Chevron Suspends Gorgon Production. Chevron Corp. suspended production at its$54 billion Gorgon liquefied natural gas development after a gas leak was detected. The operator evacuated workers from the Barrow Island plant off Australia’s northwest coast. Repairs are underway to the low-pressure flare system and acid-gas removal unit and the company expects to re-start production by the end of the week. [Oilpro]
Oil Prices Continue Falling On Concerns Over Global Growth Prospects. Crude oil prices extended losses Wednesday, having fallen sharply in the previous session, as commodities continue to get hammered by risk-off sentiment after last month’s Brexit vote fueled uncertainty about global growth prospects. [Wall Street Journal]
BP Awards Bibby Diving Support Contract. Bibby Offshore has secured an important contract with BP, the company says. The 15 day project, due to commence in August 2016, will see diving support vessel Bibby Topaz, working on four BP operations across three of its North Sea assets. [Oilpro]
World’s Top Oil Trader Says Prices Won’t Rise Much Further. Oil prices won’t rise much further over the next year and a half as demand growth slows and refiners comfortably meet gasoline consumption, according to the world’s largest independent oil-trading house. [Oilpro, Bloomberg]
First Subsea Scores Appomattox Mooring Connectors Contract. Shell Offshore has awarded First Subsea Ltd a contract to supply Ballgrab subsea mooring line connectorsfor the Appomattox development. [Oilpro]
DeepWell Secures Statoil Contract. DeepWell has secured a long-term contract for provision of mechanical wireline services to Statoil. The contract value for the firm period, including options for add-on services, is estimated to exceed NOK 1 billion over a four-year period, or more than NOK 2 billion if optional periods are included. [Oilpro]
Boosting Recovery. Former BP and Shell geologist Mike Shepherd says the North Sea demonstrates top in class oil recovery factors compared to the rest of the world, but could do better. [Oilpro, oedigital.com]
Petrobras Selling Nine Fields. Petrobras announced that it is putting nine small, shallow-water oil fields up for sale, The Wall Street Journal reports. Petrobras said the nine fields — Caioba, Camorim, Dourado, Guaricema e Tatuí in Sergipe and Curimã, Espada, Atum e Xaréu in Ceará — produced an average of 13,000 bbl last year. [Oilpro, WSJ]
GSP Awarded Tunisia Contract. Grup Servicii Petroliere (GSP) has been awarded anoffshore drilling contract in Tunisia. Drilling operations will be carried out with GSP Jupiter, a cantilever type mobile offshore drilling unit (MODU). [Oilpro]
Brazil 2017 Subsalt Oil Rights Sale To Unlock Stalled Fields. Brazil on Tuesday said it will sell four areas in its prolific subsalt region by mid-2017 to speed up development of offshore oil and gas discoveries blocked by nationalist energy policies and state-run Petrobras’ debt and financial woes. [Reuters]
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