Oil And Gas Updates: 6 November 2018


General

  • Crude Oil Strengthens Over $63.48, Weakens Under $62.32. Typically indicates investor indecision and impending volatility. The price action suggests the sanctions against Iran and the subsequent exemptions have been priced into the market




  • Occidental Petroleum announces 3rd Quarter 2018 Results: exceptional quarter both financially and operationally with the highest earnings per share since its portfolio optimization in 2014

  • Chevron profit doubles as U.S. oil production jumps, shares rise


Argentina

Argentina Restarts Natural Gas Exports to Chile


Brazil

Petrobras Distribuidora profit soars, boosted by debt settlement


Israel

Israel announces 2nd offshore bid round: grant exploration licenses for natural gas and oil in Israel’s economic waters in the Eastern Mediterranean. In the new bid round, licenses for 19 blocks will be issued in five zones.


Mexico

  • Eni and Lukoil sign agreement on exploration licences offshore Mexico

  • Rowan Renaissance awarded contract by Total for Mexico drilling


Saudi Arabia

OPEC Output Climbs to Highest Since 2016 on Saudi, Libyan Gains



Trinidad

Trinity Exploration & Production submits first phase of its FDP for the TGAL Area offshore Trinidad


Uganda

Uganda to launch next oil exploration bidding licence round next May


United Kingdom

Serica Energy acquires Marubeni interests in Bruce and Keith fields


United States

Total and Sempra Energy sign MOU for development of North American LNG export projects