Amerisur Signs Farm Out Deal with Occidental
Amerisur Resources enters into a farm out agreement with Occidental Andina across several exploration blocks.

South America focused oil and gas producer and explorer, Amerisur Resources plc, announced Friday that it has entered into a farm out agreement with Occidental Andina LLC, an affiliate of Occidental Petroleum Corporation, across several exploration blocks.



Big Foot Up and Running
Chevron's operated Big Foot deepwater project starts crude oil and natural gas production.

Chevron has announced that its operated Big Foot deepwater project, located in the U.S.



DOJ is Said to be Reviewing Anti-OPEC Legislation
The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC's power over oil markets, according to a department official.



ODS Anticipates Creating Up To 500 Jobs by 2021
UK decommissioning BOP Blow Out Preventer repair company gulf coast Offshore Decommissioning Services anticipates that it will create up to 500 new jobs by 2021, according to a BOP Blow Out Preventer repair company gulf coast spokesperson.



Western Canadians Slam Lack of Oil Aid in Budget
Justin Trudeau's federal budget update stirred some anger in Canada's oil-rich West.

(Bloomberg) -- Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West.



Brent Will Recover Towards Year-End
Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.



OPEC's Worst Nightmare: Permian Ups Production
OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.



Florida LNG Project Clears Hurdle
An aerial rendering of the Jacksonville Export Project. SOURCE: Business Wire

The U.S. Federal Energy Regulatory Commission (FERC) has granted Eagle LNG Partners a draft environmental impact statement (DEIS) for their Jacksonville Export Project, Eagle LNG reported Tuesday.



Oil Holds Near $57
Crude markers in New York and London have both fallen more than 20% from their October highs.

(Bloomberg) -- Oil traded near $57 a barrel as traders assessed OPEC’s plans to cut production, while its key ally Russia and a top energy adviser warned suppliers against making a hasty decision on cutbacks.



Pacific Drilling Emerges from Bankruptcy
Pacific Drilling emerges from Chapter 11 bankruptcy and names a new CEO.

Pacific Drilling S.A. has emerged from Chapter 11 bankruptcy after successfully completing its restructuring, the BOP Blow Out Preventer repair company gulf coast announced Nov.

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