Displaying 1 - 10 of 10 articles
Porto Energy Corp., announced disappointing results from the drilling of the Alcobaça-1 ("ALC-1") Presalt exploration well in the Aljubarrota-3 concession, onshore Portugal. The ALC-1 well, spud at the end of August 2012, was Porto's first Presalt well and reached a total measured depth...
Porto Energy Corp., has received approval from the Portuguese oil and gas authority, Divisão para a Pesquisa e Exploração de Petróleo (“DPEP”), of its Development and Production Plan (the “Plan”) for the Company’s concessions onshore Portugal.
Spanish gas grid operator Enagás is set to acquire a 90 per cent stake in gas transport company Naturgas Energía Transporte following an agreement with Portuguese firm EDP. The agreement is made for €241 million and will give Enagás a majority 90 per cent stake in Naturgas...
Porto Energy Corp. has entered into a definitive farmout agreement on Aljuabarrota-3 concession with Petróleos de Portugal - Petrogal ("Galp Energia"). Galp will pay approximately US$7.8 million to earn 50% of Porto Enery's interest in the Aljuabarrota-3 concession, comprising approximately 300,000...
SMM has announced that it has completed the construction of a €19 million liquefied natural gas tank in Portugal one month ahead of the project's schedule. The addition to the REN terminal in Sines, Portugal, was constructed under 32 months, using 150 workers at its peak, SMM says. Included in...
Porto Energy Corp. has secured two new onshore natural gas concessions in in Portugal. Porto Energy acquired a 100% working interest in the Zambujal and Peniche concessions, which cover 315,000 and 96,000 acres respectively. This brings the company’s working interest in Portugal to more than 1.
Following up on its inital announcement last November, Porto Energy Corp., has it has entered into a definitive joint venture agreement with Sorgenia International B.V., Netherlands ("Sorgenia"), and Rohöl-Aufsuchungs Aktiengesellschaft, Austria ("RAG"), to jointly evaluate the unconventional...
The Algarve’s offshore could be rich in natural gas and provide for Portugal’s needs for “between 12 and 15 years,” according to António Costa Silva, President of Partex Oil and Gas (Holdings) Corporation, an oil company which is owned by the Lisbon-based Calouste Gulbenkian...
Porto Energy Corp., has entered into a Memorandum of Understanding with Sorgenia International B.V., Netherlands and Rohöl-Aufsuchungs Aktiengesellschaft, Austria to jointly evaluate the unconventional resource potential of the Lower Jurassic (Lias) stratigraphic interval within Porto's concessions...
Porto Energy Corp. the Portugal focused oil and natural gas explorer, has announced results from the drilling of the SPC-2 well in the Torres Vedras concession onshore Portugal, the second well of a proposed two to four well exploration program in the Company's Jurassic Reef Trend. The SPC-2 was spud...
