Petronas farms into FAR’s Gambia offshore blocks

FAR Ltd., Perth, has signed a farmout agreement with Malaysia’s Petronas in which the state firm will take a 40% interest in each of FAR’s offshore Gambia permits—Blocks A2 and A5. Source: News


Oil, gas, and trade

Because energy regulation must work in concert with, rather than separately from, foreign policy, US President Donald Trump threatens to compromise his achievements in an important area. It’s an area in which mistakes can be economically and politically devastating. Source: News


US upstream and tax reform

Using its Global Economic Model, Wood Mackenzie recently modeled the impacts of a lowered corporate tax rate on US exploration and production companies. WoodMac found that the cut in the corporate tax rate to 21% from 35% could provide value to US E&Ps with profitable assets seeing large increases. Including all minor interests, modeled assets […]


Southwestern Energy makes senior leadership changes

Julian Bott will join Southwestern Energy Co. as executive vice-president and will become chief financial officer on Mar. 5. He previously served as chief financial officer of SandRidge Energy Inc.  Source: News


OVL reported to drop LNG from Farzad B plan

State-owned ONGC Videsh Ltd. of India is reported to have dropped plans for a gas-liquefaction project in Iran in an apparent effort to advance development of Farzad B gas field. Source: News