Florida lawmakers ask DOI to keep eastern gulf off-limits to oil, gas leasing

US Sen. Bill Nelson (D-Fla.) and 16 members of the US House of Representatives from the Sunshine State urged US Sec. of the Interior Ryan Zinke to keep the eastern Gulf of Mexico closed to oil and gas activity if he decides to develop a new 2017-22 US Outer Continental Shelf management plan. Source: […]

Statoil wildcat finds oil, gas east of Gimle field

An exploratory well drilled by Statoil Petroleum AS in the Norwegian North Sea was not formation tested, but preliminary calculations indicate recoverable resources of 1-3 million cu m of oil equivalent. Source: News

Moody’s revises outlook on North American R&M to stable

Moody’s Investors Service has changed the outlook to stable from negative on the North American and EMEA (Europe, the Middle East, and Africa) regions refining and marketing (R&M) businesses. This outlook reflects Moody’s expectation for the fundamental business conditions over the next 12-18 months. Source: News

Assala Energy to buy Shell’s Gabon onshore interests for $587 million

Assala Energy Holdings Ltd., a portfolio company of global alternative asset manager Carlyle Group, has agreed to acquire all of Royal Dutch Shell PLC’s onshore oil and gas operations and related infrastructure in Gabon for $587 million. Source: News

New Zealand opens 2017 exploration permit round

The New Zealand government is hoping for a more positive industry response to its latest exploration permit round than it received in 2016. Source: News