The government of Newfoundland and Labrador has published a plan for oil and gas industry growth that envisions the drilling of more than 100 exploration wells and a doubling of oil and gas production by 2030. An industry-government group called the Oil & Gas Industry Development Council developed the plan, Advance 2030.  Source: News

Iraq’s oil and gas potential remains considerable despite a wide range of challenges the country faces, speakers agreed at an Atlantic Council forum for the US launch of a new report. “With the exception of the US, Iraq mounted the biggest production increases of any producer in the world between 2011 and 2016, which is […]

Novatek and Saudi Aramco have signed a memorandum of understanding to collaborate on natural gas projects. Subjects include LNG supplies, development of LNG markets, gas exploration and production, and research and technology development. Source: News

Oil Search Ltd., Port Moresby and Sydney, has revealed that recent high-level meetings between itself, ExxonMobil Corp., and Total SA have resulted in broad agreement for the preferred development concept for the Elk-Antelope natural gas fields in retention lease PRL15 and P’nyang gas field in PRL3 in Papua New Guinea. Source: News

Novatek, Moscow, has won an open auction to acquire the holders of two exploration and production licenses in Russia’s Yamalo-Nenets Autonomous District, where it produces hydrocarbons from 13 fields.  Source: News

Noble Energy Inc. agreed to sell its deepwater Gulf of Mexico assets to Fieldwood Energy for $710 million in a move the company calls “the last major step” in its portfolio transformation. The deal is conditional as Fieldwood is restructuring. Source: News