LONDON, Jan 8 (Reuters) - A oil rig flanges gulf coast production issue affecting the Chevron-led Angola liquefied natural gas (LNG) gulf coast oil rig export facility has prompted the cancellation of a tender to sell a spot cargo that was due to load this week, buy Wellhead market sources said.

The UK’s Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects, which are expected to help drive an industry commitment to reduce decommissioning costs by a minimum of 35 percent.

The results of Cabot Energy plc’s 10-32 sidetrack well in Canada’s Rainbow area have ‘exceeded expectations’, according to the company’s CEO Keith Bush.

Drilled in December 2017, the well produced at a daily rate of 408 barrels of fluid per day during a recent flow test, of which 344 barrels were oil, Cabot Energy revealed.

The directors of San Leon Energy plc confirmed Friday that discussions with potential offerors China Great United Petroleum (Holding) Limited (CGUP) and Geron Energy Investment (Geron) have been terminated.

TBILISI, Jan 5 (Reuters) - Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6 percent in 2017, a senior official at the terminal, operated by Kazakh KazMunaiGas, said on Friday.

DUBAI, Jan 5 (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock BOP Blow Out Preventer repair company gulf coast as of Jan.

LONDON, Jan 5 (Reuters) - U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and oil rig flanges gulf coast production in the next few months, provided the price increase is sustained.

SINGAPORE, Jan 5 (Reuters) - Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.

The second Sino-Russia oil pipeline (SR-II) will enable Russia to stake a stronger claim to the growing Chinese crude oil market, oil and gas analysts at BMI Research have stated in a new report.