WorldOil Forced asset sales seen as banks squeeze Canada oil companies Starting in earnest after Labor Day, oil and natural gas companies will begin the twice-yearly pilgrimage to their banks to discuss funding. BASF and Gazprom agree to asset swap BASF and Gazprom have agreed to complete the swap of assets with equivalent value signed in December 2013 and originally intended to be completed by the end of 2014. DNV GL invests in new training facility in the UK The technical advisor to the global oil and gas industry, is building a new conference centre and large-scale fire and explosion demonstration area at their unique major hazard testing and research centre in Cumbria, UK. Oil industry slashes lobbying spending amid downturn As Americans preparing for Labor Day weekend trips enjoy low gas prices, they might not fail to appreciate another effect of the plummeting price of oil. Rosneft to sell Vankor oil stake to ONGC for $1.27 billion OAO Rosneft will sell a stake in one of its largest oil-producing projects to ONGC Videsh Ltd., the overseas-investment arm of India’s biggest explorer, for $1.27 billion, people familiar with the plan said. Russia bows to cheap oil as Putin aide sees $50/bbl budget Russia will assume that crude prices will stay near their present level in calculating next year’s budget as the world’s largest energy exporter adjusts to a downturn on the oil market, according to President Vladimir Putin’s top economic aide. Knight Oil Tools names Rickey Tauzin as executive V.P. of sales Earl Blackwell, President and CEO of Knight Oil Tools announced that Rickey Tauzin has been named executive V.P. of sales. H5 settles with Chevron over Ecuadorian lawsuit Chevron Corporation has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. Aquatic appoints Martin Charles as new group managing director Aquatic Engineering and Construction Ltd, an Acteon company, has appointed Martin Charles as group managing director. Hoover Container Solutions unveils new Liquitrac Tracer Hoover Container Solutions, a subsidiary of Hoover Group Inc., and a global provider of chemical tanks, cargo carrying units and related products and services, has unveiled its new Liquitrac Tracer. Pentair receives UL/FM approval for advanced metallurgies in fire protection equipment Pentair Engineered Solutions has obtained UL listing and FM Approval on its line of fire pumps with advanced metallurgies.