Energy Update

(Thu, 21 Jan 2016) Oman is the largest producer of crude oil (including condensate) in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC). Oman's oil production has increased each year since 2007 and ranked 7th among Middle East oil producers and 21st in the world, as of 2014. Production exceeded one million barrels per day in June 2015 for the first time since December 2000.

LOS ANGELES, Jan 20 (Reuters) - Air quality regulators agreed on Wednesday to scrap a proposal to capture and burn off some of the methane spewing into the air from a subterranean pipeline rupture that has forced thousands of Los Angeles residents from their homes since October.

Jan 20 (Reuters) - U.S. pipeline company Kinder Morgan Inc swung to a fourth-quarter loss after a $1.15 billion writedown on natural gas assets, and said weak commodity and stock markets could bring more trouble.

CGG has announced that it will commence a multi-client airborne gravity and magnetic survey offshore South Africa. The Petroleum Agency of South Africa (PASA) has authorized the program which will extend across two blocks totaling approximately 78,000 line kilometers.