NEW ZEALAND: OFFSHORE TENDER
OGJ. New Zealand's Petroleum & Minerals (NZPM) has announced a 2014 tender for petroleum exploration permits. The offer includes five offshore and three onshore blocks encompassing 405,000 sq km.
"The areas comprise well-explored through frontier regions where little to no exploration has taken place," said Kevin Rolens, NZPM national manager.
The 2014 offshore blocks on offer include:
• Reinga-Northland basin (North Island), 75,190.50 sq km.
• New Caledonia basin (North Island), 49,051.79 sq km.
• Taranaki basin (North Island), 54,920.92 sq km.
• Pegasus-East Coast basin (North Island), 75,009.04 sq km.
• Great South and Canterbury basin (South Island), 141,755.68 sq km.
The onshore blocks are:
• East Coast basin (North Island), 1,341.43 sq km.
• Taranaki basin (North Island), 1,159.03 sq km.
• West Coast basin (South Island), 6,752.19 sq km.
The tender, which opened Apr. 2, will close on Sep. 25. According to NZPM, this is the government's third annual competitive tender round. Ten awards were licensed in 2013.
New Zealand's NZPM expects to award exploration permits by December. NZPM is providing data packs containing more than 239,000 km of 2D and 11,000 sq km of 3D seismic data.
|October, 15, 12:30:00|
|October, 15, 12:25:00|
|October, 15, 12:20:00|
|October, 15, 12:15:00|
|October, 15, 12:10:00|
|October, 15, 12:05:00|
GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).
BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.
REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.
EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.