AUSTRALIA

Hydra, Hibiscus set to merge

PERTH-based marginal oil field concern Hydra Energy, developer of the Honeybee mobile offshore drilling and production unit, looks set to become a part of troubled Malaysian oiler Hibiscus Petroleum.

Over the weekend the pair signed a deal which could see the Barclays Natural Resource Investments-backed Hydra become part of Hibiscus via the issue of new shares in Hibiscus. Hibiscus said the proposed...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry