GeoPark has agreed to acquire LG International’s interest in its Colombian and Chilean operations and subsidiaries, bringing GeoPark’s equity interest in the assets to 100%. The businesses consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block in Colombia. Source: News

Kuwait National Petroleum Corp. plans to increase Kuwait’s refining capacity to 2 million b/d by 2035. KNPC Chief Executive Officer Mohammad Al-Mutairi discussed the plans with reporters at an event launching the company’s strategy for 2040. Source: News

EOG Resources Inc. reported that Kenneth W. Boedeker has been promoted to executive vice-president, exploration and production, and will join the headquarters executive management team effective Dec. 1. Boedeker is currently vice-president and general manager of EOG’s Denver office, which includes responsibility for operations in the Powder River, Williston, and DJ basins. Source: News

Oil prices moved upward Nov. 26 as the market looked to the upcoming Dec. 6 meeting of the Organization of Petroleum Exporting Countries in Vienna where it is expected that Saudi Arabia will propose production cuts of as much as 1.4 million b/d. Source: News

The Western Australian government has reported a lifting of the moratorium on hydraulic fracturing on existing petroleum exploration and production licenses in the state following the findings of an independent scientific inquiry. Source: News

A project that would store carbon dioxide in a deep saline aquifer off the UK has won an early nod from the Scottish government. Crown Estate Scotland awarded a lease option to Acorn CCS, a project of Pale Blue Dot Energy, Banchory, Scotland, that would capture CO2 emitted by industries near the St. Fergus Gas Terminal and […]

The government of East Timor has moved to a majority interest in the Greater Sunrise natural gas fields with the acquisition of Royal Dutch Shell PLC’s 26.6% stake for $300 million. The acquisition follows the government’s purchase of ConocoPhillips’s 30% stake in the fields for $350 million early in October and now brings East Timor’s […]

Estimated emissions from fossil fuel extraction on federal lands of the three main gases associated with climate change went down from 2005 to 2014, a US Geological Survey study released on Nov. 23 said. Source: News

Sembcorp Marine Rigs & Floaters Pte. Ltd. has been chosen to modify, repair, and extend the life of the Petrojarl Varg floating production, storage, and offloading vessel, which will anchor development of Cheviot oil field and satellites in the UK North Sea. Source: News

Another flat drilling year is in prospect for Canada, according the Canadian Association of Oilwell Drilling Contractors. Source: News