Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a fresh blow for the company that has risen to become one of the world’s top commodity traders.
More than $8 billion worth of gas, power, rail and mining projects across Australia, Mongolia and Papua New Guinea (PNG) face delays following the collapse of engineering company Clough on Monday.
State-backed Sinopec is ready to launch its first green hydrogen project in Inner Mongolia next year as part of an effort to help meet its goal of becoming China's top hydrogen company by 2025.
Mongolian oil explorer Petro Matad has raised £13.7 million through the placing of 136m shares.
Petro Matad shares were down by more than a third in London yesterday after the Mongolian oil explorer said it would have to delay drilling the Snow Leopard play.
Adventurer Chris Ramsey and his wife Julie completed a world first by competing against hundreds of other petrol or diesel powered vehicles.
Mongolian exploration company Petro Matad has secured extensions for two of its exploration blocks in the country as it aims to spud the first well in the third quarter of this year.
Petro Matad has awarded a 2D seismic contract to Khet for its central Mongolian asset.