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Oil And Gas Updates: 14 February 2019

General

Forecasters say oil supply growth will outpace the increase in demand this year . Oil (WTI) Trades Above at $53 on February 14, 2019

Australia

Carnarvon Petroleum announces successful capital raising of $50 million

China

China's crude imports in January were above 10 million barrels per day for third straight month.

Gulf of Mexico

Byron Energy to acquire South Marsh Island 58 production and lease block

PNG

Searcher Seismic completes airborne geophysical survey in Papua New Guinea

South Korea

Chevron signs new gas agreement with GS Caltex for the delivery of liquefied natural gas (LNG) to South Korea from Chevron’s global supply portfolio.

United Kingdom

UK Oil & Gas acquires further interest in Horse Hill oil field and licences

United States

  • Nostra Terra Oil & Gas announces 276% increase in net 2P (Proved & Probable) reserves to 2,429,660 barrels of oil, up from 646,280 barrels of oil (1P at Pine Mills and Permian Basin from 2017)

  • Woodside Energy full-year profit up 28 percent to USD1,364 million