Sheet and Improved Liquidity Bristow Group Inc. today announced that it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy

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Pemex Increases Output by Tapping more Readily-accessible fields

Bonds of Petroleos Mexicanos rose after the producer reported the first output increase in six quarters as it taps easier-to-reach onshore and shallow water fields. Oil production averaged 1.69 MMbpd in the third quarter, a slight increase from a revised 1.67 million the previous quarter, the Mexican state-owned company said Monday. The company’s debt fell

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