All other major producers in the area said they were still monitoring the weather and had not evacuated anybody.

Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. West Texas Intermediate (WTI) crude was down 22 cents at $47.11 a barrel.

Data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Okla., delivery point for U.S. crude futures during the week to Aug. 23, Reuters reported.

Recent data including stronger-than-expected inflation for July suggested that Norges Bank might hold rates this time, Reuters reported.

The acquisition strengthens Blackeagle's existing Texas operations and puts the company at 'the epicenter of the nation's largest oil producing region.'

Oil flow had stopped in March because of a dispute over the control of the Kurdish oil resources, Reuters said. 

Norway’s oil and gas era kicked off more than 50 years ago, but recent corporate activity demonstrates that plenty of life and potential remain in this mature province.

Earlier this month, KNOC said it was in talks to pull out of an oil project in Kazakhstan after discovering less oil than expected, Reuters reported. 

Headquartered in Norway, LMG is a ship design and engineering house with experience building floating structures, platforms and ships such as drillships, FPSO vessels, floating storage and offloading vessels, offshore support vessels, LNG carriers and LNG-powered ships.

During the week of Aug. 15, U.S. drillers added oil rigs for an eighth consecutive week, the longest recovery streak in the rig count in over two years, Reuters reported.

No hydrocarbons were encountered in the Lower Dornoch and Maureen formations, and the well will be plugged and abandoned.

The U.S. oil major—the country's largest oil and gas producer, supplying more than one-third of its natural gas demand—operates several E&P blocks in the Gulf of Thailand.

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