Chevron, asset sales, oil and gas, NAPE, Bruce Niemeyer, Permian, Delaware, Midland

The company has identified up to 200,000 acres in the Midland and Delaware sub-basins for transactions in 2017-2018.

Gulf of Mexico, oil and gas, lease sale, Total, BOEM

Statistics from the Aug. 16 sale show 27 companies participated and submitted 99 bids on 90 tracts. Total E&P USA submitted the highest single bid at $12.1 million.

ONGC Videsh, exploration, invest, Colombia, Bangladesh, Kazakhstan, oil and gas

The investment plans include drilling more wells in Colombia, where the company recently made a commercial discovery, and exploration activities in Kazakhstan and Bangladesh.

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

Kuwait Oil Co., Jurassic Gas fields, natural gas, consumption, Kuwait

Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.

Brazil, oil and gas, licensing round, ANP, Shell, Repsol, Santos Basin

Scheduled for September, the round will offer 287 blocks in onshore and offshore basins.

Cobalt, asset sales, Gulf of Mexico, Angola, North Platte

Cobalt hopes to finalize the bidding process for its GoM assets in September as it continues to resolve concerns with its Angola assets sale.

Kosmos Energy, Andy Inglis, BP, exploration, partnership, offshore, Atlantic Margin, Senegal, Mauritania

The partnership was formed as the oil and gas industry works to keep exploration efforts alive following spending cuts caused by lower commodity prices.

Egypt Offshore Demarcation

Egypt is speeding up negotiations with neighboring countries to finalize the demarcation of borders in the Mediterranean, which proved to hold huge reserve of natural gas compared to the Red Sea.

Not surprisingly, a recent survey shows little appetite for risk in the current environment.

A new free software tool provides probabilistic assessment of potentially active faults.

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