Mol Norge will plug exploration well 3/7-11 S, which was targeting the Vinstra and Otta prospects in PL539 in the North Sea. Both targets were dry, reported partner Lundin Norway AS. The well was drilled by the Rowan Viking jack up rig 7 km southwest of Trym field on the eastern side of the Mangal […]

Oil and gas associations responded favorably to US Environmental Protection Agency Administrator Andrew R. Wheeler’s May 13 memorandum stating that the agency should ensure its regulatory decisions are “rooted in sound, transparent, and consistent approaches to evaluating benefits and costs.” Source: News

Delek US Holdings Inc. will invest $150 million in a series of projects over the next 5 years to improve operations at its 74,000-b/sd refinery in Krotz Springs, La. The proposed enhancement projects at the refinery will include infrastructure improvements, plant construction and renovations, and installation of new machinery and equipment, the Louisiana Economic Development […]

While there hasn’t been a dramatic change for the energy industry in Mexico since President Andres Manuel Lopez Obrador took office in 2018, progressive collaboration between the industry and country regulators is needed to fulfill the country’s hydrocarbon ambitions. Source: News

Units of Novatek have acquired exploratory licenses for five areas on the Gydan Peninsula in Krasnoyarsk, Russia. Source: News

Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more than a $3/bbl on the London market with the July contract settling under $68/bbl. Analysts […]

Zarubezhneft JSC, Moscow, received a 30% participating interest in the production sharing agreement for Block 09-2/09 in the Cuu Long basin offshore Vietnam under one of several agreements signed during meetings among leaders of the Russian and Vietnamese governments. Source: News

The title transfer for the Ironbark offshore gas prospect off Western Australia to the new BP Development Australia Pty Ltd.-led exploration joint venture has been approved, paving the way for the drilling program, said Melbourne-based Cue Energy Ltd.  Source: News

Energy retailer EnergyAustralia has made an agreement with proposed Port Kembla LNG import facility operator Australian Industrial Energy (AIE) to buy 15 petajoules of gas a year over 5 years starting from January 2021. Source: News

Blocks will be offered offshore in Cuba’s economic exclusive zone in the Gulf of Mexico, said state-owned Union Cuba-Petroleo Co. (CUPET), which is helping promote the licensing round with roadshow presentations and data viewing in London in early June. Source: News