Pulsar Helium (PLSR.L) said Thursday Minnesota Governor Tim Walz signed new legislation updating the state permitting processes for gas extraction projects in Minnesota, US.
The primary helium company noted that the new laws limit helium-focused gas well activity to Cook, Lake, and St. Louis counties; prohibit oil wells, hydraulic fracturing in gas wells, and allow the sale of carbon dioxide produced during helium production.
Chevron (CVX) and Helleniq Energy have formally requested approval for Chevron's acquisition of a 70% stake in the Area 10 concession offshore the Kyparissia Gulf, according to a Thursday statement from Greece's energy ministry translated by Google.No financial terms were disclosed.The ministry said the companies also applied to transfer the operator role to Chevron, which will serve as trustee of the concession, while Helleniq will retain a 30% stake.
Former BP (BP.L) Chair Albert Manifold said the governance, oversight, and behavior issues cited by the British oil giant for his termination on Tuesday were lies, adding that he disputes the characterization of his conduct.In a statement distributed by a public relations group on Thursday, Manifold said that "at no point in my tenure as chairman of BP has anyone raised with me any issue about my conduct or my relationship with my colleagues," according to a same-day report by Bloomberg News.Manifold, who admitted that his "determination to drive change" may have led him to push hard and challenge people, said "there is a considerable distance between driving an organisation with urgency and the characterisation of my conduct that is now being put about."In a statement sent to, a BP spokesperson noted Manifold's comments, adding that "We stand by the statement we have made." The company also noted its duty of care to the employees affected by his behavior.
Petro Matad (MATD.L) said Thursday the approval process for its 2026 Oil Sales Agreement with PetroChina related to Block XX crude in Mongolia will be completed shortly.The London-listed oil company noted that it reached an understanding with the Mineral Resources and Petroleum Authority of Mongolia, PetroChina, and the General Tax Authority to align the deal with petroleum and tax laws.The Block XX's crude production this year, 35,000 barrels, is stored pending approval, and the sale agreement will allow the company to benefit from higher oil prices.