Eco (Atlantic) Oil & Gas (ECO.L) received ministerial approval in Namibia for an assignment related to the farm-out of its 85% participating interest in Petroleum Exploration License 98.
The farm-out, to wholly Namibian-owned company Lamda Energy, was approved by the Ministry of Industries, Mines and Energy, according to a Monday filing. The oil and gas company said the farm-out is expected to be completed shortly as the approval was the final remaining required government consent.
A helicopter operated by Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, crashed in Ras Tanura on Sunday, resulting in the death of 14 people on board.An investigation has been initiated by the relevant authorities to identify the reason for the incident, the Saudi Press Agency reported the same day, citing a statement by the Ministry of Energy.Saudi Aramco did not immediately respond to a request for comment from.
Strike Energy (ASX:STX) said Chief Financial Officer Tim Cooper will step down from the role on Sept. 29, according to a Monday Australian bourse filing.The company said commissioning of all 20 generating units at its South Erregulla power project was completed on gas, marking a significant milestone in the development of the 85-megawatt power station.Upstream facilities will now be safely shut down and placed into a preservation, care, and maintenance program, while the project progresses through remaining grid connection and network commissioning activities.Network commissioning is set to start on July 8, it added.
Alghaz Waltsnae Co. Eligibility Alqabida (SASE:2080), d/b/a Gasco, Chairman Abdulaziz Fahad AlKhayal passed away on June 25.The liquefied petroleum gas retailer said Sunday that it will disclose any updates regarding AlKhayal's successor later.