The Brent crude oil price for November jumped by more than $2 on the London market to settle above $81/bbl on Sept. 24, marking the highest Brent settlement since November 2014. For this year, it was the first time since May that Brent broke above $80/bbl. US light, sweet crude for November delivery jumped by […]

The Oil & Gas Climate Initiative (OGCI) set a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one-fifth to below 0.25%, with the ambition to achieve 0.2%, corresponding to a reduction by one-third. Source: News

Total SA reported encouraging preliminary test results from the Shwe Yee Htun-2 natural gas discovery on A6 Block offshore Myanmar. An appraisal well, drilled to 4,820 m TD, encountered 40 m of net pay in a high-quality reservoir that Total executives believe offers production deliverability. Source: News

Shareholders of both Marathon Petroleum Corp. and US independent Andeavor, formerly Tesoro Corp., have voted to approve the combination of the two companies to create the largest US refiner by capacity and one of the top five largest refiners globally. Source: News

CME Group will offer a new West Texas Intermediate Houston crude oil futures contract with three physical delivery locations on the Enterprise Houston system. Pending regulatory review, WTI Houston oil futures will be listed with and subject to the rules of the New York Mercantile Exchange, beginning with the January 2019 contract month. Source: News

Valeura Energy Inc., Calgary, soon will spud Inanli-1, the first of three appraisal wells planned for its Yamalik-1 discovery in Northwest Turkey, newly recompleted for the start of a long-term production test. Source: News

Tullow Oil PLC group’s much-touted offshore Namibian wildcat, Cormorant-1, has been plugged and abandoned as a dry hole in the Walvis basin about 420 km south of the Angola-Namibia border. Joint venture partner Pancontinental Oil & Gas NL, Perth, said the well in permit PEL 37 reached a total measured depth of 3,855 m materially […]

Turkish Petroleum has let a two-well contract to Rowan Cos. PLC for its Rowan Norway, an N-Class ultra-harsh environment jack up rig, for use in the Mediterranean Sea. Source: News

Total SA made a natural gas discovery on the Glendronach prospect offshore UK West of Shetland that it believes can be commercialized quickly and at low cost by leveraging the existing Laggan-Tormore infrastructure. Source: News

Enable Midstream Partners LP, Oklahoma City, launched a nonbinding open season to gather additional interest for firm natural gas transportation capacity on the Gulf Run Pipeline, a planned interstate transportation project designed to connect US gas supplies to LNG export markets on the Gulf Coast. Source: News