Current Texas law requires 100% of both working and royalty interest owners to sign off on enhanced well development, giving it the highest threshold of any oil-producing state.
Source: Offshore
Texas Bill Would Give Super Majority Rights to Drill Old Wells
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Iran’s oil minister expresses optimism about an upcoming OPEC meeting, saying crude prices could jump to $55 per barrel.
Source: Offshore
Iran: Oil May Rise to if All Producers Cooperate
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Energy company Engie and mobile provider Orange are to rollout nearly 1,000 solar kits to the countries under a new plan to address rural electrification issues in Africa
Source: African Review
Orange and Engie announce solar plan for Senegal, Côte d'Ivoire and Cameroon
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About 28 percent of respondents reveal that they are actively looking for a new oil and gas job despite being in employment.
Source: Offshore
Survey: Oil, Gas Pros Seek New Jobs despite Being Employed
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Over 50 years of North Sea exploration data has been mined as part of a challenge set by Common Data Access.
Source: Offshore
CDA Challenge Sees Companies Mine 50 Years of N.Sea Exploration Data
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A Moscow arbitration court turns down a claim by a minority shareholder in Russian oil pipeline monopoly Transneft who had alleged that the dividend payouts were too low.
Source: Offshore
Russian Court Turns Down Shareholder Claim Over Transneft Dividend
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San Leon Energy sells its interests in 2 Polish onshore assets to Palomar Natural Resources.
Source: Offshore
San Leon Sells 2 Polish Onshore Assets
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Oil output from BP-led oilfields in Azerbaijan rose in the first 3 quarters of 2016 to 644,000 barrels per day.
Source: Offshore
BP Says Jan-Sept Oil Output At Azeri Projects Up To 644,000 Bpd
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PTT Exploration and Production cuts its 2016 capital expenditure budget to $1.4 billion from $1.7 billion, citing cost cuts and the postponement of high-risk projects.
Source: Offshore
Thai PTTEP Cuts 2016 Capex To .4B, Looks For M&A
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Up to 50% of oil majors’ production could be hit with carbon costs over the next decade, if the countries and regions that currently price carbon extend their policies to the extractives sectors.
Source: Offshore
WoodMac: 50% of Oil Majors' Production could be Hit with Carbon Costs
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