
APA, which holds a 45% working interest in Block 53, commenced drilling operations at Rasper in late March after completion of technical work in 2021. (Source: Hart Energy, APA Corp., Shutterstock.com)
Sign up for FREE access to view this article now!
Unlock Free AccessRecommended Reading
Norway Oil Workers End Strike as Government Steps In
2022-07-05 - “Norway plays a vital role in supplying gas to Europe, and the planned escalation [of the strike] would have had serious consequences, for Britain, Germany and other nations,” Labor Minister Marte Mjoes Persen told Reuters.
OPEC’s Barkindo Says Oil Sector ‘Under Siege’ Due to Underivestment
2022-07-05 - “We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market,” OPEC Secretary-general Mohammad Barkindo told an energy conference.
Wall Street Boosts Exxon Mobil Forecasts as Refining Margins Soar
2022-07-05 - The largest refiner among the oil majors, Exxon Mobil will be a key beneficiary of a tight refined products market, analysts said.
Ring Energy to Acquire Stronghold for up to $465 Million
2022-07-05 - Following the closing of the transaction, the owners of Stronghold II Operating, founded in 2017 by father and son duo Steve and Caleb Weatherl, will become Ring Energy’s largest stockholder.
US Oilfield Services Trio to Exit Kurdistan Region, Iraqi Ministry Says
2022-07-05 - "Baker Hughes has been committed to supporting Iraq’s energy needs for decades and we are keen to continue doing so in accordance with local laws and regulations," a Baker Hughes spokesperson said.