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Cobalt and Total announce significant North Platte deepwater Gulf of Mexico discovery

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Cobalt International Energy, Inc., an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico.

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Meanwhile, OPEC added a new member in July—Gabon—and next month Nigeria’s Mohammed Barkindo will take over as the group’s secretary general.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction. Depending on region, these may include power generation; gas re-injection (for enhanced oil recovery, gathering and processing); pipeline development and distributed energy solutions. Advance local solutions.

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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The feasibility study will consider two options: a 2 million tons per year (roughly 40,000 barrels of oil equivalent per day) facility and a 4 million tons per year (roughly 80,000 boepd) facility. In partnership with Qatar Petroleum, it started up its first international GTL plant, Oryx GTL, in 2007. Earlier post.)

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