Oil And Gas Updates: 19 December 2018


General

Oil prices tumbled more than 7 percent on Tuesday, falling to their lowest levels in more than a year. Oil (WTI) opens at $45.93, Wednesday Dec 19, 2018.


Australia

Pilot Energy terminates sale of WA-503-P to Black Swan Resources


China

CNOOC signs Strategic Cooperation Agreements with 9 international oil companies


Indonesia

Eni announces Merakes East gas discovery in the Indonesian offshore


Norway

  • Equinor granted drilling permit for well 7132/2-2 in PL 857

  • Processing topside ready for Johan Sverdrup


UAE

ADNOC awards Austria’s OMV 5 percent stake in Ghasha offshore ultra-sour gas concession


United Kingdom

  • Angus Energy commences commercial flow test programme at the Brockham oil field

  • Ikon Science acquires Perigon Solutions

  • InfraStrata applies for additional licence for its Islandmagee gas storage project

  • Petrofac awarded Ithaca construction and commissioning contract

  • DOF Subsea awarded three new North Sea contracts


United States

Reabold Resources spuds VG-4 well, West Brentwood Licence, California