We are pleased to announce the signing of a legally binding (Letter of Intent & Term Sheet LOI/TS) to 100% acquire a sound independent GCC based E&P company with existing oil production, recent exploration discoveries and significant exploration upside.
Fatih Birol, executive director of the International Energy Agency, discusses the organization’s outlook for the global oil market.
Oil market supply gap a ‘serious challenge,’ warns IEA’s Birol from CNBC.
The company Hydrocarbon 8 (UK) Ltd (HC8), is pleased to announce today the advanced negotiation and high probability to reach definitive agreement with sizable operator of producing and near producing assets in one of GCC countries.
The comprehensive announcement is coming in near future (upon signing of legally binding agreement).
«…Petroleum Development Oman (PDO) announced a giant gas-condensate discovery at Mabrouk North East prospect in the northern part of its concession area located west of SaihRawl field…»