US upstream news

Global Data is warning that recent sanctions could hasten the collapse of Venezuela’s economy and prove counterproductive to the stability of the wider oil market.

88 Energy Limited has announced the following update for its projects located on the North Slope of Alaska.

The Dempsey well has produced clean dry natural gas from a vertical interval of over 2000 ft.

Panoro has announced the successful drilling of the DTM-3 appraisal well located at the Tortue field, within the Dussafu License, offshore Gabon.

Swala Oil & Gas (Tanzania) plc has announced that Orca Exploration Group Inc. has agreed to an additional extension to the date by which the second closing and third closing of the previously announced investment by the Company in the Orca group of up to US$130 million must be completed from 11th May 2018 to 29th June 2018.

The development programme establishes a 160 gross bpd end of 2019 target for Zink Ranch.

The Trump administration has withdrawn from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and plans to re-impose sanctions on the country.

Shale Support will work alongside Shale Rail, as a strategic partner for supply chain and transportation needs, leveraging the company’s quality service, history of safety and 20-plus years of industry expertise.

The company has raised £1 million, before expenses, through the issue of new ordinary shares of 0.1 p each in the company (Ordinary Shares) at a price of 3.25p per Ordinary Share.

RSM’s UK delegation is teaming up with RSM US, who are also attending and hosting an evening event, to present a strong combined presence at the conference.