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.
Two new offshore support vessels will be built for deployment in Saudi Arabia under an agreement between UAE-based shipbuilder Grandweld Shipyards and Bahri Logistics, expanding vessel capacity to support offshore energy operations at Ras Tanura Port.
Halliburton has been awarded a multi-year agreement by Kuwait Oil Company (KOC) to support development of the Ahmadi Innovation Valley (AIV), a research and development center designed to accelerate technology innovation across Kuwait’s upstream oil and gas sector.
Velesto Energy Berhad has been awarded a contract valued at approximately $51 million by Hess Exploration and Production Malaysia B.V., a wholly owned subsidiary of Chevron, to provide integrated rig, drilling and completion (i-RDC) services for Chevron Malaysia’s North Malay Basin Full Field Development campaign.