The second of two near-field prospects offsetting the SDX Energy Inc. SD-1X discovery north of Cairo, Egypt, is not commercial, the operator said. The well, Kelvin-1X, reached 8,075 TD and encountered 606 net ft of high-quality reservoir in Upper Miocene Abu Madi sands with average porosity of 21%. But gas saturation was low.  Source: […]

New Age Cameroon Offshore Petroleum SA has spudded the first of two appraisal wells planned this year on the Etinde license area offshore Cameroon. Source: News

Governments at every level and all parts of the US oil and gas industry have learned from past extreme weather events and are better prepared for the 2018 Atlantic Hurricane Season, officials from six national trade associations generally agreed on May 22. Source: News

US Chemical Safety Board Chair and Chief Executive Vanessa Allen Sutherland announced she will resign next month. Board members will be required to vote on an interim executive, unless and until the White House nominates and the Senate confirms a new chair, the 20-year-old independent federal agency said on May 21. Source: News

Roc Oil Co. Ltd., a wholly owned subsidiary of Hong Kong-based Fosun International Ltd., has agreed to acquire 50% interest in Perth firm Buru Energy Ltd.’s Ungani oil field production licenses L20 and L21 in the onshore Canning basin of Western Australia for $64 million (Aus.). Source: News

Brent crude oil prices approached $80/bbl during the May 22 trading session in London a day after US Sec. of State Mike Pompeo outlined demands on May 21 that Iran must meet before US officials would agree to enter a new nuclear agreement with Iran.   Source: News