WorldOil Vanguard Natural Resources closes merger with Eagle Rock Energy Partners Vanguard Natural Resources has announced the closing of its merger with Eagle Rock Energy Partners. Wireless Seismic announces purchase of RT System 2 by PT Elnusa Tbk Wireless Seismic has announced the sale and delivery of its RT System 2 seismic data acquisition system to the Indonesian seismic contractor, PT Elnusa Tbk (Elnusa), after comprehensive system field trials in north Sumatra, Indonesia. Petrofac secures Shell training contract in Iraq Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country. Jee secures contract extension with BP Jee Ltd., an independent multi-discipline subsea engineering and training firm, has secured a contract extension with BP for the provision of integrity management services and in-line inspection engineering support in the North Sea. Repsol drills dry well southwest of Njord field Repsol Norge, operator of production license 642, is in the process of concluding the drilling of wildcat well 6306/5-2, the Norwegian Petroleum Directorate announced Tuesday. The well is dry. Noreco announces departure of CEO Norwegian Energy Company (Noreco) has announced that its CEO, Tommy Sundt is stepping down. Oil falls to one-week low as IEA counters OPEC view on recovery Oil slid to a one-week low in New York as the IEA’s prediction that the global surplus will persist next year countered OPEC’s view of a recovering market. IEA expects Iraqi oil output to remain ‘broadly flat’ next year Oil production from Iraq, the world’s fastest source of supply growth last quarter, will remain similar to current levels next year as the slump in crude prices and the cost of fighting Islamic State militants hamper the government’s ability to invest in new capacity, the International Energy Agency said. Oil giants to miss third-quarter profit estimates, Barclays says The biggest publicly traded oil producers based in the Western Hemisphere will fall short of Wall Street profit estimates when third-quarter results are released in coming weeks because energy prices have continued to slump, said Barclays Plc. analyst Paul Cheng. Billionaire’s exit prompts Sri Lanka to seek new oil explorer Sri Lanka will issue a fresh international tender for offshore oil and gas blocks after billionaire Anil Agarwal’s Cairn India Ltd. relinquished its exploration rights in the South Asian island. Gulfport Energy, Rice Energy in Utica shale joint venture Gulfport Energy Corporation has executed a Letter of Intent with Rice Midstream Holdings, a wholly owned subsidiary of Rice Energy, to form a midstream joint venture to develop natural gas gathering and water services assets to support Gulfport’s dry gas Utica shale development in eastern Belmont County and Monroe County, Ohio.