Tamarind gains sole ownership of Tui fields in New Zealand

Private Malaysian oil and gas company Tamarind Management Sdn. Bhd. has completed its buyout of interest holders in Tui oil fields offshore New Zealand’s north island. Tamarind now has 100% ownership of the field. Source: News


Pennine moves ahead on Albania’s Velca block

Pennine Petroleum Corp. has committed to explore and develop the 620-km Velca block in southern Albania near the city of Vlore. The operator has signed a 6-year exploration lease that is convertible to a 25-year production license upon discovery of oil or natural gas. Source: News


EIA data shows 9.5 million-bbl jump in US crude stockpiles

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 9.5 million bbl during the week ended Feb. 10 compared with the previous week’s total, the US Energy Information Administration reported. Source: News


Trump signs CR rescinding SEC foreign payment disclosure requirement

US President Donald J. Trump signed the congressional resolution (CR) to rescind the US Securities and Exchange Commission’s requirement that publicly traded US oil and gas and other extractive industry companies disclose payments made to foreign governments. Source: News