World Economic Order Shaken- Oil Prices Dive After UK Votes To Leave EU. Oil prices are plummeting Friday morning after the UK on Thursday voted to leave the European Union, prompting fears of weaker economic growth and, consequently, weaker demand. [Oilpro]
How Will The Expansion Of The Panama Canal Impact Oil Flows? The EIA’s daily briefing on Thursday explores the implications of the expansion of the Panama Canal,set to begin on June 26, on crude oil and petroleum product flows. [Oilpro]
Crews Stop Southern California Oil Spill From Flowing Into The Ocean. Crews in Ventura County, California, have stopped up to 700 barrels of oil from flowing into the Pacific Ocean after a leak was detected at Prince Barranca valley, officials quoted by the Los Angeles Times said. [Oilpro]
Coming Oil Supply Shortage: Ramping Up The DUCs. Coming on the heels of the last few articles about DUCs (drilled uncompleted wells) another discussion that isbeginning to occur between analysts and companies is the shortage of equipment and manpower. [Oilpro, DrillingInfo]
Iran, Kurdistan Regional Govt Reportedly Close To O&G Deal. Iran and the Kurdistan Regional Government (KRG) are reportedly considering a cooperation agreement that would allow for Kurdish oil to be shipped to Iran, Upstream Online reported. [Oilpro]
CNSOPB Permits Shell To Resume Drilling. The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has permitted Shell Canada to resume drilling with restrictions at its Cheshire L-97 exploration well. [Oilpro]
World Bank: Uganda Could Get Rich On Oil. Uganda could dramatically overhaul its economy with the right management policies in place by the time oil starts flowing in 2018, the World Bank said. [UPI]
Noble Energy Wins FEED For Leviathan Field. Leviathan project partners have awarded Noble Energy, the operator, a Front End Engineering Design (FEED) contract for the Leviathan project production platform. The contract is valued at $120 million. [Oilpro]
POSH Wins Support Contract For Shell’s Prelude. PACC Offshore Services Holdings (POSH) has won a contract from Technip Oceania to deploy its semi-submersible accommodation vessel POSH Arcadia to support Shell’s floating LNG facility Prelude.[Splash 247, Oilpro]
Ithaca To Tie Stella Into Norpipe System. Ithaca Energy Inc. reports that the on-going Greater Stella Area (GSA) development program in the UK central North Sea is in the final stages of commissioning. [Oilpro]
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