EU Shock Wave: The Latest from London as Market Upheaval Continues. Enormous political and economic upheaval continued this morning in the aftermath of the UK’s historic decision to leave the European Union. [Oilpro]
Oil Prices Ease Again After Brexit Vote. Oil prices slipped on Monday as market participants absorbed the shock of Britain’s vote to leave the European Union though some analysts said Brexit would have a limited impact on global fuel demand. [Reuters]
Woodside’s $1.9bn Investment Justified By “Breakthroughs” In Tech. Woodside announced that with JV participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. Woodside CEO Peter Coleman said that monetising Greater Enfield was made possible by breakthroughs in the development concept, technology and contracting. [Woodside Petroleum]
U.S. Active Oil Rig Count Falls By 7 After Three Week Rally. After three weeks of additions, Baker Hughes reported Friday that the active oil and gas rig count in the U.S. is down 3 from last week, to 421. [Oilpro]
Offshore Worker Injured On Goliat FPSO. An offshore worker was injured on Eni Norge’s Goliat FPSO in the Barents Sea on June 25, Stavanger Aftenblad, Norwegian news website, reported. [Oilpro]
Algeria “Oil And Gas Output On The Rise.” Algeria’s oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African Opec member’s existing fields, state energy company Sonatrach said. [Trade Arabia]
BHP Billiton Creates Value Through Exploration. Speaking at Citigroup’s Mining Exploration Day in Sydney, BHP Billiton Head of Geoscience, Laura Tyler, said the company is focusing its exploration approach through targeted analysis and the establishment of a Geoscience Centre of Excellence. [Oilpro]
ONGC Secures Aban Abraham. Aban Offshore has received a letter of award from India’s ONGC for the deployment of the *Aban Abraham drillship. The contract is for two years and is expected to start in 4Q 2016. [Oilpro]
DNV Awarded Two Frame Agreements. Det norske oljeselskap ASA has awarded two new frame agreements to DNV GL covering the wide range of services DNV GL provides in the field of verification, inspection, and HSEQ. [Oilpro]
SapuraKencana Signs Upstream Gas Sales Agreement. SapuraKencana Energy Sarawak Inc. (SKE) has signed the SK310 Upstream Gas Sales Agreement (UGSA) to produce gas from the B15 gas field, to Petronas. [Oilpro]
Meet Aquatic Biologist, Catherine Shellman, #HUMANSofOG. He writes, “I have helped my husband correlate well logs and prepare subsurface structure maps, go to courthouses and do title work, make mineral leases, survey well location stakes in the ground, drill and complete wells and hook them all up into the tanks; all start to finish.” [Oilpro]