3D seismic survey announced for Sharjah

Sharjah National Oil Corp. plans to shoot 500 sq km of 3D seismic onshore its territory in search of deep oil and gas reservoirs, the emirate of Sharjah said. The survey is expected to be completed by the end of December. Source: News

CNOOC-Shell joint venture advance Huizhou ethylene expansion

Royal Dutch Shell PLC subsidiary Shell Nanhai BV and China National Offshore Oil Corp.’s (CNOOC) 50-50 joint venture CNOOC & Shell Petrochemicals Co. Ltd. (CSPC) has completed its previously announced plan to take ownership of CNOOC’s ongoing project to build a 1.2 million-tonne/year ethylene cracker and associated derivatives units at CSPC’s existing petrochemical complex in […]

MARKET WATCH: NYMEX crude oil settles below $47/bbl, gasoline prices jump

Light, sweet crude oil for December delivery fell modestly to settle under $47/bbl on the New York market on Nov. 1 pending the weekly release of the US oil and product inventory, which some analysts expected to show a gain in crude supplies. Source: News

UKCS attracts frontier acreage bids in 29th licensing round

The UK Oil & Gas Authority (OGA) has attracted 29 applications covering 113 blocks in 29th Frontier Licensing Round, which is the first in 2 decades to focus on underexplored, frontier areas of the UK Continental Shelf. Source: News