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Oil And Gas Updates: 12 February 2019

General

Oil prices surge by more than 2.5% as OPEC report shows big output drop. Oil (WTI) to trade at $53.78 a barrel on February 12, 2019.

Argentina

Echo Energy announces result of EMS-1001 well stimulation programme

Australia

  • Bounty Oil & Gas to retain its interest in Sydney Basin permit PEP 11

  • Carnarvon Petroleum announces AUD50 million placement to fund expanded appraisal and exploration program

Botswana

Tlou Energy completes drilling of first development pod at its Lesedi CBM project in Botswana

Brazil

Benthic conducts geotechnical services for Equinor offshore Brazil

Egypt

DEA awarded new licence in the Onshore Nile Delta as part of 2018 Bid Round

Norway

  • Aker BP receives consent for production drilling at the Volund field

  • Equinor's Barents Sea well 7132/2-1 completed as dry hole


United Kingdom

Perenco reported to be considering sale of North Sea gas fields

United States

  • TGS enters new play in U.S onshore with Railgun 3D seismic survey in the Powder River Basin

  • Equinor launches high-tech buoy in next step toward harnessing clean energy from offshore wind