Inpex Corporation, through its wholly-owned subsidiary Japan Oil Development Co., Ltd. (JODCO), has entered an agreement with Abu Dhabi National Oil Company (ADNOC) for the acquisition of an additional 28% stake in Umm Al Dalkh oil field.
The oil field, which lies 25km north-west offshore Abu Dhabi, United Arab Emirates, currently produces at a rate of 15,000 barrels a day.
The field will be owned by ADNOC (60%) and INPEX (40%) upon completion of the transaction.
Krewe Energy, LLC has received an investment from Coral Reef Capital, LLC, which allows the company to pursue additional growth opportunities.
Krewe Energy, along with its subsidiary S2 Energy Operating, owns and operates more than 50 wells in ten fields within the shallow State waters of the Gulf of Mexico, Inland marsh and onshore areas of South Louisiana.
Pancontinental Oil & Gas NL plans to raise $0.75m through the issue of up to 333 million shares in a private placement.
The company has appointed Hartleys Limited as broker for the placement, which is scheduled for completion on 27 January 2017.
The proceeds from the placement are intended to be used by Pancontinental to pay exploration costs of Namibia PEL 37 to Tullow Oil.