Rystad Energy believes the Permian basin will singlehandedly restore US onshore oil production growth by November.

Gulf of Mexico production was down by 312,280 b/d of oil and 360 MMcfd of natural gas at midday Aug. 31 as operators prepared for Tropical Depression No. 9, according to the US Bureau of Safety and Environmental Enforcement.

Statoil ASA and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding to serves as a framework for the evaluation of joint participation in future tenders for exploration areas and the increase of upstream collaboration in producing fields in the Santos and Campos basins offshore Brazil.

Libya’s reconstituted government is receiving blame for failure of oil production to recover from a slump caused by civil war and for the related loss of income.

Det norske oljeselskap ASA encountered a 109-m gross oil column in the Vestland Group while drilling exploration well 25/2-18 S on the Langfjellet prospect in the North Sea.

Vaalco Energy Inc. has resumed production from its Avouma 2-H well on the Avouma platform offshore Gabon, and the Houston independent continues to monitor its electric submersible pumps (ESP).

Sydney-based Origin Energy Ltd.’s wholly owned Halladale and Speculant natural gas fields in the offshore Otway basin of Victoria have been brought on stream.

Indorama Ventures Olefins LLC (IVO), a subsidiary of Thailand’s Indorama Ventures Public Co. Ltd. (IVL), Bangkok, has secured approvals from US regulators to proceed with its plan to renovate and restart a dormant ethane cracker in Westlake, La., just west of Lake Charles in Calcasieu Parish.

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2.3 million bbl during the week ended Aug. 26 compared with the previous week, according to the US Energy Information Administration’s Petroleum Status Report.