Workflow
Onshore oil and gas
icon
Search documents
Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict
Thenewswire· 2025-07-31 12:50
Group 1 - Angkor Resources Corp. is providing aid to displaced residents affected by the recent border conflict between Thailand and Cambodia, which has caused significant hardship for tens of thousands of Khmer citizens [1][4] - The company contributed five tonnes of rice and household containers to support community members whose homes were damaged or who were evacuated due to the conflict [2][3] - The border conflict has resulted in over 260,000 people being displaced on both sides, with a ceasefire agreement reached on July 28, 2025 [4] Group 2 - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia and Canada [6] - The company is involved in carbon capture and gas conservation projects in Saskatchewan, Canada, as part of its commitment to environmental and social projects [6] - Angkor's mineral subsidiary holds three exploration licenses in Cambodia, and its energy subsidiary has an onshore oil and gas license covering 7,300 square kilometers in Block VIII, which was voluntarily reduced in size [6]
ExxonMobil, SOCAR Sign Deal to Explore Onshore Oil in Azerbaijan
ZACKS· 2025-06-06 14:06
Core Insights - Exxon Mobil Corporation (XOM) has signed a memorandum of understanding (MoU) with Azerbaijan's state energy company SOCAR to enhance their energy partnership, focusing on onshore oil and gas resources [1][11] - The agreement emphasizes ExxonMobil's commitment to Azerbaijan's energy development, particularly in unconventional reserves, and continues the historical engagement of American companies in the region [2][8] Group 1: Agreement Details - The MoU aims to evaluate unconventional hydrocarbon opportunities in Azerbaijan, which could help stabilize the country's long-term oil output [3][5] - Currently, onshore production accounts for only 5% of Azerbaijan's overall oil output, indicating significant potential for growth in this area [3] - ExxonMobil's expertise in advanced technologies, such as hydraulic fracturing, positions it as a key partner for SOCAR in unlocking these challenging reserves [4][8] Group 2: Strategic Implications - The partnership is seen as a stepping stone for ExxonMobil to deepen its involvement in Azerbaijan's evolving energy strategy, balancing traditional oil production with new exploration [8][9] - Azerbaijan aims for a steady oil output of approximately 582,000 barrels per day, and the collaboration with ExxonMobil reflects a shared vision for stability and innovation in the global energy landscape [9] Group 3: Broader Context - SOCAR is also expanding its global outreach, including partnerships with other companies like Gran Tierra Energy, indicating a broader strategy to enhance its international presence [6][7] - SOCAR's recent activities, such as winning a license for natural gas exploration in Israel's Exclusive Economic Zone, further demonstrate its ambition to attract partnerships with Western energy majors [7]