Comstock Resources, Inc. and Azerbaijan’s SOCAR have signed a framework agreement advancing their previously announced $1.65 billion strategic partnership in the Haynesville shale. The agreement formalizes the companies’ commitment to negotiate and execute a definitive purchase and sale agreement consistent with the letter of intent announced earlier this year. Comstock expects the definitive agreement […]
INEOS is marking 10 years since the first shipment of U.S. shale ethane arrived at its Grangemouth complex in Scotland, establishing a supply route that has since delivered more than 400 cargoes of feedstock to the petrochemical site. The first purpose-built Dragon-class vessel, the JS INEOS Insight, arrived at Grangemouth on Sept. 28, 2016, […]
Oman’s Ministry of Energy and Minerals has awarded OQ Exploration and Production (OQEP) three petroleum concession agreements covering more than 30,000 square kilometres, in a solo award that expands the majority state-owned company’s domestic exploration footprint. The agreements, covering blocks 36, 43A and 66, were signed on September 26 by Energy and Minerals Minister Salim […]
Eni has won the bid for a new license area in Indonesia near its existing discoveries in the Southeast Asian archipelago. “The Sapukala offshore block covers a large area in the deep-water sector (1,000-2,500 m water depth) of the Kutei Basin, East Kalimantan”, the Italian state-controlled company said in a press release. “The acreage is […]
The Tema Oil Refinery (TOR) has received 950,000 barrels of Sankofa-Gye Nyame light sweet crude from Ghana National Petroleum Corporation (GNPC), marking the first time a Ghanaian refinery has received crude from the field for refining.The cargo, sourced from the Offshore Cape Three Points (OCTP) block at Sanzule in WesternRegion, was delivered aboard the Sonangol […]
Tullow Oil’s 2025-26 drilling campaign at its fields offshore Ghana has concluded. The last of the seven new completed wells – a water injector on the Jubilee field – came onstream earlier this month. All the previous six wells were Jubilee producers. Tullow added that 4D seismic data interpretation had paid off in terms of […]
Tullow Oil confirmed production was on track to hit the upper end of its guidance range on Monday, following a strong first half. The independent exploration and production firm said working interest oil and gas production in the six months to 30 June was 43,700 barrels of oil equivalent per day (boepd), while a surge […]
Vingroup has decided to contribute capital to establish Vin Oil&Gas Global JSC (VOG), a company operating in the investment and trading of petroleum and oil and gas products. According to the disclosed information, VOG has a charter capital of VNĐ1 trillion (US$38.5 million), with Vingroup holding a 51 per cent stake, equivalent to a capital […]
Kalpataru Projects International Ltd. on Monday, September 28, said it has won a “major’ engineering, procurement and construction (EPC) order in its oil and gas business. The stock, opened higher, but has given up those gains to trade with losses. The company informed the exchanges that it has received a letter of award (LoA) for […]
1947 Oil & Gas PLC (AIM:1947) begins trading on AIM today, with shares marked at a premium price and ambitions to lift production from its newly acquired US Gulf of America assets by around 50% over the next two years. In its London IPO, the junior oil and gas raised roughly £30 million at 10p a […]