Energy

Petro Matad reaches drilling rig agreement with Sinopec
Energy

Petro Matad reaches drilling rig agreement with Sinopec

Mongolia-focussed oil explorer Petro Matad has successfully concluded negotiations with Sinopec on a contract amendment for use of its drilling rig in the 2018 drilling campaign, it announced on Tuesday. The AIM-traded company said “substantial” commercial concessions were received as a result of the negotiations. “This is an excellent outcome […]

Prospex Oil and Gas commences Italy drilling
Energy

Prospex Oil and Gas commences Italy drilling

Prospex Oil and Gas said drilling of a well in Italy in which it holds an interest has commenced. Operator Po Valley Energy is drilling the Podere Maiar-1d appraisal and redevelopment well on the Podere Gallina exploration permit, of which Prospex has a 17% working interest. The well, which is […]

Italy’s Eni’s Versalis enters JV with Mazrui Energy on chemical production
Energy

Italy’s Eni’s Versalis enters JV with Mazrui Energy on chemical production

Italy’s oil major, Eni said Versalis, its wholly-owned subsidiary, alongside Mazrui Energy Services, has signed a Memorandum of Understanding (MoU) that sets forth a game-changing partnership for the local production of innovative production chemicals for the Oil & Gas industry. Versalis offers a comprehensive portfolio of oilfield chemicals that includes […]