Oil And Gas Updates: 29 November 2018


International benchmark Brent crude was trading at $59.71 a barrel Wednesday afternoon, down around 0.8 percent, while West Texas Intermediate (WTI) stood at $51.16, around 0.75 percent lower


  • DOF Subsea Asia Pacific awarded IMR contract extension by Chevron

  • Western Australian Government lifts hydraulic fracturing moratorium on existing onshore gas projects


  • Brazil Petrobras sells stakes in 37 onshore and shallow water fields for over USD800 million

  • Petrobras oil and gas production increases during October


SBM Offshore settles U.S. bribery case, to pay $238 mln


Israel launches its 2nd offshore bid round: licenses for 19 blocks will be issued in five zones offshore in the Eastern Mediterranean


Aker BP receives consent for exploration and production drilling of a well in the Bøyla field


  • Russia central bank sees no risks to financial stability from low oil prices

  • Putin: Russia Is Fine With $60 Oil

South Africa

South Africa agrees to process some oil and gas exploration licences - minister

United Kingdom

  • 29th Oil and Gas survey finds recruitment on the rise as oil & gas optimism continues to grow

  • Key report signals positive industry mood but highlights need for continued investment

  • UK's first carbon capture and storage project 'operational by mid 2020s'

  • Growing expertise and cost leadership help deliver stabilisation in decommissioning market - Oil & Gas UK

United States

  • BHGE launches Subsea Connect and Aptara TOTEX-Lite subsea system

  • SBM Offshore settles U.S. bribery case, to pay $238 mln