Shell plans to drill 161 new gas wells in Queensland

Royal Dutch Shell PLC has made a $500-million (Aus.) commitment to drill as many as 161 new natural gas wells onshore Queensland by yearend 2018 as part of a program named ‘Project Ruby.’ Source: News


EIA: US crude inventories up 5 million bbl

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 5 million bbl during the week ended Mar. 17 compared with the previous week’s total, according to data from the US Energy Information Administration. Source: News


Development contracts awarded for Johan Sverdrup Phase 2

Statoil ASA is moving ahead with Johan Sverdrup Phase 2, which will include development of another processing platform for the field center and the Avaldsnes, Kvitsoy, and Geitungen satellite areas. Discovered in 2010, the North Sea field has estimated resources of 2-3 billion boe. Source: News