Santos (ASX:STO) said its first appraisal well in the Beetaloo Basin in the Northern Territory was spudded, according to a Tuesday statement.
The drill bit broke ground on Sept. 4 after contractor Exact Contracting completed the construction of the well pad, access tracks, and key road intersection upgrades.
The firm's shares were up 1% in recent trading on Tuesday.
Saudi Arabian Oil Co.'s (SASE:2222), d/b/a Saudi Aramco, oil refinery in Jizan, Saudi Arabia, was attacked on Monday, London's Financial Times reported the same day, citing two unnamed sources.The state-backed oil major is currently evaluating the damage, the sources told FT. The Iranian-backed rebels, Houthis, have not claimed any new attack on Saudi ArabiaAramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Abu Dhabi National Oil Co., d/b/a Adnoc, is reportedly looking to acquire stakes in refineries operated by PTT Pcl units in Thailand and in Dangote's facilities in Nigeria.Citing unnamed sources, Bloomberg News reported Monday that the proposed Thai deal, which could be announced in 2026, would allow Adnoc to supply crude to the facility and purchase fuels to sell to other buyers.Adnoc did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Eni (ENI.MI) and Petronas signed a feasibility agreement to assess the technical, market, sustainability profiles and performance levels of a new bio-gasoline.The bio-gasoline would be developed using the Italian energy company's Ecofining technology process, according to a Monday release. It would potentially be used for motorsport competitions and commercial product development.