Africa Oil has signed a call and put option agreement with three shareholders in Impact Oil and Gas to purchase a material 7.0% interest in Impact (‘Option Agreement’). If exercised, the Option Agreement will increase Africa Oil’s Impact shareholding to 39.5%.
An Exxon Mobil (XOM.N), opens new tab consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
Output had fallen to between 400,000 and 500,000 barrels per day from July 2 through the end of the month, government data showed, a sign that planned work on the floating production storage and offloading (FPSO) facilities had begun.
Brazil’s state-controlled oil and gas producer Petroleo Brasileiro SA (Petrobras) is hunting for shale gas deals in Argentina as part of a bigger plan to increase supplies of the fuel to spur industrial growth, according to people familiar with the strategy.
Oil advanced after Libya’s eastern government said it will halt exports, building on tensions in the Middle East after Israeli strikes on Hezbollah targets in southern Lebanon raised concerns of a broader conflict.
Gran Tierra Energy has announced plans to acquire i3 Energy plc in a cash and share deal valued at $225 million.
A Hibiscus Petroleum subsidiary has signed a farm-in deal for 30% interest in a production sharing contract for a block offshore Malaysia.
The North Sea oil and gas firm has reported a fall in profits and revenue for the six months to June 30, hit by impairment charges, lower production and a slump in oil and gas prices.
An Exxon Mobil consortium’s crude output in Guyana has been fully restored at two floating production facilities after workers completed a natural gas pipeline tie-in, a company spokesperson said on Monday.
New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import liquefied natural gas (LNG) amid energy shortages.
Indonesian authorities have approved Eni’s plan of development (PoD) for the Geng North and Gehem gasfields in the Kutei Basin, the Italian major announced on Friday.