Here’s a real estate investment tip: Values are about to spurt in Westchester County, NY, thanks to the state government’s dislike of natural gas from hydraulically fractured wells. Source: News

“Texas is the place to be for job growth and economic development,” said Texas Workforce Commission Chair Ruth R. Hughs in a Jan. 18 press release detailing the state’s most recent unemployment numbers. Source: News

Officials of the national oil companies of Azerbaijan and Kazakhstan have signed a memorandum of understanding covering joint exploration in the Caspian Sea and including refurbishment of a Kazakh jack up rig in Baku. State Oil Co. of Azerbaijan Republic will use the modernized Satti rig, owned by Kazakhstan’s KazMunayGas, for drilling in the Caspian. […]

Valeura Energy Inc., Calgary, has completed drilling and logging an appraisal well in the Thrace basin in northwestern Turkey. The Inanli-1 well, which was spudded in October 2018 and drilled to a total depth of 4,885 m, reached an objective section at 3,270-4,885 m (1,615-m gross column) of high net-to-gross sandstone that is interpreted to […]

Equinor and its partners will consider new drilling targets and wells linked to Asgard A in the Norwegian Sea, as well as additional measures to improve recovery following approval from the Norwegian Petroleum Directorate to extend the technical lifetime for the facility until 2027—about 12 years longer than the original plan. Source: News

Eni SPA reported start-up of a new production well in Vandumbu field, about 350 km northwest of Luanda and 130 km west of Soyo, in the West Hub of Block 15/06, offshore Angola. VAN-102 start-up, via the N’Goma floating production, storage, and offloading vessel, follows start-up of the second subsea multiphase boosting system (SMBS), and […]

LLOG Exploration Co. LLC, Covington, La., has let a contract to McDermott International Inc. for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform 140 miles southeast of New Orleans. Source: News

Eni SPA and OMV AG will buy interests in ADNOC Refining at prices that Abu Dhabi National Oil Co. said establishes the enterprise value of its refining subsidiary, with its 922,000-b/d of refining capacity, at $19.3 billion. Eni will acquire a 20% interest for about $3.3 billion after deduction of net debt and adjustments, making […]

Light, sweet crude oil prices rose on the New York market Jan. 25 as did Brent crude oil prices in London while analysts contemplated Venezeula’s geopolitics and its contribution to world oil markets given an ongoing presidential power struggle in that nation. Source: News

Just when an oil-production breakthrough began to seem possible in beleaguered Libya, trouble shifted from terminals to oil fields.   Source: News