Lukoil unit, NIOC eye collaboration

Lukoil-Engineering, wholly owned subsidiary of Lukoil Oil Co., and National Iranian Oil Co. signed a memorandum of understanding for joint subsurface studies. Source: News


Linn to sell its interest in Wyoming’s Washakie field

Linn Energy Inc., Houston, has agreed to sell its interest in 163,000 net acres in Washakie field of Wyoming to an undisclosed buyer for $200 million in the latest deal of its ongoing divestiture program. Source: News


BLM proposes suspending implementation of venting and flaring rule

The US Bureau of Land Management proposed a temporary suspension or delay of certain requirements in its 2016 oil and gas methane venting and flaring rule until Jan. 27, 2019. Comments on the proposal, which is scheduled to appear in the Oct. 5 Federal Register, will be accepted through Nov. 7. Source: News