Santos Ltd., Adelaide, has announced a continuation of the divestment of its late-life noncore assets with the sale of most of its Asian portfolio to UK-based Ophir Energy PLC for $221 million. Source: News

Eni SPA reports an oil discovery with its first well exploring deep sequences of the Faghur basin in Egypt’s Western Desert. It has put the well, SWM A-2X, on production at the rate of 2,300 b/d of 32° gravity oil and 400 Mscfd of associated natural gas from completions in Carboniferous Dessouky sandstone. Source: News

The US Lower 48 (L48) average rig count is expected to grow only moderately in 2018 while operators focus primarily on completions and production management rather than on drilling. Rig count growth accelerated during 2017, but Wood Mackenzie analysts expect slower average growth in 2018-19 rig counts, saying producers now are focused on completions. Source: […]

The North Field, which is considered one of the largest gas condensate fields in the world, was once considered noncommercial. From the initial discovery in 1971, the industry took 20 years to formally begin developing the field’s resources. New seismic technology may unveil even more resources in and around the established boundaries of the field, […]

“You are dead already, GO LIE IN YOUR PINE BOX AND ROT.” Source: News

Enterprise Products Partners has entered the first of three cryogenic natural gas processing plants at its operations in Reeves County, Tex., near Orla. The 300-MMcfd Orla 1 train, which is also equipped to extract more than 40,000-b/d of NGLs, began commercial operations as of May 2, EPP said.  Source: News

The international rig count increased 6 units month-over-month to 978 in April from 972 rigs in March, and up 22 from 956 a year ago, according to Baker Hughes data. The international offshore rig count for April was 194, up 6 from 185 in the previous month, and down 7 from 201 in April 2017.  […]

Qatar Petroleum has let a contract to McDermott International Inc. for detailed design of offshore jackets for the expansion of giant offshore North natural gas field. The project will add 4.6 bcfd of production capacity in the southern part of the field and includes expansion of LNG production capacity to 100 million tonnes/year from 77 […]