Top bidders included Shell Offshore, Statoil, Chevron and Hess Corp – each offering more than $44 million for access to offshore exploration and production, according to federal records. Link to full article: Gulf Of Mexico Lease Sale Nets 5M in Bids, Feds Suggest Trump Bounce Source: RigZone
Both the US and global benchmarks slipped over 80 cents off newsflow that US crude inventories had risen by 5 million barrels for the week ending March 17. Link to full article: Oil Falls on Yet Another US Crude Build Source: RigZone
Petrobras raises a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion. Link to full article: Petrobras Raises Asset Sale Goal To B For 2017-2018 Period Source: RigZone
Libya’s oil production has reached 700,000 barrels per day, the National Oil Corporation (NOC) says. Link to full article: NOC: Libyan Oil Output Rises To 700,000 Bpd After Port Fighting Ends Source: RigZone
A.P. Moller-Maersk reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025. Link to full article: Maersk Reaches Key North Sea Tax Deal With Denmark Source: RigZone
India approves a policy allowing extra time to contractors of old blocks to unlock oil and gas reserves of more than 426 million barrels. Link to full article: India Eases Rules For Old Oil, Gas Blocks; To Unlock B Reserves Source: RigZone
Following the closing of its acquisition of Spectra Energy, Enbridge is trimming its workforce by 6%. Link to full article: Enbridge Cutting 1,000 Jobs in US and Canada Source: RigZone
As we near the end of the 1Q, recruiters weigh in on what the industry’s current needs are and what we will see going forward in the recruitment space. Link to full article: Recruiter Check-In: What’s Happening in Oil, Gas Source: RigZone
The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company. Link to full article: Petrochina’s Head Of Crude Oil Trading Resigns, Replaced By Deputy Source: RigZone
Wintershall is still looking for ways to support the Nord Stream 2 pipeline project. Link to full article: Wintershall Says Ready To Continue Supporting Nord Stream 2 Source: RigZone
The offshore industry will play a vital role in a second Scottish independence referendum campaign, Wood Mackenzie says. Link to full article: Offshore Industry To Play ‘Vital Role’ in Scottish Independence Campaign Source: RigZone
India’s oil output in February fell 3.4% to about 2.80 million tons year-over-year. Link to full article: India’s Feb Oil Output Falls 3.4% YoY Source: RigZone
The high calibre of its staff helps EnerMech secure a pre-commissioning subcontract with Technip Oceania Pty Ltd on the Shell Australia operated Prelude FLNG project. Link to full article: High Calibre Staff Helps EnerMech Secure Prelude FLNG Contract Source: RigZone
Britain’s IGas has won planning consent from Nottinghamshire County Council to develop a shale gas well site and drill an exploratory well at Tinker Lane. Link to full article: Britain’s Igas Wins Approval For Shale Gas Exploration Source: RigZone
New Zealand Energy and Resources Minister Judith Collins opens the Block Offer 2017 tender for petroleum exploration permits. Link to full article: New Zealand Opens Block Offer Tender for Exploration Permits Source: RigZone