The international rig count for September was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted a year ago, according to Baker Hughes data. Source: News
Savannah reports fifth Niger oil strike
Savannah Petroleum PLC, London, will assess the R3 section of its R3/R4 production sharing contract block in southeastern Niger with prestack depth migration (PSDM) of 3D seismic data after logging its fifth oil discovery in the area. Source: News
Beach Energy sells 40% of its Otway basin interests
Adelaide-headquartered Beach Energy Ltd. has sold 40% of its Victorian/Tasmanian Otway basin interests to Monaco-based Israeli businessman Eyal Ofer’s O.G. Energy Holdings Ltd for A$344 million in cash. Source: News
MARKET WATCH: Crude oil prices retreat, NYMEX drops $2/bbl
Crude oil prices retreated on both the New York and London markets Oct. 4 with light, sweet crude prices dropping about $2/bbl while Brent crude price prices dropped about $1.70/bbl, which analysts attributed to volatility in US equity and bond markets. Source: News
Michigan in new agreement for Enbridge to replace Line 5 in Straits
Enbridge Inc. will shut down and replace its Line 5 across the Straits of Mackinac with a multi-use utility tunnel that the Calgary energy transmission company will pay for, Michigan Gov. Rick Snyder (R) announced. Source: News
Williams to place Atlantic Sunrise gas pipeline into full service
Williams Cos. received US Federal Energy Regulatory Commission approval to place its Atlantic Sunrise natural gas project into full service. The company plans to do so Oct. 6, 2018. Source: News
Map Ta Phut Olefins lets contract for cracker debottlenecking, expansion
Map Ta Phut Olefins Co. Ltd. (MOC), a joint-venture of Siam Cement Public Co. Ltd. subsidiary SGC Chemicals Co. Ltd. and Dow Chemical Co., has let a contract to McDermott International Inc. to provide process technology for the upgrade and expansion of an existing olefins cracker at MOC’s petrochemical plant in Rayong Province, Thailand. Source: News
Cape Vulture appraisal well completed offshore Norway
Cape Vulture appraisal well was drilled in 372 m of water on license PL128/PL128D about 7 km north of the Norne floating production, storage, and offloading vessel in the northern Norwegian Sea, 180 km from the coast and 3.5 km north of the discovery well, said license partner Eni. Source: News
Eni Norge gets regulatory nod for Barents Sea exploration drilling
Norway’s Petroleum Safety Authority (PSA) has granted Eni Norge AS consent for exploration drilling in two blocks in the Barents Sea. Source: News
RockRose acquires Dyas’s Dutch interests
RockRose Energy PLC, London, has acquired Dyas BV and Dyas Infrastructure BV, which hold the Dutch interests of Dyas, a subsidiary of SHV Holdings NV, Utrecht. Source: News