Oil And Gas Updates: 17 December 2018


General

Oil production cut to fix 'growing imbalance'. Oil (WTI) opens at $51.25, Monday Dec 17, 2018.


Brazil

  • Brazil's Ouro Preto cuts bid for Petrobras oilfield clusters

  • Oil Thieves caused at least 60,000 litres of oil to spill into Rio de Janeiro’s Guanabara Bay


Indonesia

Eni announces the approval of the investment plan for the Merakes Development Project offshore Indonesia


Mexico

Eni signs agreement to sell Qatar Petroleum a 35 percent stake in the Area 1 offshore Mexico


Mozambique

Wentworth Resources to relinquish Tembo Block and exit Mozambique


Norway

  • Equinor starts production from the Aasta Hansteen gas field in the Norwegian Sea

  • Equinor given consent to extend operation of the Norne FPSO until end 2036


Spain

Prospex Oil and Gas increases interest in proven gas project in southern Spain


Trinidad

BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad


United Kingdom

  • Subsea 7 awarded Shearwater contract offshore UK

  • Andalas Energy and Power announces Eagle licence extension


United States

  • 88 Energy announces all major permits granted for the drilling of the Winx-1 exploration well, onshore North Slope of Alaska 88 Energy announces all major permits granted for the drilling of the Winx-1 exploration well, onshore North Slope of Alaska

  • Equinor acquires offshore wind lease outside Massachusetts

  • OPEC deal will support US drilling


West Africa

FAR Limited reports first phase of Front-End Engineering and Design (FEED) commences on SNE development offshore Senegal