Reuters

LONDON/ALGIERS, July 24 (Reuters) - Sonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy BOP Blow Out Preventer repair company gulf coast reached a deal this year to buy its first overseas refinery, its chief executive told Reuters.



North Africa focused oil and gas company, SDX Energy Inc., announced Monday that a gas discovery has been made at its onshore SD-3X well, in Egypt’s South Disouq Concession.



TGS Announces Expansion of Canadian Onshore Seismic Survey
TGS announces the expansion of its Dawson Phase II onshore seismic survey in Canada.

TGS has announced the expansion of its Dawson Phase II onshore seismic survey in Canada.



Offshore Guyana Block Could Require Five FPSOs
The estimated recoverable resources for the Stabroek Block offshore Guyana has risen by at least 25%.

The estimated recoverable resources for the Stabroek Block offshore Guyana has risen by at least 25 percent.



Trump's Twitter War with Iran Spotlights Vital Oil Route
The war of words between Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30% of the world's seaborne-traded crude.



Crude Pulls Back As Focus Returns To Oversupply
Oil prices edged lower as the focus turned to oversupply worries, moving away from escalating tensions between the US and Iran.

Reuters



Reuters

MELBOURNE, July 23 (Reuters) - A private firm is looking to import liquefied natural gas (LNG) to South Australia starting in 2020, around the same time as two other proposed import projects, looking to fill a supply gap as domestic gas gets sucked into LNG exports.



Largest Unconventional Shale Producer in Permian Basin Created
Concho Resources Inc completes its acquisition of RSP Permian Inc, creating the largest unconventional shale producer in the Permian Basin.

Concho Resources Inc.



New Initiative 'Could Help Unlock' Over 3.5B Barrels in UKCS
The OGTC launches an industry-backed initiative, which it says could help unlock more than 3.5 billion barrels of reserves in marginal discoveries on the UK Continental Shelf.



Analyst: New Pipeline in Mexico to Help Relieve Permian Bottleneck
A new natural gas pipeline in northern Mexico should provide needed takeaway capacity for Permian producers.

A new pipeline in northern Mexico should provide some relief for oil producers in the Permian Basin who are struggling with limited takeaway capacity for associated natural gas, according to BMI Research.

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