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FINWIRES

Upland Resources Says Phase 2 Drilling Program Underway at US Oil, Gas Project

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Upland Resources (UPL.L) said Monday that Lost Soldier Oil and Gas commenced its phase two development program in the Green River Basin in Wyoming, US.

Lost Soldier Oil and Gas began drilling at the GMF-5 well, which is expected to reach 19,000 feet and test a deeper overpressured zone beneath formations identified by two wells drilled during the initial phase.

Lost Soldier also plans to connect three wells to a pipeline to be built in 2026, with production targeted before the end of the year, subject to completion of the required development and operational work.

The Southeast Asian-focused oil and gas company has invested $4.3 million in Lost Soldier and holds a royalty interest in production from the Wild Mustang Federal Unit through its Class C units, without exposure to well or operating costs.

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Market Chatter: TotalEnergies Draws Backlash Over Alleged Staff Protection Failure in 2021 Mozambique Incident

TotalEnergies (TTE.PA, TTE.L) is under fire for allegedly failing to protect a subcontractor at its liquefied natural gas project in Mozambique, London's Financial Times reported Sunday.The backlash is related to a 2021 attack in the area by Islamist insurgents. The French energy company was accused of not providing enough security to its staff for the project, which led to casualties.TotalEnergies 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.)

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Equities

TotalEnergies, Venezuela Sign Energy Cooperation MoU

TotalEnergies' (TTE.PA, TTE.L) TotalEnergies E&P New Ventures unit entered into an energy cooperation deal with oil and gas company Petróleos de Venezuela.Bloomberg said in a Sunday report, citing a government statement from Venezuela, that the memorandum of understanding will focus on energy projects.The agreement marks the French energy company's reentry into the Venezuelan market after it pulled out of its natural gas operations in the country.

$TTE.L$TTE.PA
Equities

Houthi Group Launches Attack on Saudi Aramco Facility in Saudi Arabia

Iran-aligned Houthis have struck a Yanbu-based facility of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, on Sept. 19, Reuters reported on the same day.The Houthi group said in a statement that the attacks were made in retaliation for Saudi Arabia's own attack in Sanaa, Yemen.Aramco did not immediately respond to a request for comment from.

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