Qatar Petroleum will become operator of offshore Idd El-Shargi North Dome oil field when its development and production sharing agreement with Occidental Petroleum of Qatar Ltd. expires in October 2019. Discovered in 1960, the field is 85 km off Doha. Source: News

Light, sweet crude oil rose modestly for the November contract to settle above $71/bbl on the New York market Oct. 12 while Brent crude oil for the December contract held above $80/bbl in London. Oil prices continued their upward momentum in early trading Oct. 15 after US President Donald Trump said the US would impose […]

Sydney-based AGL Energy’s plans to establish an LNG import terminal at Crib Point in Victoria by 2021 will be delayed following the Victorian government’s call for the company to submit a full environmental assessment of the project. Source: News

Woodside Petroleum Ltd., Perth, has let a contract for the concept definition and engineering of two natural gas floating production, storage, and offtake facilities for its proposed Browse—North West Shelf LNG development off Western Australia. Source: News

If doom really exudes from the Intergovernmental Panel on Climate Change’s latest jeremiad, it relates more to politics than planetary temperature.   Source: News

BP CEO Bob Dudley strongly criticized oil and gas critics’ calls for investors to sell their holdings in fossil fuel companies and invest in renewable alternatives instead. “They push for potentially confusing disclosures, raise the specter of a systemic risk to the financial system from stranded assets and campaign for divestment—all in an effort to […]

The US drilling rig count jumped 11 units to 1,063 rigs working for the week ended Oct. 12, according to Baker Hughes data. The count is up 135 units from the 928 rigs working this time a year ago. All 11 rigs were attributed to those drilling on land as the number increased 11 units […]

It is time for the world to stop arguing and take action if it expects to make the necessary energy transition to meet climate goals outlined in the 2015 Paris accords, the chief economist for Equinor ASA said. “There’s an urgent need to stop talking about scenarios and start actually doing something. It’s an enormous […]

The International Energy Agency has moderated its global oil demand outlook, according to its October Oil Market Report. IEA now forecasts a growth of 1.3 million b/d for 2018 and 1.4 million b/d for 2019, respectively, a reduction of 110,000 b/d for both years from previous predictions. This is due to a weaker economic outlook, […]

The Federal Reserve Bank of Kansas City’s third-quarter energy survey revealed accelerated growth in energy activity in the Tenth District, while expectations for future activity remained high. The Kansas City Fed’s quarterly energy survey monitors oil and gas-related firms located or headquartered in the Tenth District, with results based on total firm activity. Source: […]