Oil And Gas Updates: 03 December 2018


General

Oil surges 5 percent on trade truce, expected supply cuts. Oil (WTI) Opens at $52.45 on Monday Dec 03, 2018


Australia

Santos announces Bayu Undan infill program completed under budget and ahead of schedule


Libya

Four Libyan oil export ports reopen after closures for bad weather


Norway

  • Aker BP completes acquisition of licence portfolio from Total

  • Wellesley Petroleum receives consent to drill exploration wells 35/4-U-1 and 35/4-2


Qatar

Qatar to leave OPEC starting January and focus on gas as it takes swipe at Riyadh


Romania

Black Sea Oil & Gas awards EPCIC contract for the MGD Project to GSP Offshore


United Kingdom

  • Petrofac awarded North Sea contract extension by TAQA

  • EnQuest completes Magnus oil field transaction

  • Reabold Resources announces completion of investment in Rathlin Energy (UK)

  • Union Jack Oil completes farm-in to PEDL183 containing the significant West Newton gas discovery