WorldOil LLOG tallies first production from its Praline discovery in Mississippi Canyon block Philip LeJeune, LLOG’s President and CEO said “We are pleased to announce first oil from our Praline field, our first pipe-in-pipe tieback, and the continued successful development of our high quality prospect inventory. Praline is the first of four tieback projects we expect to have online in the next year." BP starts new Gulf of Mexico production at Na Kika platform BP announced a significant milestone with the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021. Venezuela’s oil boss projects soaring output, despite crumbling infrastructure and U.S. sanctions “They blocked us, they sanctioned us, they stole all our foreign assets,” said Venezuelan oil minister Tareck El Aissami. “Without any financing, with our own money, we’ve been able to invest enough to stop the slide and start a gradual recovery.” Devon Energy sets net zero 2050 emissions targets, ESG performance goals Devon Energy announced it is establishing new environmental performance targets focused on reducing the carbon intensity of its operations, minimizing freshwater use, and engaging constructively with its value chain. Equinor extends Heimdal gas center’s North Sea service contract to 2023 New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023. Suncor Energy and Terra Nova partners agree to short-term project funding Co-owners of the Terra Nova FPSO facility and associated Terra Nova Field have reached an agreement in principle to restructure the project ownership and provide short-term funding towards continuing the development of the Asset Life Extension Project, with the intent to move to a sanction decision this fall. Lundin Energy targets carbon-neutral oil from Johan Sverdrup Lundin Energy is starting with the Johan Sverdrup field offshore Norway because the direct emissions from the project are already about 40 times lower than the world average, largely because its offshore facilities are powered by electricity. Making in-situ flowmeter calibration a reality A combination of laboratory and wellsite analysis can be used to address in-situ meter performance to reduce maintenance frequency. This conditioned-based monitoring can reduce the overall annual cost of operating multiphase flowmeters in deeper and more remote fields. Iran believes a U.S. energy sanctions deal is in reach, warns “very little time” to settle it Oil markets are closely watching the negotiations for any clues as to when the OPEC member will be able to resume crude sales, and how quickly Washington will allow it to ramp up production. Keystone XL protestors want Biden to revoke more pipeline permits Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure.