Matador Resources Co. agreed to buy Permian Basin assets from EnCap Investments LP for about $1.3 billion in cash, as US shale producers continue to expand their drilling inventories in the nation’s biggest oil field.
Repsol reported stronger first-half upstream earnings as oil and gas production climbed to its highest level in two years, supported by new production from Alaska’s Pikka development and continued progress across its global exploration and production portfolio.
Oil climbed above $100/bbl for the first time in two months after Iran-backed Houthi militants said they attacked two Saudi Arabian tankers in the Red Sea, raising fresh concerns about global crude supplies as the Middle East conflict continues to escalate.
Matador Resources has agreed to acquire Permian basin operator Paloma Permian LLC for $1.275 billion in cash while also expanding its position in the emerging Woodford play, where the company reported encouraging results from its first exploratory well in southeast New Mexico.
Under the contract, drill-ship the Santorini will be assigned to carry out development drilling offshore Côte d’Ivoire.
Eco (Atlantic) Oil & Gas said it made significant progress across its Atlantic Margin exploration portfolio during its fiscal year ended March 31, highlighting strategic partnerships with bp and Navitas Petroleum that advance exploration activities in Namibia, Guyana and South Africa.
Daily oil production at Ghana’s Jubilee field has climbed to about 95,000 barrels, up from a projected 68,000 barrels, after four new wells were drilled this year, according to the mid-year fiscal review Finance Minister Dr. Cassiel Ato Forson presented to Parliament on Thursday.
Energy data and intelligence provider TGS has signed an agreement with Ghana’s Petroleum Commission to deliver a new offshore 2D-cubed seismic project in the Keta Basin off the Ghanaian coast.
TGS has launched three seismic data projects offshore Ghana, Norway and Canada, expanding its multi-client data portfolio as explorers seek to unlock frontier and underexplored offshore basins.
Australia’s Northern Territory has granted land to a major data center project that claims it could attract A$40 billion ($28 billion) in private investment.