Interpretations of magnetic anomolies, fracture-zone geometry, and continental-oceanic crust transitions frame the debate surrounding the tectonic opening of the Equatorial and South Atlantic Ocean. Source: News

Statoil ASA is leading a new partnership with Norske Shell AS and Total E&P Norge AS to develop a large-scale carbon capture and storage (CCS) project on the Norwegian continental shelf. Source: News

Light, sweet crude settled modestly higher on the New York market on Sept. 29 after waffling between gains and losses during the trading session, while the weekly US oil-directed rig count climbed for the first time in 7 weeks, a possible indicator that higher prices are encouraging drilling. Source: News

Lebanese officials will award four offshore blocks by year-end 2017 in the country’s first attempt at developing its domestic oil and gas resources. Lebanon’s path to offshore licensing has been delayed for 4 years but is now coming to fruition. Source: News

BP Trinidad & Tobago LLC’s Juniper field will not ease Trinidad and Tobago’s downstream natural gas shortages, according to the president of the Caribbean twin-island nation’s National Gas Co. Mark Loquan, but it would instead provide relief to Atlantic LNG. Source: News

BHP Billiton has pushed back the second phase of its deepwater exploration offshore Trinidad and Tobago from this year’s fourth quarter to first-quarter 2018 according to the Caribbean twin-island nation’s Energy Minister Franklyn Khan. Source: News

The government of Papua New Guinea has sold its remaining 2% stake in Port Moresby-Sydney company Oil Search Ltd. in a $205-million (Aus.) block trade after market late last week. Source: News