Storm preparations cut Gulf of Mexico production

Gulf of Mexico production was down by 312,280 b/d of oil and 360 MMcfd of natural gas at midday Aug. 31 as operators prepared for Tropical Depression No. 9, according to the US Bureau of Safety and Environmental Enforcement. Source: News

Petrobras, Statoil sign upstream MOU for work offshore Brazil

Statoil ASA and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding to serves as a framework for the evaluation of joint participation in future tenders for exploration areas and the increase of upstream collaboration in producing fields in the Santos and Campos basins offshore Brazil. Source: News

Funding lapses blamed for Libyan output woes

Libya’s reconstituted government is receiving blame for failure of oil production to recover from a slump caused by civil war and for the related loss of income. Source: News

Det norske makes oil find at Langfjellet in North Sea

Det norske oljeselskap ASA encountered a 109-m gross oil column in the Vestland Group while drilling exploration well 25/2-18 S on the Langfjellet prospect in the North Sea. Source: News