WorldOil Exxon, Rosneft file joint bids for Mozambique license round Inpex Corp. to drill wildcat offshore Japan Inpex has been commissioned by the Agency of Natural Resources and Energy of Japan’s Ministry of Economy, Trade and Industry to drill one exploratory well for the agency’s Heisei 26~28 Domestic Offshore Drilling Program. Khaled Kacem appointed president of BG Egypt BG Egypt has announced the appointment of Khaled Kacem as the company’s new president. Subsea 7 awarded BP contract offshore Egypt Subsea 7 has announced the award of a contract with a value of about $500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. Technip swings to loss as oil industry downturn lasts Technip SA swung to a loss in the second quarter after Europe’s biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated. Wood Group awarded FEED contract from Woodside Wood Group has secured a new contract to carry out front-end engineering and design (FEED) for the Woodside operated proposed Browse Floating Liquefied Natural Gas (FLNG) Development, offshore Western Australia. Shell plans to cut 6,500 jobs as prolonged downturn looms Royal Dutch Shell Plc said it’s preparing for a “prolonged downturn” by cutting thousands of jobs and slashing billions of dollars in investments over the next two years. The shares gained the most in three weeks. Repsol profit declines 20% as crude slump counters refining Repsol SA, Spain’s largest oil company, reported a 20% drop in second-quarter earnings as lower crude prices outweighed higher refining margins and led to a loss at its upstream operations. Eni second-quarter profit drops 84% as Saipem reports loss Eni SpA said second-quarter profit dropped 84% as its oil-and-gas contractor unit Saipem booked $1 billion in writedowns earlier this week after a plunge in crude prices. Crude oil exports would benefit Great Lakes Region, says Sen. Murkowski U.S. Sen. Lisa Murkowski, R-Alaska has furthered her efforts to end the current ban on U.S. crude oil exports by releasing a report on the potential benefits to the Great Lakes region if the United States allowed domestic crude oil exports. Gas awakening from U.S. shale slumber as LNG shipments near After years of languishing in a shale-induced coma, the U.S. natural gas market is waking up.