India’s government and Abu Dhabi National Oil Co. have signed an agreement allowing ADNOC to store 5.86 million bbl of crude at an Indian Strategic Petroleum Reserves Ltd. underground facility in Mangalore, Karnataka. Source: News

Lebanon has reopened its first offshore licensing round after a 3-year delay, including in its offering three blocks along the disputed boundary with Israel. Source: News

Chevron Corp. reported fourth-quarter 2016 earnings of $415 million compared with a loss of $588 million in fourth-quarter 2015. Full-year 2016 results were a loss of $497 million compared with earnings of $4.6 billion in 2015. Source: News

US President Donald Trump’s “America First” policy can assist Trinidad and Tobago in its efforts to become a regional energy hub. That is according to Wendell Motley who heads the Trinidad and Tobago government Energy Task Force, established in part, to help realize the island’s move to be a conduit for energy products in the […]

ExxonMobil Corp.’s giant Liza discovery will have an average production of 100,000 b/d of oil when it begins flowing in 2020 according to the company’s Country Manager Jeff Simons. It also expects to produce 165 MMscfd of natural gas that will be mainly used for reinjection into the wells. Source: News

State-owned Sonatrach SPA has let a contract to Engineers India Ltd. to perform studies and provide project management consultancy (PMC) services for rehabilitation of an ethylene unit at its petrochemical complex in Skikda, Algeria. Source: News

Range Resources Corp. has completed three wells in the extension area of North Louisiana, south of Terryville. The three wells were drilled on the north, east, and west sides of Vernon field. Each encountered natural gas in multiple zones across the Upper and Lower Red intervals. Source: News