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OIL & GAS

Pilot Energy's capital crunch deepens as decommissioning threat looms

Unfinalised JV deal, suspended shares and $100m-plus clean-up risk weigh on future

Rueben Hale
The ageing Cliff Head oil platform

The ageing Cliff Head oil platform | Credits: File photo

Pilot Energy and joint venture partner and creditor Triangle Energy are under growing pressure to secure fresh capital and restore investor confidence, as governance uncertainty and chronic funding shortfalls...

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