Carnarvon advances plans for Buffalo redevelopment

Carnarvon Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil field in the Timor Sea. The field now lies completely within the jurisdiction of East Timor following the signing of the Maritime Boundary Treaty with Australia earlier this year.  Source: News

Chevron reports first-quarter net income of $3.6 billion

Chevron Corp. reported earnings of $3.6 billion for this year’s first quarter compared with $2.7 billion in the same quarter in 2017. The company attributes its increases in cash flow and earnings to “a powerful combination” of expanding upstream margins and volumes. Source: News

EPA proposes more time for new well site owners to report emissions

The US Environmental Protection Agency proposed giving oil and gas producers more time to identify and correct emissions leaks at newly acquired drilling sites. The program would give new owners up to 12 months from the acquisition date to do this instead of the current 60 days. Comments on the proposal will be accepted until […]

SDX makes gas discovery in Morocco

SDX Energy discovered conventional natural gas in its LMS-2 exploration well on the Lalla Mimouna permit in Morocco. The operator is completing the well for production in the Miocene H-9 sand interval, a shallow marine deposit not previously tested in the area. Source: News

Ophir Energy acquires Santos’ noncore Asian assets

Santos Ltd., Adelaide, has announced a continuation of the divestment of its late-life noncore assets with the sale of most of its Asian portfolio to UK-based Ophir Energy PLC for $221 million. Source: News