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World Oil News
Murphy Oil announced that its subsidiary has drilled an oil discovery at the Hai Su Vang-1X exploration well in Block 15-2/17 in the Cuu Long Basin, located 40 miles offshore Vietnam. Source
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Kimbell Royalty Partners has agreed to acquire mineral and royalty interests held by a private seller in a cash and unit transaction valued at approximately $231 million. The acquired assets, located in the Midland basin, will produce an estimated 1,842 boed in 2025. Source
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DENIOS now offers a new line of non-sparking tools that brings vital safety and reliability to chemical plants, grain silos, and other locations with higher risk of fire or explosion. Source
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Trillion Energy has announced the successful installation of 2 3/8” velocity string tubing (VS) into the Alapli-2 natural gas well, marking a significant step in the company’s efforts to enhance long-term gas production at the SASB field. Source
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(Bloomberg) – South Sudan’s government called for the Dar Petroleum Operating Co. to begin resuming oil output on Wednesday, days after neighboring Sudan — through which crude flows to the coast — reopened the route for exports. Source
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(Bloomberg) – Hess Corp. expressed confidence in prevailing in arbitration brought by Exxon Mobil Corp. over a massive oil project in Guyana’s Stabroek block. The legal outcome will prove key to advancing the stalled $53 billion Hess-Chevron merger. Source
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Bryan L. Clark has joined Bracewell LLC’s Dallas office as a partner in both the firm’s oil and gas and energy transition practice groups. Clark previously served for over a decade as the primary midstream counsel at Pioneer Natural Resources USA, Inc. Source
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PakEnergy has acquired Petrosight in a move to reinforce its position as a single-source provider of end-to-end well-lifecycle management solutions from site planning and construction to drilling, production, workovers and decommissioning. Source
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Petro-Victory Energy has announced a strategic partnership with Blue Oak Investments aimed at acquiring Exploration and Production (E&P) assets and companies in Brazil and Latin America. Source
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Laredo Oil, Inc., an oil E&P company with over 30,000 net acres of mineral rights in the West Fork field in Montana, today announced that it has initiated preparations to drill the first of three planned exploratory wells in the field. Source
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