Freepoint Commodities, an energy and metals trading house, has announced that it has acquired two offshore oil and gas blocks for US$110mn oil in the US Gulf of Mexico
Exploration & Production
Petrel Resources to own 20 per cent stake in Iraq’s Amira Hydrocarbons
Exploration firm Petrel Resources has announced that it will acquire a 20 per cent stake in Amira Hydrocarbons
Longreach Oil & Gas awards rig contract to Saipem for Moroccan wells
Longreach Oil & Gas has announced that it has signed a drill contract with Italian firm Saipem for two wells on the Sidi Moktar Exploration Licence Area onshore Morocco
Kuwait Energy reports 52 per cent rise in Q2 2013 revenue
Oil and gas explorer Kuwait Energy has reported a revenue of US$77.6mn for Q2 2013, up 52 per cent on the same period last year
PetroChina to develop West Qurna oilfield in Iraq
China’s PetroChina has announced that it will develop Iraq’s West Qurna oilfield with ExxonMobil and that it is in talks with Lukoil to buy another project in the field
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