Centrica, Bayerngas Norge to form European E&P combine

Centrica PLC, Windsor, UK, has agreed to merge its European oil and gas exploration and production business with Bayerngas Norge AS, Oslo, to form a newly incorporated joint venture. Source: News

TAQA lets contract for Otter field

Abu Dhabi National Energy Co. PJSC (TAQA) has let an engineering, procurement, construction, installation, and commissioning (EPCIC) contract to OneSubsea, a Schlumberger company, for a subsea multiphase boosting system for Otter field in the UK North Sea. Terms were not disclosed. Source: News

Watching Government: Now comes the hard part

Ryan Zinke’s secretarial order for the US Bureau of Land Management to address onshore drilling permit logjams in its field offices was only the latest indication that the Trump administration is more sympathetic than its immediate predecessor to the US oil and gas industry. But such orders-whether executive or secretarial-can be significantly harder to implement […]

MARKET WATCH: NYMEX settles above $46/bbl on weaker US dollar

Light, sweet crude oil prices rose for a fifth consecutive day on the New York market July 14 as the US dollar’s value fell against other currencies. The US benchmark oil price settled above $46/bbl for a second consecutive day. Source: News