Denmark awards 16 exploration licenses

The Danish Energy Agency has awarded 16 oil and gas exploration licenses to 12 companies as part of the country’s seventh licensing round. Source: News


Barents Sea well proves viability of shallow horizontal development drilling

A well test via the Wisting Central II horizontal appraisal well in the Barents Sea has recorded a flow rate of more than 5,000 boe/d and has therefore proved the viability of shallow horizontal drilling needed to develop Wisting field, OMV AS reported. Source: News


Suit hits Halliburton-Baker Hughes merger

Halliburton Co. and Baker Hughes Inc. intend to “vigorously contest” a lawsuit filed Apr. 6 by the US Department of Justice that seeks to block their proposed merger. Source: News


EIA: US crude stocks down 4.9 million bbl

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, declined 4.9 million bbl during the week ended Apr. 1 from the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News