http://www.worldoil.com WorldOil INTECSEA awarded contract for Buckskin-Moccasin development http://www.worldoil.com/news/2015/2/26/intecsea-awarded-contract-for-buckskin-moccasin-development INTECSEA has been selected by Chevron to provide engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. Becht Engineering Co. acquires The CECON Group http://www.worldoil.com/news/2015/2/26/becht-engineering-co-acquires-the-cecon-group Becht Engineering Co., Inc., has acquired Wilmington, Delaware-based The CECON Group, Inc. Terms of the transaction were not announced. German beer brewers win hydraulic fracturing protection for water wells http://www.worldoil.com/news/2015/2/26/german-beer-brewers-win-hydraulic-fracturing-protection-for-water-wells German brewers have won the backing of Chancellor Angela Merkel’s government to protect the springs they use from hydraulic fracturing, which they say could taint the purity of their beer. Alberta energy drillers pivot to natural gas as oil plunges http://www.worldoil.com/news/2015/2/26/alberta-energy-drillers-pivot-to-natural-gas-as-oil-plunges Alberta’s energy producers are pivoting toward developing gas reserves rather than oil after crude lost half its value last year. Bear Head LNG files application with DOE to export gas to Canada http://www.worldoil.com/news/2015/2/26/bear-head-lng-files-application-with-doe-to-export-gas-to-canada Bear Head LNG Corp. and Bear Head LNG (USA), LLC, both wholly owned subsidiaries of Liquefied Natural Gas Limited (LNGL), have filed an application with the U.S. Department of Energy (DOE) requesting authorization to export up to 440 Bcf per year of U.S. natural gas to Canada, and up to 8 mtpa of LNG from Canada to Free Trade Agreement (FTA) and Non-FTA nations. Statoil awards Mariner supply base, warehousing contracts to Asco http://www.worldoil.com/news/2015/2/26/statoil-awards-mariner-supply-base-warehousing-contracts-to-asco Statoil (UK) Limited has awarded the contracts for supply base and warehousing services for Mariner field to Asco UK Limited. CGG to cut about 400 jobs after reporting $1.2 billion net loss http://www.worldoil.com/news/2015/2/26/cgg-to-cut-about-400-jobs-after-reporting-12-billion-net-loss CGG, the oil field seismic surveyor that rejected a takeover approach last year by Technip, reported a net loss of $1.2 billion in 2014 after a writedown for restructuring costs and an impairment on marine assets. Seadrill profit declines 32% as crude slump forces rig delays http://www.worldoil.com/news/2015/2/26/seadrill-profit-declines-32-as-crude-slump-forces-rig-delays Seadrill, the offshore driller controlled by billionaire John Fredriksen, said fourth-quarter profit fell by a third as low oil prices weaken demand for rigs, forcing it to delay the delivery of new units and consider lowering rates on existing contracts. American Impact Energy acquires Permian basin acreage http://www.worldoil.com/news/2015/2/26/american-impact-energy-acquires-permian-basin-acreage American Impact Energy has acquired over 18,000 prime leasehold acres in the Permian basin. SD Mines raises $1.4 million for Energy Resources Initiative http://www.worldoil.com/news/2015/2/26/sd-mines-raises-14-million-for-energy-resources-initiative The South Dakota School of Mines and Technology has announced that $1.4 million has been raised for its new Energy Resources Initiative, and the search will begin for a Director. Alliance Sensors Group introduces SS-7 Series LVIT inductive linear sensors http://www.worldoil.com/news/2015/2/26/alliance-sensors-group-introduces-ss-7-series-lvit-inductive-linear-sensors Alliance Sensors Group has introduced the SS-7 series LVIT (Linear Variable Inductive Transducer) designed for subsea environments and the demands of oil and gas exploration.