Repsol Sinopec starts Cayley production in North Sea

Repsol Sinopec Resources UK Ltd., Aberdeen, has started gas production from Cayley field, the third and final discovery to be brought on stream during the major redevelopment of the Montrose area in the central North Sea. Source: News

CapeOmega increases interest in North Sea’s Brynhild field

CapeOmega AS, Bergen, has agreed to buy 39% working interest in Brynhild oil field in PL148 of the Norwegian North Sea from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, for $91.5 million, including historic tax and uplift balances. Source: News

CAPP: Quebec benefitting from oil sands

Oil sands production in western Canada provides a substantial economic benefit in the eastern Canadian province of Quebec, according to a study commissioned by the Canadian Association of Petroleum Producers. Source: News

MEI: US shale oil production to reach 9 million b/d by 2025

Under a price-recovery scenario that assumes West Texas Intermediate oil prices will hit $60-70/bbl from 2019 onwards, shale drilling and completions will increase at 20%/year and production will increase at 12%/year through 2021, according to the newly released North American Shale Oil Outlook by McKinsey Energy Insights (MEI), an energy data and analytics specialist. […]

EIA crude inventory report shows unexpected 100,000-bbl rise

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 100,000 bbl during the week ended June 23 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News

Barossa field appraisal bodes well for Darwin LNG plant supply

A ConocoPhillips-led joint venture reported a successful appraisal well in Barossa natural gas field in Bonaparte basin retention lease NT/RL5 in the eastern Timor Sea 300 km north of Darwin. The results enhance the field’s prospects as the best source to supply back-fill gas to the combine’s Darwin LNG plant that is currently supplied by […]

EPA, Army propose rescinding controversial Waters of the US rule

The US Environmental Protection Agency, Department of the Army, and Army Corps of Engineers (ACE) jointly proposed rescinding the 2015 Clean Water Rule, and restoring language that existed prior to the law’s controversial Waters of the US (WOTUS) provision. Source: News