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Courtroom scene illustrating Canacol Energy's bankruptcy protection filing in Canada due to liquidity crisis, with suspended stock charts in the background.
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Canacol Energy seeks bankruptcy protection in Canada amid liquidity crisis

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Canacol Energy Ltd. has sought judicial protection under the Companies’ Creditors Arrangement Act (CCAA) in the Court of King's Bench of Alberta, Canada, due to a severe liquidity crisis. The company faces trading suspensions of its shares on the Toronto Stock Exchange and Colombia's Bolsa de Valores de Colombia, with reviews for potential delisting. This step aims to restructure debts while sustaining operations in Colombia.

China National Offshore Oil Corporation (CNOOC), the country's largest producer, plans to boost oil and gas output to 780-800 million barrels of oil equivalent (BOE) in 2026, up to 3% from 2025's record. The announcement follows an 11.5% drop in 2025 net profit due to low oil prices despite record volumes.

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Departemen Dalam Negeri AS mengumumkan pada hari Senin bahwa mereka akan mengembalikan dana hampir $1 miliar kepada TotalEnergies untuk dua kontrak sewa ladang angin lepas pantai yang tidak terpakai di Samudra Atlantik. Sebagai gantinya, perusahaan asal Prancis tersebut berkomitmen untuk menginvestasikan dana tersebut ke dalam proyek minyak dan gas yang sudah berjalan di Teluk Meksiko dan Texas. Para kritikus menyebut kesepakatan ini tidak transparan dan tidak perlu.

The joint venture between NNPC and Seplat has launched a new power system and underground cabling initiative. This project aims to enhance infrastructure in the region. Details emerged on November 25, 2025.

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The Ministry of Petroleum and Mineral Resources announced on Monday that Khalda Petroleum Company has made a new gas discovery in the Western Desert. The company successfully drilled the exploratory well 'Gomana-1', where electrical logs confirmed gas-bearing zones. Test results indicated an estimated production rate of around 36 million cubic feet of gas per day.

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