Oil And Gas Updates: 16 November 2018


Oil prices weighed down by rising US supplies, but OPEC cuts prevent falls


  • BHP Billiton said on Thursday it hopes to exit U.S. shale business within two years

  • Santos Shell JV wins new Queensland domestic gas acreage


Questerre Energy doubles Kakwa land position, in west central Alberta


Ecuador drops plan to request exemption from OPEC cut -oil minister


PGS preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan


Mexico to offer license contracts in next Round Three onshore oil tender

New Zealand

Mitsui's Kohatukai-1 well onshore northern Taranaki disappoints, will be plugged and abandoned


  • Norway's $1 trillion wealth fund proposes to drop oil, gas stocks from index

  • Norway's wealth fund is invested in Shell, BP, Chevron, Exxon Mobil, Total, ENI, Among Others


Russia's Gazprom says gas exports up 8.6 pct y/y in Jan 1-Nov 15 to 165.7 billion cubic metres (bcm)

United Kingdom

  • ConocoPhillips plans to start UK North Sea asset sale by year end, could be valued at up to $3 billion in a sale

  • Ocean-Bottom seismic could discover new fields in North Sea - OPC

United States

  • Offshore oil service firms dominate North American energy bankruptcies

  • TransCanada's Keystone pipeline shut after 5,000-barrel leak in U.S.


Venezuela chooses Dutch-based firm for Orinoco oil JV