http://www.worldoil.com WorldOil Statoil exec sees a year of cash flow challenges, cost containment http://www.worldoil.com/news/2015/3/5/statoil-exec-sees-a-year-of-cash-flow-challenges-cost-containment For the remainder of 2015, the global EandP industry should expect to see operators wrestling with cash flow challenges, negotiating price discounts with suppliers and looking to sell assets to raise cash, said Jason Nye, Statoil’s senior V.P. for U.S. Offshore Development and Production, North America. His comments came during a presentation to The 5th Norwegian Finance Day, held Wednesday by the Norwegian Consulate General at the Federal Reserve Bank in Houston. Colorado operator misses bond payment, marking junk's swift fall http://www.worldoil.com/news/2015/3/5/colorado-operator-misses-bond-payment-marking-junks-swift-fall DENVER -- A Colorado oil producer is giving debt investors a lesson in the risks of lending to companies that staked their future on the U.S. shale boom. ConocoPhillps’ chief economist sees gradual market recovery http://www.worldoil.com/news/2015/3/5/conocophillps-chief-economist-sees-gradual-market-recovery HOUSTON -- The recovery of the global oil market from sharply lower oil prices will be gradual, and it will be driven mostly by a supply response, said ConocoPhillips Chief Economist Marianne Kah. Her comments came during a presentation to The 5th Norwegian Finance Day, held Wednesday by the Norwegian Consulate General at the Federal Reserve Bank in Houston. Shell contracts first LNG-fuelled supply vessel for deepwater Gulf of Mexico http://www.worldoil.com/news/2015/3/5/shell-contracts-first-lng-fuelled-supply-vessel-for-deepwater-gulf-of-mexico Canadian Natural Resources triples profits by pumping more oil http://www.worldoil.com/news/2015/3/5/canadian-natural-resources-triples-profits-by-pumping-more-oil Canadian Natural Resources, the nation’s largest heavy crude producer, boosted its dividend by half a cent after reporting an almost tripling of its profit as it pumped more oil to counter the effect of plunging prices. Honeywell wins contract for third HLJOC platform offshore Vietnam http://www.worldoil.com/news/2015/3/5/honeywell-wins-contract-for-third-hljoc-platform-offshore-vietnam Honeywell Process Solutions announced Thursday it has been selected to handle critical project management and engineering for a third oil and natural gas platform that will tap energy reserves off the coast of Vietnam. Exxon looks to U.S. shale fields to drive global growth http://www.worldoil.com/news/2015/3/5/exxon-looks-to-us-shale-fields-to-drive-global-growth In a world of $55/bbl oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future. Tendeka celebrates 10,000 FloSure AICD installations http://www.worldoil.com/news/2015/3/5/tendeka-celebrates-10-000-flosure-aicd-installations Tendeka has reached a landmark in the growing demand for its FloSure autonomous inflow control device (AICD) range, with more than 10,000 now having been installed globally. Oil gains on Libya turmoil while Cushing supply growth slows http://www.worldoil.com/news/2015/3/5/oil-gains-on-libya-turmoil-while-cushing-supply-growth-slows Oil rose in London after Libya suspended its obligation to deliver supplies from 11 oil fields amid clashes between guards and Islamist militants. Prices gained in New York as inventory growth at the largest U.S. storage hub slowed. Lamprell delivers second jackup to Greatship Group http://www.worldoil.com/news/2015/3/5/lamprell-delivers-second-jackup-to-greatship-group Lamprell has announced the completion of construction on a further jackup rig, the Greatdrill Chaaru, and its delivery to Greatship Global Energy Services Pte. Ltd. Rosneft, Golar LNG to partner on FLNG http://www.worldoil.com/news/2015/3/5/rosneft-golar-lng-to-partner-on-flng Rosneft and Golar LNG Ltd. have entered into a Memorandum of Understanding that foresees cooperation between the companies in the area of floating liquefaction and transportation of natural gas.