Elixir Petroleum Ltd., Perth, completed its acquisition of Golden Horde Ltd. for 79 million Elixir shares to set in motion an exploration program in southern Mongolia. Source: News
Senex’s Gemba-1 success points to new Cooper basin play
Senex Energy Ltd., Brisbane, has completed a test at its Gemba-1 wildcat in 100%-owned Cooper basin permit PEL 516 with a stabilized flow rate of 8 MMcfd and raised the potential of a new play in the Permian-age Dullingari group sediments. Source: News
Watching Government: Fresh look at the US Arctic
A National Petroleum Council committee report that takes a fresh look at the US Arctic’s offshore oil and gas potential won’t be final until early 2019. But a presentation at NPC’s Dec. 4 meeting about what the committee is finding suggested there could be some interesting differences from conclusions reached in a similar study that […]
Cairn Energy group begins FEED at SNE field off Senegal
The Cairn Energy-led group offshore Senegal has begun front-end engineering and design (FEED) work for the first phase of the proposed development of the SNE oil field. Source: News
ConocoPhillips sets $6.1-billion capex budget for 2019
ConocoPhillips has set a capital expenditure budget for 2019 of $6.1 billion, which is flat to its expected full-year 2018 capex, excluding acquisition costs. The 2019 budget does not reflect potential dispositions that may occur in 2019. Source: News
USGS identifies largest continuous oil, gas resource potential ever assessed
The global oil market tightened slightly in the week ending Nov. 23, according to the Oil Adequacy Index, a new measure of oil-market supply created by the Economist Intelligence Unit (EIU) and CargoMetrics. Source: News
Third-quarter results improved on higher crude oil prices
A group of 59 US-based oil and gas producers and refiners reported a total net income of $23.54 billion in this year’s third quarter compared with earnings of $7.23 billion in the previous year’s third quarter. Collective revenues totaled $264.61 billion compared with $206.72 billion a year ago. Source: News
Market Watch: US oil, gas futures drop
Oil benchmark prices fell more than $1/bbl on New York and London futures markets Dec. 14, settling lower for the week, which analysts attributed to a stronger US dollar combined with ongoing oil investors’ worries about US stock market volatility. Source: News
SemCAMS inks processing deal for Wapiti gas plant
Source: News
OGJ’s top tweets of 2018
Covering oil and gas industry news is anything but dull. This year was no exception. In what has become akin to tradition for this editor, over the last 6 years this space (about this same time each year) has been used to highlight the top 10 OGJ news stories based on the number of impressions […]