WorldOil Gloomy outlook dominates UK’s oil and gas sector LONDON -- Companies in the UK oil and gas industry are increasingly pessimistic about their business prospects, according to Oil and Gas UK’s Q4 2015 Business Sentiment Index. U.S. Silica introduces polyurethane low-temperature resin-coated proppant U.S. Silica Holdings has announced the introduction of InnoProp PLT, a newly formulated resin-coated proppant designed specifically for enhancing the recovery of oil and gas in low-temperature reservoirs. Aibel awarded new study for Johan Sverdrup development Aibel has been assigned an important study for Statoil’s Johan Sverdrup development. The Stavanger-based company is one of those working on a C study for the second phase of the field's development. MicroSeismic launches new completions evaluation services for early well appraisal MicroSeismic has announced the release of PIndex, DIndex and Production Forecast—proprietary completions evaluation services to quantify and predict reservoir drainage and production. WPX Energy sells Piceance subsidiary for $910 million WPX Energy has agreed to sell its wholly owned subsidiary WPX Energy Rocky Mountain, LLC, to Terra Energy Partners LLC for $910 million. The parties expect to close the sale in the second quarter. Goldman sees more swings that could drag oil below $20 Oil could drop below $20/bbl as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted. IEA raises estimate of surplus oil supply on higher OPEC output The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency. Technip bags subsea contract in Gulf of Mexico Technip has been awarded a lump sum contract by Deep Gulf Energy III, LLC (DGE) for the development of the South Santa Cruz and Barataria fields. These ultra-deepwater fields are located in Mississippi Canyon, offshore New Orleans, in the Gulf of Mexico, in approximately 2,000 m of water depth. Wood Group extends Chevron contract in the North Sea ABERDEEN, United Kingdom -- Wood Group has secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea. GE oil deal offers new model to prevent BP-Like offshore spills General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Oil drillers exposed in three-way hedges as crude dips below $30 Oil at $30/bbl is blowing a hole in the insurance that U.S. shale drillers bought to protect themselves against a crash.