The Hoifu Energy Group acquired the entire issued share capital of Madagascar Northern Petroleum Co. The acquisition has given Hoifu 100% rights for exploration and production as well as the profit sharing right in Madagascar’s Block 2101. Hoifu’s board reported that all the conditions precedent under the acquisition agreement have been fulfilled and the completion […]

The minister of energy in Morocco, Fouad Douiri, has approved in principle the farm out of the Mazagan permit to a subsidiary of Freeport-McMoRan Oil & Gas (formerly Plains Exploration & Production), by Pura Vida Energy. Pura Vida said the approval is a key step in finalizing the approval process for completion of the Mazagan […]

Release Reservoir Group member company Kirk Petrophysics, has developed new innovative systems associated with heavy oil sands core analysis – making the complex process more efficient than existing techniques. The company has developed its solid phase multi-sample extraction method – CEPSat – as a rapid and economical oil recovery tool which can help inform critical […]