Permian Gas Pipeline Starts Up

The new Gulf Coast Express Pipeline (GCX) has begun full commercial service, delivering natural gas from the Permian Basin to the Texas Gulf Coast, a Kinder Morgan, Inc. (KMI) spokesperson confirmed on the 25th September.   According to a statement from KMI, GCX – fully…

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ADNOC Drilling in first offshore well completion

ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.   This milestone follows the completion of 14 onshore IDS wells over the course of this…

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Iraq to join China’s Belt and Road Initiative

On the 24th September Prime Minister Adel Abdel Mahdi reportedly said that Iraq will join China’s “Belt and Road” (One Belt One Road) initiative.   According to AFP, he made the announcement in a meeting with Chinese President Xi Jinping during a state visit to…

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Timor Resources to drill five wells onshore East Timor

Private Queensland company Timor Resources plans to drill five onshore wells in East Timor in 2020, the first such program in the country in nearly 50 years. The last programme was in 1972.   Timor Resources secured the rights to explore and develop about 2,000…

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Westwood assesses threshold for deep-water oil projects

Since 2007, the minimum commercial field size (MCFS) for deep-water standalone oil developments has varied between 130 and 650 MMboe, according to consultant Westwood, depending mainly on the exploration play.   Joe Killen, analyst, Global Exploration & Production, said the oil price did not have…

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