Novatek has discovered two new hydrocarbon deposits and confirmed commercial viability of Middle Jurassic deposits in Utrenneye gas and condensate field with its No. 294 well on the Gydan Peninsula of northern Siberia. The field supports the proposed 19.8-million tonne/year Arctic LNG 2 project nearby on the Gulf of Ob. Source: News

The US Coast Guard withdrew a 1999 proposed rule covering oil and gas activities on the US Outer Continental Shelf. The passage of time, advances in technology, and changes in industry practices have rendered the proposed rule covering workplace safety on vessels obsolete, it said in a Sept. 19 Federal Register notice. Source: News

ExxonMobi Corp. will join the Oil & Gas Climate Initiative, a group of 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions, and energy and transportation […]

Officials of Cyprus and Egypt have signed an agreement supporting construction of a pipeline to carry natural gas from deepwater Aphrodite field off the island nation to Egypt, according to press reports. Source: News

Verus Petroleum has agreed to acquire Cieco Exploration & Production (UK) for $400 million. The sale and purchase agreement, which would add 11,000 boe/d to the company’s daily production, builds on the Boa oil field acquisition in 2017, and the acquisition of interests in Alba oil field and Babbage gas field earlier this year. Source: […]

ExxonMobil Corp. is considering a plan to make major upgrades at subsidiary Esso Petroleum Co.’s 270,000-b/d Fawley refinery near Southampton, UK. Intended to enable the refinery to help meet the UK’s changing fuel demand and reduce the region’s reliance on diesel imports, the multimillion-pound project would involve works designed to allow the manufacturing site to […]

Total SA has expanded its business in new transportation energies by completing the acquisition of G2mobility, a French provider of electric-vehicle charging systems. It didn’t disclose terms. G2mobilty markets connected charging stations operated by a web platform that can remotely control charge points. Source: News

The light, sweet crude oil prices for October and November each jumped by more than $1/bbl on the New York market Sept. 19 with the October contract settling above $71/bbl, which analysts attributed to lower-than-expected US crude oil supplies. Source: News

The US and Poland will need to keep working together to fight European energy security threats represented by the Nord Stream 2 natural gas pipeline and possible additional Russian-backed projects, Polish President Andrzej Duda said following a Sept. 18 White House meeting with US President Donald J. Trump. Source: News

Additional government incentives and cost reductions will be required to make more Canadian LNG export projects globally competitive and attractive to investors, a Canadian Energy Research Institute study concluded. Otherwise, more announced projects could join the 16 that have been canceled since 2014, CERI warned in a Sept. 19 report recently released in Calgary. […]