DNO accelerates drilling in Kurdistan, Oman

Norwegian oil and gas operator DNO ASA has accelerated drilling in the Kurdistan region of Iraq and Oman, citing 2016 operating profits and improved payments for exports from Tawke field in Kurdistan as the reason for stepping up investments. Source: News


MARKET WATCH: NYMEX crude oil price regains momentum, returns to $53/bbl

Light, sweet crude oil prices for March delivery settled at $53/bbl on the New York market Feb. 9, up 66¢ for the trading session. It was the highest settlement price since Feb. 6 as the front-month contract has hovered in the $52-53/bbl range all week so far. Source: News


Total to cut spending about 20% in 2017

Total SA in 2017 expects to spend $16-17 billion including resource acquisitions, down from the $20.53 billion spent in 2016 and $28.033 billion spent in 2014. Source: News


IOC restarts newly upgraded coker at Barauni refinery

India’s state-owned Indian Oil Corp. Ltd. (IOC) has completed the revamp and recommissioning of the 600,000-tonne/year Coker A at its 6-million tpy Barauni refinery in Begusarai District, Bihar. Source: News