Rising Phoenix Capital has acquired additional mineral rights in the Midland basin operated by ConocoPhillips. The assets were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. SourceContinue Reading
Xecta has expanded its partnership with Santos to scale the deployment of the Integrated Production System Model (IPSM) across the company’s assets in Eastern Australia and Papua New Guinea. The five-year agreement follows a successful rollout in the Cooper basin. SourceContinue Reading
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. SourceContinue Reading
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country. SourceContinue Reading
Horizon Petroleum Ltd. announced substantial progress has been made towards first production from its cornerstone Lachowice gas development in the Bielsko-Biala concession, southern Poland. SourceContinue Reading
Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — lined up to say that the super-sized addition of supply by the producer club at the weekend was needed by the global market. SourceContinue Reading
With OPEC+ nearing the end of a first phase of major output hikes, the market’s attention is turning to what will come after, say Goldman Sachs analysts. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices. SourceContinue Reading
ASTM International is developing a standard (WK92298) that will provide a procedure to measure the rate of evaporation of oil over time and with temperature. The test method aims to measure the properties of oil for environmental modeling. SourceContinue Reading
Golar LNG’s FLNG Gimi vessel has reached its Commercial Operations Date (COD) under the 20‑year agreement for the Greater Tortue Ahmeyim (GTA) gas project offshore Mauritania and Senegal. COD marks a major milestone in positioning both countries as emerging LNG exporters. SourceContinue Reading
Mach Natural Resources today announced its expansion into the Permian and San Juan basins with two acquisitions valued at a total of $1.3 billion. The assets purchased from Sabinal Energy and IKAV Energy will nearly doubles Mach’s production from 81 Mboed to approximately 152 Mboed, the company said in a news release. SourceContinue Reading
