Petrobras finds largest oil column to date at Libra

The Petroleo Brasileiro SA-led Libra consortium has encountered its largest oil column thus far in its drilling program on the Libra block in the presalt Santos basin. Source: News


Group launches legal battle against Australian’s CSG well approval

A Queensland group known as the Western Downs Alliance (WDA) has begun legal proceedings to challenge the approval of Australian Environment Minister Greg Hunt of Santos Group’s plan to drill 6,100 coal seam gas (CSG) wells to support the Gladstone LNG (GLNG) plant on Curtis Island. Source: News


MARKET WATCH: NYMEX, Brent crude oil prices tumble nearly $2/bbl

The light, sweet crude oil price for July delivery fell $1.80 on the New York market June 16 to settle at $46.21/bbl while the Brent crude oil price for August delivery fell $1.78 to $47.19/bbl. Analysts said oil traders were anxious because the UK might leave the European Union. Source: News


Stokes & Spiehler makes managerial appointments

Blair LeBlanc, Russ Bellard, Donnie Busscher, and Tony Shell have each been named to new management roles by petroleum engineering and consulting firm Stokes & Spiehler. Source: News