Rawson Resources picks up licenses onshore Papua New Guinea

Rawson Resources Ltd., Sydn, through subisidiary Dondonald Ltd. has entered into a share purchase agreement for Moira Ltd. Moira has 100% working interest in the onshore Papua New Guinea’s PPL 391 in the north New Guinea basin, which encompasses the Matapau oil seeps and several shallow wells targeting the shallow fractured basement. Source: News


ExxonMobil confirms oil discovery in second well offshore Guyana

The Liza-2 well, drilled 120 miles offshore Guyana, encountered more than 190 ft of oil-bearing sandstone reservoirs in Upper Cretaceous formations, reported ExxonMobil Corp. unit Esso Exploration & Production Guyana Ltd. Source: News


MARKET WATCH: NYMEX, Brent crude oil prices jump about $2/bbl

Light, sweet crude price for August jumped by more than $2/bbl June 29, marking the front-month’s largest single-session gain since early April while the September delivery price broke above $50/bbl as did Brent crude oil prices on the London market. Source: News


Harvest in new deal for Venezuelan assets

Harvest Natural Resources Inc. has reached an agreement to sell its Venezuelan interests and continues to seek a buyer for its remaining exploration and production holdings, which are in Gabon. Source: News