Black Stone Minerals, L.P. (NYSE: BSM), a leading owner of oil and natural gas mineral interests in the United States, announced its financial and operating results for the fourth quarter and full year of 2023 and provided guidance for 2024. The Company reported net income of $147.6 million and Adjusted EBITDA of $125.5 million for…
Tag: oil and gas
IPC explores diverse sources of funding with a $300mn bond issue
STOCKHOLM, SWEDEN: International Petroleum Corporation (IPC) has raised $300 million through a bond issue, as the Lundin Group’s company explores diverse sources of funding to capitalize on the next phase of the energy transition in the upstream oil and gas industry. IPC announced it completed a private placement of USD 300 million of senior unsecured…
Winchester Energy acquires 100% working interest in Varn Oil Field
SYDNEY, AUSTRALIA: Winchester Energy Limited (ASX: WEL) announced the acquisition of a 100% working interest in the Varn Oil Field, located 18 miles to the east of Winchester’s existing producing assets in Nolan County, Texas. The Varn Oil Field contains existing Proven and Probable (2P) of 1,068,000 barrels of oil (boe) comprised of 994,000 barrels…
Reuben Segal appointed new CEO of AqualisBraemar LOC ASA
OSLO, NORWAY: David Wells, CEO of AqualisBraemar LOC ASA, has announced that he wishes to retire at year-end and step down as CEO of the group. The board of directors has appointed Wells’ co-founder and current COO of AqualisBraemar LOC, Reuben Segal, as new CEO. The CEO change takes effect from 1 January 2022. Further,…
Mari Petroleum acquires working interest in Margala Block
KARACHI, PAKISTAN: Mari Petroleum Company Limited (MPCL) has executed a farm-out agreement with MOL Pakistan Oil and Gas Co. B.V. over Margala Block with an area of 1,847 sq. km to collaborate their resources and efforts to jointly perform exploration activities. The Block is situated in the Potwar Basin in the vicinity of Islamabad. MPCL…
Integrated Wind Solutions acquires Green Ducklings
OSLO, NORWAY: Integrated Wind Solutions AS (IWS) announced the acquisition of Green Ducklings A/S. Green Ducklings is a Danish offshore wind specialist advisory to the global renewable industry with sole focus on offshore wind power. “The acquisition of Green Ducklings will enable an acceleration of our ambitious strategy, where IWS is owning and developing a…
Aker Solutions and Doosan Babcock partner up for sustainable energy projects in UK
OSLO: Aker Solutions and Doosan Babcock have agreed to jointly deliver projects for low-carbon solutions and renewable energy in the UK, a news release said. The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage (CCUS). Opportunities for other projects within the…
PetroTal completes $100 Million senior secured bond issue
CALGARY: PetroTal Corp. announced that on February 16, 2021 it completed the issuance of the $100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the…
BW Offshore invests EUR 60mn to become strategic owner of Ideol S.A.
OSLO: BW Offshore Limited has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology. BW Offshore to invest EUR 60 million to attain a strategic stake in BW Ideol. BW Ideol is planning to seek admission to trading on Euronext Growth Oslo…
Zenith Energy notifies successful completion of IPU in Congo
LONDON: Zenith Energy Ltd. has received formal confirmation regarding the successful completion of the Inquiry of Public Utility (Enquête d’Utilité Publique) (IPU), following an in-depth technical and financial review, performed by the Ministry of Hydrocarbons of the Republic of the Congo during the month of January 2021. As announced on December 23, 2020, the Company…
Xstate closes acquisition of oil and gas producing assets
SYDNEY: Xstate Resources Limited has closed on the acquisition of a 10% Working interest (WI) in oil and gas producing assets (Alberta Plains Assets) in southern Alberta, Canada. Plans for the acquisition were previously reported on 28 January 2021. The assets consist of oil and gas fields and associated production equipment, located between Edmonton and…
Lundin Energy plans capital budget of $1.2bn and production of 190,000 Mboepd for 2021
STOCKHOLM: Lundin Energy AB announced its 2021 programme, with a capital budget of USD 1.2 billion and production guidance of between 170 to 190 thousand barrels of oil equivalent per day (Mboepd). The long-term production guidance is increased to over 200 Mboepd by 2023. The Company will achieve carbon neutrality for operational emissions from 2025,…