News Archive for Oil and Gas News

Norwest signs Drilling Contract for Red Hill South

Norwest Energy NL (ASX:NWE) through its wholly owned subsidiary Westranch Holdings Pty Limited (“Norwest”) have today executed a contract with Hunt Energy & Mineral Co Australia Pty Ltd (Hunt) to drill the Red Hill South 01 Well with Rig 2. In addition advice was also received today that the Western Australian Department of Mines and Energy had approved and registered the transfer of equity in each of TP15 (50% ) and EP413 ( 27.803%) to Bharat PetroResources Limited. Read more…

Tulip Oil Holding acquires a 75% majority shareholding in Rhein Petroleum, an oil and gas subsidiary of Deutsche Rohstoff

Tulip Oil Holding B.V. (“Tulip Oil”) has agreed to acquire a 55% shareholding in Rhein Petroleum GmbH (“Rhein Petroleum”) from Deutsche Rohstoff AG (“Deutsche Rohstoff”). This will reduce Deutsche Rohstoff’s shareholding in Rhein Petroleum from its current 80% to 25%. Rhein Petroleum GmbH’s other shareholder Herzford International Limited is selling its entire 20% shareholding to Tulip Oil. Following these transactions, Tulip Oil will hold 75% and Deutsche Rohstoff 25% of Rhein Petroleum GmbH’s shares. Read more…

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