Five signs that the offshore oil and gas industry is recovering are starting to become clearer, with 2019 seen as a transition year and with offshore embarking on a multiyear trajectory starting in 2020. These were among the findings in a recent research report from Barclays. Source: News

ASTM International released a new standard aimed at improving both cleanup of and contingency planning for crude oil spills on Apr. 8. The new guide standardizes the way laboratories both prepare and measure “weathered oil,” which is naturally different from the “source oil” at a facility, ASTM International member Merv Fingas said. Source: News

Total SA and Oman’s Ministry of Oil and Gas have signed a heads of agreement for award to the French company of an exploration license covering Block 12 in Central Oman. Source: News

Gazprom Neft subsidiary Gazprom Neft Middle East BV has commissioned a third production well in Sarqala field in the Kurdistan region of Iraq. Potential production from Sarqala-3 is estimated at 12,000 b/d of oil. Cumulative production from the field has reached 35,000 b/d, a 25% increase. Source: News

Tellurian subsidiary Permian Global Access Pipeline LLC (PGAP), Houston, is holding a binding open season to secure prospective shippers for a proposed 42-in. interstate natural gas pipeline connecting the Permian basin in Texas to southwestern Louisiana. Source: News

US House Democrats have called for speedier implementation of mandates in the 2011 and 2016 reauthorizations of the federal oil and gas and hazardous materials pipeline safety law. “It’s simply unacceptable that safety-critical rules passed by Congress 8 years ago are lingering somewhere,” House Transportation and Infrastructure Committee Chairman Peter A. DeFazio (Ore.) said at […]

Bill Higgs has been named chief executive officer and member of the board of Genel Energy PLC. Higgs has been chief operating officer since October 2017. He earlier was COO of Ophir Energy PLC and CEO of Mediterranean Oil & Gas after working 23 years at Chevron Corp. Source: News

US light, sweet crude oil future prices for the week ended Apr. 5 closed above $63/bbl on the New York market while Brent crude oil for June delivery settled above $70/bbl in London that day. With this latest settlement, Brent breaks a psychological threshold, which analysts believe will encourage more oil investment. The oil price […]

Funds affiliated with The Carlyle Group will acquire 30-40% of the Spanish integrated oil, gas, and chemical company Cepsa from sole shareholder Mubadalla Investment Co. of Abu Dhabi. In a statement, the companies said the deal is “based on an enterprise value of $12 billion.” Source: News

Less than 2 weeks before they were to meet under United Nations auspices to discuss peace, militant groups shoved Libya back toward widespread war.   Source: News