(Bloomberg) — Iraq plans to announce within a month a supplementary bidding round to the last one signed for the development of a number of Baghdad’s eastern fields, most prominent of which is the Mansuriya natural gas field, Iraq’s Oil Minister Hayyan Abdul Ghani told an audience at an event in the country’s capital. Abdul Ghani said...

(WO) — Equinor has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA. The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst...

(Bloomberg) – Exxon Mobil Corp. is considering resuming a liquefied natural gas project in Mozambique, but with an even bigger capacity than the one it shelved partly because of an Islamic State-linked insurgency. In a statement published Friday in Mozambican newspaper O Pais, the U.S. energy giant called for expressions of interest to desi...

(Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation. The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked...

(Bloomberg) – Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has nudged its forecasts down as worries over the banking sector and the potential for recession outweigh a surge in demand from China. The bank’s analysts now see Brent reaching $94 a barrel for the 12 months ahead, and $97 a barrel in the secon...