Eni okays Coral FLNG development offshore Mozambique

Eni SPA’s board has authorized investment for the first phase of development for the Coral discovery—the Coral South project—in the deepwater Rovuma basin offshore Mozambique, moving the project a step closer to a final investment decision. Source: News

MARKET WATCH: NYMEX, Brent crude prices fall on strengthening US dollar

The light, sweet crude oil contract for December declined slightly on the New York market to about $45.50/bbl Nov. 17, which analysts attributed to pressure from a strengthening US dollar and also to lingering uncertainty about future production by the Organization of Petroleum Exporting Countries. Source: News

BLM to cancel 25 Thompson Divide leases, add stipulations for others

The US Bureau of Land Management will cancel 25 federal oil and gas leases in western Colorado’s Thompson Divide area, add stipulations and conditions for others that are not producing, and make no or minor adjustments to leases that are producing under a Nov. 17 record of decision. Source: News

API-commissioned study backs EPA’s fracing, drinking water findings

The US Environmental Protection Agency’s original conclusions that no studies or data have indicated a widespread, systematic effect on drinking water resources as result of hydraulic fracturing are correct, a study commissioned the American Petroleum Institute found. Source: News

Qatar Shell lets contract for Pearl GTL

Qatar Shell Ltd. has let a contract to WorleyParsons Ltd. to provide long-term engineering, procurement, and construction management (EPCM) services for its Pearl gas-to-liquids (GTL) onshore and offshore installations in Ras Laffan Industrial City, Qatar. Source: News