
Petro Matad begins drilling at Gobi Bear-1 well in Mongolia
Petro Matad has commenced drilling the Gobi Bear-1 exploration well in the Tamsag Basin, eastern Mongolia.

Petro Matad has commenced drilling the Gobi Bear-1 exploration well in the Tamsag Basin, eastern Mongolia.

Point Energy Partners II, a Vortus Investments Advisors portfolio company, has concluded the sale of its Delaware Basin assets to Vital Energy and Northern Oil and Gas (NOG) in a deal valued at $1.1bn.

US-based Excelerate Energy has partnered with PetroVietnam Technical Services Corporation (PTSC) to study floating storage and regasification unit (FSRU) based solutions for LNG imports in Vietnam.

The Forties Pipeline System may have to close in six years as Labour’s North Sea tax policies make the network financially unsustainable.

The agreement is in line with TotalEnergies’ strategy to develop its international long-term LNG sales.

LNG Canada, one of Canada’s key projects under development, is running on schedule and is expected to be up and running in 2025.

Equinor has abandoned to export so-called blue hydrogen to Germany, citing growing expense and a lack of demand.

Shell has decided to discontinue its low-carbon hydrogen project on Norway’s west coast due to a lack of market demand.

California has launched lawsuits against Exxon Mobil for involvement in a deception campaign regarding plastic sustainability and recycling.

Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 license to Chevron.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.