WorldOil Oil traders empty key crude storage hub as global demand booms Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as the physical market tightens amid booming demand and OPEC production cuts. Halcón Resources sells remaining Williston basin assets for $104 millionón-resources-sells-remaining-williston-basin-assets-for-104-million Halcón Resources Corporation has announced it has entered into an agreement to sell its remaining non-operated assets in the Williston basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments. Wood Mackenzie study weighs cost of carbon on upstream sector Wood Mackenzie has released Positioning for the Future, the first comprehensive study ever carried out into carbon emissions in the upstream oil and gas sector. Statoil, Techstars launch global accelerator program for energy innovators Statoil is partnering with Techstars to create a global accelerator program for innovators and entrepreneurs who aspire to shape the future of energy. Gazprom Neft undertakes its largest-ever maritime oil shipment Gazprom Neft Badra, operator of Badra field, Iraq, has undertaken the largest-ever maritime shipment of oil for export in the company’s history, with 1.78 MMbbl of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. South Africa minister wants assurance on KPMG investigation of oil sale South Africa’s probe into the sale of 10 MMbbl of its crude oil reserves may be delayed after Energy Minister Mmamoloko Kubayi said she has some concerns because a key financial analysis in the investigation was conducted by KPMG LLP. Weatherford introduces V0-qualified retrievable well barrier Weatherford International plc announced the commercial release of the ISO Extreme retrievable well barrier, which is qualified to ISO 14310 V0 standards for gas-tight isolation. Gas Plus Khalakan provides operational update on Shewashan field in Iraq Gas Plus Khalakan (GPK), the operator of the Shewashan oil field in the Kurdistan region of Iraq, is pleased to provide an update on the operations and activity that has been delivered to further develop the Shewashan oil field. Baker Hughes awarded contract by Nigeria LNG in digital agreement for Sub-Saharan Africa PARIS -- Baker Hughes, a GE company has signed an agreement for the provision of asset performance management software and services for LNG trains and related balance of plant by Nigeria LNG Limited. Two words show why U.S. oil may finally be turning a corner Oil futures have been stuck in glut mode, but that may be starting to change as backwardation, begins to replace contango. OPEC has success at last, but oil revival may be short-lived When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived.