LONDON, UK: Union Jack Oil plc, a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced that it has signed two farm-in agreements with Reach Oil & Gas Company Inc in Oklahoma, USA. The first deal gives Union Jack a 75% stake in a well that will test the Footwall Fold…
Tag: gas
Good Energy partners with Barrow Green Gas for shipping services
LONDON, UK: The Board of Good Energy, the 100% renewable electricity supplier and innovative energy services provider, has partnered with Barrow Green Gas for shipping services. The agreement ensures continuity for Good Energy’s gas customers and builds on the renewable supplier’s longstanding relationship with Barrow. Barrow has been contracted by Good Energy for gas shipping…
Reabold Resources offers to acquire 13.12% additional shares in Corallian Energy Limited
LONDON: Reabold Resources has conditionally offered to acquire additional Corallian Energy Limited shares from existing Corallian shareholders, in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share, potentially increasing Reabold’s shareholding in Corallian to a maximum of 49.99%. Assuming a full take up of the Offer, Reabold would acquire…
OMV Petrom to be operator of Neptun Deep block, as Romgaz finalizes deal with ExxonMobil
LONDON: OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea. These are essential for Romania’s energy security, for the success of the energy transition and for generating economic growth, a news release said. In case of acceptance of the Romgaz offer by ExxonMobil, OMV Petrom will act as…
Serica Energy announces Columbus development well spud
LONDON: Serica Energy plc announced the spud of the Columbus 23/16f-CDev1 development well in the UK Central North Sea which will be drilled to a total depth of 17,600ft and will include a 5,600ft horizontal section. The well is being drilled with the Maersk Resilient Heavy Duty Jack Up rig and is expected to take…
Savannah’s Accugas signs gas sales agreement with Mulak Energy
LONDON: Savannah Energy announced that its Accugas subsidiary has entered into a new gas sales agreement (GSA) with Mulak Energy Limited. The GSA is initially for a seven-year term. It envisages the supply of gas produced by Savannah’s majority-owned Uquo field for an initial two-year period on an interruptible basis and the subsequent five years…
Real Energy and Strata-X Energy agree to merge businesses into Pure Energy
SYDNEY: Real Energy Corporation Limited, an Australian east coast focused gas company and Strata-X Energy Limited announced that the two companies have entered into a binding Scheme Implementation Agreement to pursue a nil premium merger whereby Real Energy shareholders will receive one new Strata-X Energy share for three Real Energy shares that they own. Pure…
Berkshire Hathaway Energy to acquire Dominion Energy’s gas transmission and storage business for $9.7 billion
DES MOINES: Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced it has executed a definitive agreement to acquire Dominion Energy’s natural gas transmission and storage business. The transaction has an enterprise value of approximately $9.7 billion. The assets include over 7,700 miles of natural gas transmission lines, with approximately 20.8 billion…
Victoria Oil & Gas terminates agreement to supply gas to ENEO
LONDON: Victoria Oil & Gas Plc subsidiary Gaz du Cameroun S.A. (GDC provides an update on the gas sales agreement with ENEO Cameroon S.A. (ENEO). SUMMARY: GDC has unerringly supplied natural gas to ENEO at its Logbaba power plant since 2015 despite ENEO’s poor payment record GDC has made repeated requests in writing and in…
Europa Oil & Gas acquires offshore Ireland licence in proven gas play
LONDON: Europa Oil & Gas (Holdings) plc has announced the conditional acquisition of a 100% interest in Frontier Exploration Licence (FEL) 3/19, offshore Ireland, from DNO. Acquiring FEL 3/19, which is located close to the 1tcf producing Corrib gas field in the Slyne basin, will add the 1.2 tcf Edge prospect to Europa’s inventory in…
Senex completes transformational $400 million Surat Basin natural gas development project
MELBOURNE: Senex Energy Ltd has announced the successful completion of its 100% owned Surat Basin natural gas development project, establishing Senex as an important supplier of gas to the domestic market. Senex has now completed its 80 well Surat Basin drilling campaign, down from —110 wells originally planned due to continued production outperformance. In conjunction…
PPL discovers gas in Balochistan
KARACHI: Pakistan Petroleum Limited (PPL) the operator of Margand Block with 100 percent working interest has made a hydrocarbons discovery from its 1st exploratory well Margand X-1 in the block. It is located in District Kalat, Balochistan Province. Margand X-1 was spud on 30 June 2019 and reached a depth of 4,500 meters (Measured Depth)…