Oil And Gas Updates: 12 November 2018


General

  • Oil rises as Saudi Arabia seeks to tackle oversupply

    • OPEC producers mull supply reductions for 2019


Brazil

Petrobras announces start-up of P-75 in Buzios field pre-salt of the Santos Basin


Egypt

  • Eni sells 20 percent stake in the Nour North Sinai Offshore concession in Egypt to Mubadala Petroleum

  • Rockhopper provides update on Egypt operations: Current production from the Abu Sennan concession is approx. 3,800 bopd gross (840 bopd net to Rockhopper), in line with H1 2018 rates


France

ENGIE to mobilise 800 million euros to develop green gases in the next five years in France


Nigeria

Eland Oil & Gas confirms OML 40 licence renewal


Norway

  • Spirit Energy granted drilling permit for well 8/10-7 S in PL 405

  • TGS announces strategic collaboration with AGS for ocean bottom node projects in North Sea


Oman

Oman oil minister says majority of OPEC and its allies support cut


Russia

NOVATEK awarded South-Leskinskiy Licence Area


Thailand

KrisEnergy commences G10/48 Thai drilling program


UAE

  • Abu Dhabi National Oil Company (ADNOC) signs agreement granting Total a 40 percent stake in unconventional gas concession

  • Wood secures USD53 million of contracts supporting ADNOC Onshore

  • Abu Dhabi crown prince discusses "potential bio-energy cooperation" with Total CEO


Ukraine

Cadogan Petroleum announces exit from shale gas project in Ukraine


Venezuela

Venezuela hoping to steeply raise oil output next year