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Prairie said the transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped (PUD) drilling locations.

A group of Baltic and Nordic gas transporters signed a contract for a pre-feasibility study for an EU hydrogen infrastructure network.

The company's adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the comparable period in 2022.

The Calgary-based company's revenue increased 4.1 percent to $322.97 million (CAD 446.7 million) year over year.

Precision's drilling rigs continued to reprice at higher day rates.

With the transaction, Precision adds 62 marketed service rigs and seven marketed drilling rigs in Canada and 11 marketed drilling rigs in the USA.

Predator Oil & Gas Holdings Plc has entered exploratory discussions to potentially sell its share of gas produced at the Guercif Compressed Natural Gas project.

The extension will facilitate the drilling of the MOU-5 well to evaluate the 68-square-mile (177-square-kilometer) Jurassic structural closure in a crestal location.

The increase in operating loss is mostly attributed to increased drilling activity in Morocco.

'Technologies, such as AI, machine learning, and the internet of things (IoT) add enormous value to predictive maintenance strategies'.