Neptune Energy Group, London, has acquired the 70% of Engie E&P International SA it didn’t already own, gaining interests in 148,000 boe/d of oil and gas production in the North Sea, North Africa, and Southeast Asia. Source: News

Oil and gas services company Wood Group is leading a subsea equipment research program offshore Australia in collaboration with Chevron Corp., Royal Dutch Shell PLC, and Woodside Petroleum Ltd.  Source: News

The government of the Bahamas has approved a multibillion-dollar plan by Oban Energies LLC, Palm Beach Gardens, Fla., to build a grassroots refinery and liquid-bulk storage terminal along the Northwest Providence Channel, off the southern tip of Grand Bahama Island, 35 miles east of Freeport. Source: News

Public perceptions coupled with Mexico’s upcoming presidential and local elections could disrupt continuity of the nation’s ongoing oil and electric reforms, panelists said during a Feb. 15 event at Rice University’s James A. Baker III Institute for Public Policy. Source: News

Continental Resources Inc. increased its oil and natural gas production 37% to nearly 287,000 boe/d during fourth-quarter 2017 compared with the same period a year earlier. Continental plans to increase production in 2018, the company said in a preliminary statement on 2017 results. Source: News

Light, sweet crude futures rose for a second consecutive day Feb. 15, settling above $61/bbl. Oil prices on the New York market reversed direction Feb. 14-15 after falling more than 10% for 2 weeks on volatile world equity markets and growing US unconventional oil production. Source: News