Oil & Gas News

Otto Energy Limited (ASX:OEL) announces that drilling of the ST 224 #1 well has commenced within the South Timbalier 224 (‘ST 224’) lease in the Gulf Of Mexico shelf. Drilling is targeting a large, amplitude supported, high CGR (condensate gas ratio) gas condensate exploration prospect located in the prolific Bul. 1 trend. Otto holds a 25% working interest in ST 224 which is operated by W&T Offshore.

Add Energy, an international energy consultancy provider, has partnered with Transborders Energy (TBE) and joined forces with TechnipFMC and MODEC to create a unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development.

Chevron Corporation (NYSE:CVX) has announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks.

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