Inpex Corp. has received a 10% interest in the Lower Zakum concession offshore Abu Dhabi under an agreement with Abu Dhabi National Oil Co. Inpex paid a participation fee of $600 million. ADNOC earlier awarded a 10% interest in the concession, which has a 40-year term, to a group of state-owned Indian companies led by […]

Jagged Peak Energy Inc., Denver, reported production volumes for fourth-quarter 2017 of 24,037 boe/d (80% oil), an increase of 25% compared with third-quarter 2017. The unaudited volumes were provided on an interim basis because of pending executive management changes.  Source: News

Slumping oil and gas investment in Canada has drawn responses from Alberta officials and an industry group, the latter calling for a federal “vision” for oil and natural gas. The Alberta government has committed to supporting partial upgrading of bitumen with as much as $1 billion (Can.) over 8 years beginning in 2019-20. Source: News

Jerry Schuyler, chairman of Gastar Exploration Inc., Houston, has been appointed the company’s interim chief executive officer. J. Russell Porter, president and chief executive officer of Gastar since 2004, will leave the company following a transitional period and will “remain available to the company on a consulting basis,” the company said.  Source: News

Australia and East Timor have reached a treaty agreement over their disputed maritime border as well as “a pathway” to develop the Greater Sunrise offshore gas fields in the Timor Sea, according to the Permanent Court of Arbitration in The Hague. Source: News

ExxonMobil Corp., operator of the PNG-LNG project, has shut its Hides gas-conditioning plant in the wake of a powerful 7.5 magnitude earthquake that shook the Papua New Guinea highlands region in the early hours of Feb. 26. Source: News

ONGC Videsh Ltd. (OVL) of India and GeoPark, Santiago, Chile, have formed a partnership to jointly acquire oil and gas exploration and production projects in Latin America.  Source: News