Gulfport Energy Corp (GPOR) has acquired roughly 4,700 net undeveloped acres in Ohio's Utica region for about $83 million, expanding its gas inventory in the area, the company said Monday.
The acquisition, completed through the Ohio Oil and Gas Land Management Commission State Land Lease Sale, adds 16 drilling locations in its portfolio, with development expected to begin in 2027.
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.