BP (BP.L) began its planned turnaround program for the Azeri-Chirag-Deepwater Gunashli project's central Azeri platform on Wednesday, according to a same-day release.
The 11-day maintenance period, which is set to reduce production on the central, east, and west platforms, includes compressor suction manifold piping modifications, temperature instrument replacements, and diverter valve installations, among others.
Ramaco Resources (METC) said late Tuesday it has struck a non-binding memorandum of understanding with Indium Corp. for the potential supply of gallium and germanium from its exploratory Brook Mine rare earth and critical-mineral project in Wyoming.Any future supply will depend on due diligence, definitive agreements, successful development of the Brook Mine project and other applicable conditions, the company said.
Ellomay Capital (ELLO) reported Q2 earnings late Tuesday of 5.25 euros ($6.08) per diluted share, swinging from a loss of 0.60 euros a year earlier.Revenue for the quarter ended June 30 was 12.4 million euros, up from 11.3 million euros a year earlier.FactSet estimates were not readily available.
Evolution Petroleum (EPM) said Tuesday it agreed to buy mineral and royalty interests in the Midland Basin portion of the Permian Basin from a private seller for about $16 million.The deal is expected to close on or about Aug. 21, with an effective date of Aug. 1.The interests span about 3,420 net royalty acres across Reagan, Upton, Glasscock, Midland, and Martin counties, Texas, including 832 producing wells and estimated current production of about 210 barrels of oil equivalent per day, the company said.Evolution plans to fund the purchase using proceeds from a concurrent public stock offering, cash on hand, and borrowings under its revolving credit facility.