Energean gets exploitation license offshore western Greece

The Greek Ministry of Environment and Energy and Energean Oil & Gas SA have agreed to the conversion of the West Katakolon exploration license to a 25-year exploitation license effective immediately. Source: News


Junex reports Galt No. 4 production test results in eastern Quebec

Junex Inc. of Quebec City said Galt No. 4 horizontal well has produced 17,798 bbl of light, sweet crude oil total during a 221-day production test in eastern Quebec. Junex has received a drilling permit for the Junex Galt No. 6 horizontal well. Source: News


BLM will host gas development review team meeting in Wyoming

The US Bureau of Land Management’s Rawlins, Wyo., field office announced that it will host the 2016 annual meeting of the Atlantic Rim natural gas development review team on Dec. 10 in that southern Wyoming community. Source: News


MARKET WATCH: Oil prices choppy as OPEC has yet to reach agreement

The light, sweet crude oil price on the New York market and Brent crude oil price on the London market each gained about $1/bbl for January delivery on Nov. 28 in volatile trading ahead of the Nov. 30 meeting of the Organization of Petroleum Exporting Countries in Vienna.  Source: News


IEA study: Global LNG markets are less flexible than many think

Today’s low natural gas prices and abundant supplies do not reflect inherent inflexibilities in global LNG markets, according to the International Energy Agency’s first Global Gas Security Review. Source: News


Rosneft Brasil signs drilling contracts ahead of Solimoes campaign

Rosneft Brasil E&P Ltda., a wholly owned Rosneft PJSC subsidiary, and Queiroz Galvao Oleo e Gas (QGOG) have signed an agreement to charter an onshore drilling rig and associated rig services for Rosneft Brasil’s exploration program in Brazil’s Solimoes basin. Source: News