Italy's Eni (ENI.MI) and Abu Dhabi National Oil Co's international energy investment business XRG signed agreements to each acquire a 32% stake in three upstream blocks in the Vaca Muerta basin onshore Argentina from YPF.
The Meseta Buena Esperanza, Aguada Villanueva, and Las Tacanas blocks are set to be part of the 12 million-tonne-per-annum Argentina liquefied natural gas project's integrated development, according to a Monday release.
YPF will hold the remaining 36% interest.
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.