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Nostra Terra, a UK-based oil and gas company, said that it has completed the Cypress farm-out well at… • Read More »

Irish oil and gas company PetroNeft Resources has signed a heads of terms agreement to acquire an additional… • Read More »


Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Nostra Terra, a UK-based oil and gas company, said that it has completed the Cypress farm-out well at its Pine Mills oil field in the Permian Basin in Wood County, Texas. The company had perforated the Cypress farm-out well in the target formation in December 2020. After this, the well was swabbed for removing drilling […]

PetroNeft Resources to increase stake in Licence 67 in Russia to 90%

PetroNeft Resources to increase stake in Licence 67 in Russia to 90%

Irish oil and gas company PetroNeft Resources has signed a heads of terms agreement to acquire an additional 40% stake in Licence 67 in Russia for $2.9 million from Belgrave Naftogas (formerly Arawak Energy Russia). Licence 67 is a 2,447 km2 oil and gas block located in the Western Siberian Oil and Gas Basin in […]

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton revealed that it has successfully deployed an electric grid-powered fracturing operation for Cimarex Energy on several pads in the Permian Basin in the US. The US-based oilfield services company said that it had started the work in November 2020 and has so far finished nearly 340 stages across various wells using utility-powered electric frac […]

Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria

Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria

Heirs Holdings in partnership with affiliated company Transnational Corporation of Nigeria (Transcorp), has acquired a 45% non-operating stake in OML 17, an onshore oil concession in Nigeria, along with associated assets. While Heirs Holdings is an Africa-focused investment company, Transnational Corporation is a publicly listed conglomerate in Nigeria, which is engaged in producing power among […]