Daily Archives: August 29, 2016

ARA Petroleum acquires Block 44 in Oman

Rate this article ARA Petroleum LLC, Muscat, said it will conduct drilling and workover campaigns in 2017 and 2018 on Omani Block 44 after acquiring PTTEP Oman Co., which has held a 100% interest in the onshore acreage since 2002. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Watching Government: Why US, Canada GHG plans differ

Rate this article Canada and the US face different greenhouse gas (GHG) emission challenges and are taking different approaches despite their close economic, social, and cultural ties, a recent IHS Markit report said. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

WoodMac cuts Norway capital investment forecast by $50 billion

Rate this article Research and consulting firm Wood Mackenzie Ltd. has slashed $50 billion from its oil and gas capital investment forecast for Norway during 2016-20, reflecting the deferral or scrapping of more than 10 projects. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

BHI: Oil rigs lift overall US rig count

Rate this article Entirely comprising oil-directed units, the US drilling rig count increased by 10 during the week ended Aug. 19, according to data from Baker Hughes Inc. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Timor Gap arbitration begins in The Hague

Rate this article The long-running dispute between Australia and Timor Leste concerning maritime boundaries in the Timor Sea is being played out in the Permanent Court of Arbitration in The Hague starting Aug. 29. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest