Friday, April 18, 2025

WPX Energy Plans to Grow Oil Production Another 25% in 2017

WPX focused on growing three prolific plays; projects 25% oil growth in 2017; 50% oil growth in 2018 WPX Energy released its Q3 numbers Wednesday, reporting a loss of $245 million, $238 million of which was due to the divestment of transportation contracts. The company continues to keep line-of-sight on growing its production, however, and is anticipating a 25% increase

France’s Nuclear Storm: Many Power Plants Down Due to Quality Concerns

France turning to coal, Germany revving up plants From Power Magazine [Note: This article will appear in the forthcoming December 2016 print issue of POWER.] The discovery of widespread carbon segregation problems in critical nuclear plant components has crippled the French power industry—20 of the country’s 58 reactors are currently offline and under heavy scrutiny. France’s nuclear safety chairman said more

Maersk Divests its Shares in Danske Bank

From Marine Link Danish shipping and energy giant A.P. Møller – Maersk A/S has sold its shares in the Danske Bank A/S for a total of DKK 3.2 billion (USD 477 million). Maersk owns 16.2 million shares representing 1.6 per cent of the total shares in Denmark‘s largest bank. Sales are made through an accelerated book building, which will also determine