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Commodities
Oil & Gas Journal

EIA: US crude inventories up 1.3 million bbl

US crude oil inventories for the week ended Feb. 19, excluding the Strategic Petroleum Reserve, increased by 1.3 million bbl from the previous week, according to data from the US Energy Information Administration. At 463.0 million bbl, US crude oil inventories are at the 5-year

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Commodities
Oil & Gas Journal

NEO Energy to acquire North Sea portfolio from ExxonMobil

NEO Energy has agreed to acquire a portfolio of non-operated North Sea oil and gas assets from ExxonMobil. Following completion, NEO expects proforma 2021 production to be 70,000 boe/d and to grow organically to more than 80,000 boe/d in 2024 through ongoing field developments. The

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Commodities
Oil & Gas Journal

Tamaska buys into Carnarvon basin prospect

Tamaska Oil & Gas Ltd., Perth, has acquired a 20% interest in the Talisman Deeps project in production license WA-8-L in the offshore Barrow-Dampier subbasin of Western Australia. The license contains an undrilled up-thrown tilted fault block prospect named Napoleon which recent seismic mapping suggests

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Commodities
Oil & Gas Journal

Santos targets September FID for Moomba CCS project

Santos Ltd., Adelaide, is expecting a final investment decision (FID) for its proposed carbon capture and storage (CCS) project at Moomba in South Australia by September. The company’s chief executive officer, Kevin Gallagher, mentioned the target date as part of a company year-end results presentation

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Commodities
Oil & Gas Journal

Petrobras begins binding phase for Carmópolis cluster sale

Petróleo Brasileiro SA (Petrobras) has started the binding phase of the sale of its stakes in the Carmópolis cluster in Sergipe, onshore Brazil (OGJ Online, Nov. 20, 2020). Potential buyers qualified for the phase will receive a process letter with instructions on the divestment process,

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