Crude oil benchmarks dropped on markets in New York and London Nov. 12, which analysts attributed in part to comments by US President Donald Trump urging Saudi Arabia and the Organization of Petroleum Exporting Countries against cutting oil production. Source: News
Eni sells Mubadala 20% of block off Egypt
Eni SPA has agreed to sell a 20% participating interest in the Nour North Sinai Offshore Concession in Egypt to Mubadala Petroleum, Abu Dhabi. Eni’s interest before the transaction is 85%. State-owned Tharwa Petroleum Co. holds the other 15% of the contractor’s share, where Eni and Tharwa are collectively the contractor in participation with Egyptian […]
Eni, Cadogan exiting Ukraine shale gas group
Eni SPA is withdrawing its controlling interest from a group that holds five shale gas licenses in Ukraine, reports partner Cadogan Petroleum. Cadogan said Eni will pay it $1.715 million for a commitment not to exercise preemptive rights to the Italian company’s transfer of a 50.01% of Westgasinvest to state-owned Nadra Ukrayny, holder of 34.99% […]
BLM to offer 2.85 million acres in NPR-A
The US Bureau of Land Management will offer tracts totaling some 2.85 million acres within the National Petroleum Reserve-Alaska at a Dec. 12 lease sale in Anchorage, the US Department of the Interior agency’s Alaska State Office announced. Source: News
Jambaran-Tiung Biru drilling due next year
Drilling will start in next year’s second half at the Jambaran-Tiung Biru natural gas project in Bojonegoro Regency, East Java, Indonesia. Jamsaton Nababan, president director of Pertamina EP Cepu, the operator, said at a press briefing that drilling of two of six planned wells will begin in July, according to the Jakarta Post. Source: […]
BP, Hess complete Aspy exploration well drilling
The BP Canada-operated Aspy exploration well, drilled 330 km offshore Nova Scotia, did not encounter commercial quantities of hydrocarbons, partner Hess Corp. reported. The Aspy D-11 was spud in April and drilled to a total depth of 7,400 m. Source: News
OMV, Sapura Energy enter partnership
OMV AG subsidiary OMV Exploration & Production GMBH will pay $540 million for a 50% state in a newly formed joint venture company, SEB Upstream Snd. Bhd., under an agreement entered with Sapura Energy Bhd. Source: News
Total, ADNOC to launch unconventional gas exploration in Abu Dhabi
Total SA and Abu Dhabi National Oil Co. (ADNOC) will launch an unconventional gas exploration program in the Diyab play that covers more than 6,000 sq km west of the ADNOC Onshore concession in Abu Dhabi. Source: News
Total outlines investment decisions offshore Angola
Total SA executives announced investment decisions to develop satellite fields on Block 17 offshore Angola. The satellite field investments were announced during an inauguration ceremony for the Block 32 Kaomba project, which came on stream in July. Source: News
API releases new standard for well control valves
The American Petroleum Institute issued the newest version of its standard governing the design and operations of critical safety valves in onshore and offshore oil and gas wells. The 21st Edition of Specification 6A—Wellhead and Tree Equipment includes automatic closure requirements to ensure additional protection for workers and the environment in loss of power and […]