Page 3 - Digging Crew News Today

Kimmeridge Energy Management, a New York-based firm, has successfully raised more than $1 billion for the acquisition and development of oil-and-gas assets.

Trillion Energy International Inc. announced it has entered into a farm-in agreement with Derkim Poliüretan Sanayi ve Ticaret A.S. to earn a 50% working and revenue interest in three oil exploration blocks spanning 151,484 hectares located in the Cudi-Gabar province, Türkiye in proximity to recent discoveries.

Upstream oil and gas company Jersey Oil and Gas PLC has been approved for an extension to the second term of the P2170 Verbier licence by the North Sea Transition Authority (NSTA).

Norways government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the countrys strategy to extend production for decades to come.

UK Oil & Gas PLC said it has secured a £3mln loan from RiverFort Global Opportunities and YA II PN.

Norway’s oil and gas company OKEA has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

A verdict in a long-running lawsuit was handed down Wednesday, seven years after a devastating fire in the Old Market.

By Tsvetana Paraskova OPEC expects China’s economic rebound to lead global oil demand growth this year. Saudi Aramco reported lower first-quarter profits as oil prices declined, and demand for onshore drilling rigs in the Gulf is expected to jump over the next five years—these were the highlights in the oil and gas sector in the Middle East over the past month.

Accelerating solar-plus-storage in the next five years will be important for boosting the efficiency and resilience of global energy networks, according to 92% of energy industry professionals.

A verdict in a long-running lawsuit was handed down Wednesday, seven years after a devastating fire in the Old Market.