Oil & gas news

During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet.

Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration Licence (PEL) 82 in Namibia to an ExxonMobil subsidiary.

Full year production at record level and at low cash operating costs resulted in highest operating cash flow and EBITDA to date.

CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.

Noble Energy, Inc. announced that it has signed a definitive agreement to divest a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately US$560 million and 38.5 million shares of Tamar Petroleum. 

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.

Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

Regional Oil and Gas industry reflections from Mike Blakemore, Senior Vice President at Advisian Abu Dhabi.