Addax Petroleum Corp., Geneva, Switzerland, (Toronto: TSX) plans to buy working interest in the Gulf of Guinea from Esso Exploration and Production Nigeria-Sao Tome "One" Ltd., a subsidiary of ExxonMobil Corp., Irving, Texas, (NYSE: XOM) for US$77.6 million. Addax acquired a 40% working interest in Block 1 of the joint-development zone (JDZ) in deepwater between Nigeria and Sao Tome and Principe. Block 1 is operated by Chevron Corp., San Ramon, Calif., (NYSE: CVX) which holds a 45.9% working interest on 69,600 acres.
Recommended Reading
Carbon Removal Company Equatic Appoints New CEO
2024-11-18 - Equatic appointed a new CEO in preparation to launch the world’s largest ocean-based carbon removal plant.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
2024-09-20 - Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
KKR, Solar Developer Birch Creek Close $150MM Credit Facility
2024-10-31 - KKR will provide a $150 million credit facility with Birch Creek Energy, which owns 160 megawatts of power projects, with more expected in place by year-end 2024.
OMS Energy Files for IPO, Reports Revenue Growth
2024-11-06 - Singapore-based OMS Energy, a wellhead system manufacturer, has not yet determined its price range and number of shares.
ConocoPhillips Adds Connors to Board
2024-09-05 - Nelda J. Connors will serve on the audit and finance committee and public policy and sustainability committee of ConocoPhillips’ board.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.