Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil and Gas Futures Edge Downward
Mexico Cancels Two Oil and Gas Auctions
Oil Extends Gain
OPEC Deal Solid Step in Right Direction
Enbridge to squeeze more oil barrels in main pipeline to help lift prices
Frontera, CGX Energy sign Guyana joint venture agreement
Frontera Energy Corp. has signed a farm in agreement with CGX Resources Inc. for two shallow-water blocks offshore Guyana. Subject to governmental approval, Frontera will acquire a 33.33% interest in the Corentyne (1.125 million net acres) and Demerara (750,000 net acres) blocks in exchange for a $33.3-million signing bonus. Both blocks are adjacent to ExxonMobil Corp.’s Stabroek block.
Environmental groups sue to stop Mid-Atlantic OCS seismic surveys
Nine environmental organizations have sued US Commerce Sec. Wilbur L. Ross and the National Marine Fisheries Service (NMFS) on Dec. 11 after NMFS issued incidental harassment authorizations on Nov. 30 to five contractors seeking to conduct the first seismic surveys since the 1980s for oil and gas on the US Mid-Atlantic Outer Continental Shelf.
Eni starts up Vandumbu production offshore Angola
Vandumbu field started producing oil on deepwater Block 15/06 offshore Angola in November, 3 months ahead of schedule, reported operator Eni SPA. Production at Vandumbu field, along with the start-up of a subsea multiphase boosting system (SMBS) in early December, is boosting the oil production from Block 15/06 by 20,000 b/d via West Hub’s N’Goma FPSO.
Oil find confirms potential of part of Block 15/06 off Angola
An oil discovery in the Afoxe exploration prospect offshore Angola is a further confirmation of the oil exploration potential still held in southern part of Block 15/06, previously considered mainly gas prone, operator Eni SPA said. The company plans to to drill as many as four exploration wells back-to-back on the block in 2019.
Yamal LNG begins Train 3 exports
PAO Novatek has begun LNG exports from Train 3 of its Yamal LNG plant in Russia, reaching the site’s planned full capacity of 16.5 million tonnes/year. Novatek said it completed work on the 5.5-million tpy third train more than a year ahead of schedule. An additional 900,000-tpy train is under construction with startup planned for early 2020.