Oil Search, ExxonMobil farm into CNOOC exploration permits

Oil Search Ltd., of Sydney and Port Moresby, has refocused its attention offshore in the Gulf of Papua in a bid to explore areas with potential to support the company’s expanding LNG portfolio. Its Papua New Guinea LNG (PNG LNG) joint-venture partner, ExxonMobil Corp., also has joined the project. Source: News

MARKET WATCH: NYMEX October oil price climbs back above $46/bbl

The light, sweet crude oil contract for October gained modestly on the New York market Sept. 12 to settle above $46/bbl, but prices retreated in early Sept. 13 trading while analysts digested monthly reports from the Organization of Petroleum Exporting Countries and the International Energy Agency. Source: News

Anadarko to buy FMOG’s deepwater gulf assets for $2 billion

Anadarko Petroleum Corp., Houston, has agreed to acquire the deepwater Gulf of Mexico assets belonging to Freeport McMoRan Oil & Gas (FMOG), a subsidiary of Phoenix-based mining firm Freeport-McMoRan Inc., for $2 billion. Source: News

US officials report progress in developing gas off Israel, Cyprus

Emphasizing that significant challenges remain, two US government officials told two US House Foreign Affairs subcommittees that progress is being made in helping Israel and Cyprus develop their offshore natural gas resources in the eastern Mediterranean Sea. Source: News