Rocky Teodoro

1 week ago | rigzone.com | Rocky Teodoro

Trio Petroleum Corp. has closed its acquisition of certain petroleum and natural gas properties held by Novacor Exploration Ltd. in the prolific heavy oil region of Lloydminster, Saskatchewan. Trio said in a news release it closed on Novacor's TWP48 assets, expected to be shortly followed by the closing on Novacor’s TWP47 assets. The purchase price was $650,000 in cash paid in two tranches and 526,536 shares of common stock of Trio.

1 week ago | rigzone.com | Rocky Teodoro

Phillips 66 has filed a definitive proxy statement and fielded its own set of board director nominees for election, gearing up for a proxy fight against activist stakeholder Elliott Investment Management LP. In a letter to shareholders, the company said that Elliott was an “activist hedge fund pushing an aggressive short-term agenda,” that included “a rushed breakup of our company based on flawed analysis”.

1 week ago | rigzone.com | Rocky Teodoro

Delfin Midstream Inc. said its subsidiary Delfin LNG LLC received a license from the Maritime Administration (MARAD) to own, construct, operate, and eventually decommission a deepwater port that aims to export liquefied natural gas (LNG) from the USA. The license was received from the agency on March 21, Delfin said in a news release. The Delfin deepwater port project in Louisiana will be the first offshore LNG export project in the USA, the company added.

1 week ago | rigzone.com | Rocky Teodoro

Italy’s Snam SpA said its regasification unit BW Singapore is ready to begin operations. Commissioning activities for the facility have started with the arrival of the first cargo of U.S. liquefied natural gas (LNG), Snam said in a news release. The unit has been moored off the coast of Punta Marina in Ravenna, Italy. The first phase of commercial operations is slated for early May, according to the release.

1 week ago | rigzone.com | Rocky Teodoro

United Oil & Gas Plc has secured an early two-year extension to the Walton Morant license offshore Jamaica. The license for Walton Morant, where United holds a 100 percent working interest, has been extended to January 31, 2028, the company said in a news release. United said it has resumed talks with selected parties who had previously expressed interest before the farm-out process was suspended in December 2024.