Oil And Gas Updates: 21 December 2018


General

OPEC reportedly set to publish production cut quotas to boost falling oil prices. Oil (WTI) opens at $46.25, Friday Dec 21, 2018.


Africa

Africa Oil Corp announces additional investment in Impact Oil and Gas


Australia

Petrel Energy completes reverse takeover of Warrego Energy


Egypt

Saipem awarded LOI for new Zohr field contract


Indonesia

Bass Oil withdraws from North Madura PSC deal with AziPac following due diligence process


Netherland

Oranje-Nassau Energie and Dyas to merge upstream energy businesses


Norway

  • Var Energi awards Jotun FEED contract to Aker Solutions

  • Lundin Petroleum's Silfari exploration well 6307/1-1S disappoints


Poland

Equinor acquires interest in Polish offshore wind development project


Turkey

SOCAR and BP explore the creation of a new petrochemicals joint venture in Turkey


United Kingdom

  • ConocoPhillips closes sale of 16.5 percent interest in Clair field to BP

  • InfraStrata issues Invitation to Tender for the Islandmagee gas storage project


United States

  • Subsea 7 awarded contract offshore US Gulf of Mexico

  • World Oil and Gas Council names ExxonMobil 2018 Large Cap Company of the Year and Explorer of the Year

  • EDF Renewables and Shell invest in New Jersey offshore wind

  • US Gulf of Mexico poised for historic year in 2019 - Wood Mackenzie


Venezuela

Maurel & Prom completes the acquisition of Shell’s stake in the Urdaneta West field in Venezuela