FINWIRES · TerminalLIVE
FINWIRES

Tamboran Resources, Daly Waters JV-Owned Australia Facility Starts Natural Gas Commissioning

By

Tamboran Resources (TBN) and Daly Waters Energy joint venture-owned Sturt Plateau facility in Australia has started natural gas commissioning, Formentera Partners and Daly Waters said Sunday.

The facility is the final piece of infrastructure needed for natural gas to flow from the Beetaloo Basin to Australia's Northern Territory.

The facility has a nameplate capacity of 48.5 million cubic feet per day of natural gas, with 38.8 MMcf/d contracted to the Northern Territory government under a take-or-pay agreement running for up to 15 years, the companies said.

Tamboran and Daly Waters own the plant through a 50/50 joint venture, SPCF Trust.

What else is happening in Equities?

Equities

Keo Capital Subsidiary Signs Agreements for Venezuela Joint Venture

Keo Capital's (KEOC.ST) US subsidiary Maha Energy Indiana entered into agreements with PDVSA Petróleo for the administration of the PetroUrdaneta joint venture in Venezuela.The agreements comprise an integrated service agreement, a financing agreement and a payment administration agreement, according to an Aug. 29 release. Maha Energy will provide a credit facility of up to $350 million to the joint venture under the financing agreement.Maha Energy holds a 24% stake in the PetroUrdaneta joint venture, with a binding agreement in place to increase the stake to 40%.

$KEOC.ST
Equities

Orlen Board Member Discharged of Liability After Court Rejects Shareholder Challenge

Orlen's (PKN.WA) board member, Michał Klimaszewski, was discharged of liability for his activities in 2023 in a final court verdict on Aug. 28, 2026, according to a same-day release.The Polish energy company's ordinary general meeting on June 25, 2024, granted the discharge, but a shareholder tried to repeal the resolution through the district court in Łódź, Poland.

$PKN.WA
Equities

Naas Petrol Factory's H1 Attributable Profit, Revenue Fall

Naas Petrol Factory (SASE:9609) said Sunday that its attributable profit and revenue for the first half declined year over year.Net profit attributable to shareholders of the issuer for the six months ended June 30 was 1.6 million Saudi riyals, compared with 2.9 million riyals earlier. EPS moved to 0.52 riyal from 0.97 riyal.The Saudi Arabia-listed petroleum derivatives company's revenue was 30.2 million riyals, compared with 38.8 million riyals a year ago.

SASE:9609