Oil And Gas Updates: 23 November 2018


General

Oil prices hit 2018 low, even as OPEC plans to cut output

  • World oil supply expected to exceed demand in 2019


Australia

Vintage Energy to fund seismic acquisition as part of its Galilee Basin Deeps Joint Venture farm-in


Brazil

New Brazilian government plans concessions for oil auctions


Colombia

Amerisur Resources signs farm-out agreement with Occidental Andina


Norway

  • Norway: Faroe Petroleum makes minor gas/condensate discovery north of the Oseberg field in the North Sea – 30/6-30

  • Eni granted drilling permit for well 7122/7-7 S in Barents Sea licence PL 229


Russia

Gazprom Neft discovers a second field in the Sea of Okhotsk


South Africa

South Africa to invest $1 bln in South Sudan's oil sector


United Kingdom

  • Equinor announces proposal to use hydrogen to decarbonise homes in northern England

  • OGA releases information on the Greater Buchan Area Plan engagement event

  • BP starts up Clair Ridge production

  • INEOS completes USD80m investment to extend the life of Clipper South, its Southern North Sea gas field