GAO report calls on DOI to evaluate post-Macondo staff upgrade steps

The US Department of the Interior moved aggressively to upgrade its oil and gas oversight following the 2010 Macondo deepwater well blowout and crude oil spill by trying to hire, train, and retain more qualified inspectors and managers, the US Government Accountability Office noted. Source: News

Condor to complete Poyraz well in Turkey

Condor Petroleum Inc., Calgary, has cemented production casing in a well that logged at least 135 m of net natural gas pay in stacked reservoirs at the edge of Poyraz Ridge gas field under development in northwestern Turkey. Source: News

BP sheds more planned capex for 2016

BP PLC has again cut its planned organic capital expenditure for 2016, resetting it at $16 billion from its original guidance of $17-19 billion reported at the start of the year. The firm expects capital expenditure in 2017 to be $15-17 billion. Source: News

Shell records third-quarter earnings of $1.4 billion

Royal Dutch Shell PLC posted third-quarter current cost of supplies (CCS) earnings of $1.4 billion, up from a loss of $6.1 billion for the same quarter a year ago. Source: News