Brookfield Infrastructure and its institutional partners have agreed to acquire from Enbridge Inc., Calgary, Enbridge’s Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River, and Liard basins in British Columbia and Alberta for $4.31 billion (Can.) in cash. Source: News

Lundin Petroleum AB subsidiary Lundin Norway AS completed its development drilling program in Edvard Grieg field on the Utsira High in the Norwegian North Sea. Edvard Grieg came on stream in late 2015. Source: News

The light, sweet crude oil contract for August delivery gained slightly to settle above $74/bbl on July 3 while Brent crude oil for September delivery gained modestly in London to remain above $77/bbl. US markets were closed July 4 for the Independence Day holiday. Source: News

Equinor and partners have submitted the development and operation plan (PDO) for Phase 3 of giant Troll oil and gas field in the Norwegian North Sea. The phase will produce from the gas cap of the Troll West structure, which produces oil under Phase 2 development involving the Troll B and C platforms. Source: […]

The Northern Drilling Ltd. West Mira harsh-environment semisubmersible will drill six wells to be completed subsea in Nova oil and gas field in the Norwegian North Sea under a contract signed last month with operator Wintershall Norge AS. Source: News

Angus Energy PLC will gather more data to assess the commercial viability of Kimmeridge layers across the Weald basin in the UK following evidence of high-quality crude at Lidsey. Source: News

Global natural gas demand is expected to rise 1.4%/year between 2016 and 2040, with China leading the growth, according to a recent medium and long-term outlook for 2018 from Cedigaz, the International Association of Natural Gas, Paris. Source: News