Oklahoma state regulators update quake-related well completion protocol

Oklahoma state regulators revised protocol developed to reduce the chances of a felt earthquake resulting from well completion activities in Oklahoma’s SCOOP and STACK plays, which account for most of Oklahoma’s new oil and gas activity. Source: News


MARKET WATCH: Crude oil prices drop on strengthening US dollar

The light, sweet crude oil contract for April dropped 90¢/bbl on the New York market Feb. 27 while the Brent April contract dropped 87¢/bbl on the London market, which analysts attributed to pressure from a strengthening US dollar and an anticipated climb in US oil supply levels. Source: News


Africa Energy extends exploration license on South Africa Block 2B

Africa Energy Corp. is advancing its farmout with plans to drill an exploration well in 2019 on Block 2B offshore the west coast of South Africa. The company announced the development after it was granted a 2-year renewal of the exploration license by South Africa’s Petroleum Agency. Source: News


Inpex gets 10% of concession off Abu Dhabi

Inpex Corp. has received a 10% interest in the Lower Zakum concession offshore Abu Dhabi under an agreement with Abu Dhabi National Oil Co. Inpex paid a participation fee of $600 million. ADNOC earlier awarded a 10% interest in the concession, which has a 40-year term, to a group of state-owned Indian companies led by […]