12 May 2025
12 May 2025
The CP2 LNG project has the capacity to become the largest LNG export facility in the US.
EDO is looking for partners to invest in a minority share of the natural gas reserves in Block 6.
The total acquisition is priced at C$19m ($13.6m), pending financing and standard conditions.
Only a fifth of businesses expect positive impacts from tariffs being implemented by, or in response to, Donald Trump.
The discovery was made at the exploratory well 3-BRSA-1396D-SPS in the Aram block, 248km from Santos, São Paulo, Brazil.
The estimate is based on a report from Four Corners Helium dated 5 May 2025, which suggests significant potential for fast-track development.
The deal amounts to a total value of approximately $187m, inclusive of PHX’s net debt.
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