Eni looks to Crete to further East Mediterranean exploration

Italy’s Eni SPA is eyeing acreage near Crete as Greece works toward opening its offshore to oil and gas development. According to Greece’s Kathimerini web site, Eni is taking the likely step from its foothold on the neighboring Cypriot market to expand its scope in the southeastern Mediterranean and the Greek market. Source: News

Beach to acquire Origin's Lattice Energy offshoot

Beach Energy Ltd., Adelaide, has made a binding agreement with Sydney-based Origin Energy Ltd. to buy all the shares in Origin’s wholly owned subsidiary Lattice Energy Ltd. for $1.585 billion (Aus.) on a cash and debt-free basis. Lattice is Origin’s conventional oil and gas offshoot. Source: News

Total to study deep, ultradeep areas off Guinea

Total SA and the National Office of Petroleum of Guinea (ONAP) have signed a technical evaluation agreement to study some 55,000 sq km in deep and ultradeep areas offshore Guinea Conakry. Source: News

Watching Government: Not your parents' NAFTA

A dramatically improved US oil and gas production outlook clearly is the biggest difference between the current North American Free Trade Agreement negotiations and the ones that established the pact in the early 1990s. Source: News

Dallas Fed: 11th District oil, gas activity grew at slower pace in 3Q

Third-quarter oil and gas activity in the Eleventh Federal Reserve District encompassing Texas, southern New Mexico, and North Louisiana expanded for a sixth straight quarter, but growth slowed compared with the second quarter, according to the latest Federal Reserve Bank of Dallas Energy Survey of upstream industry executives in the region. Source: News

Zinke outlines strategy to make American energy more dominant

Politically motivated regulations need to be revoked and agencies across the federal government that make decisions affecting energy resource development need to work together more closely, US Interior Sec. Ryan Zinke said. Source: News

Baker Hughes: Global rig count dropped by 35 in September

The global count of active drilling rigs fell by 35 month-over-month in September to average 2,081, according to Baker Hughes data. The count is still 497 units higher compared with its September 2016 average. Source: News