WorldOil Wood Mackenzie reports results of GOM lease sale The U.S. Gulf of Mexico region wide Lease Sale 249 was held today, Aug. 16, 2017. It attracted 99 bids from 27 participating companies, with high bids totaling $121 million. ESAI Energy outlook sees global product demand growth decelerating by 2022 In its recent five-year outlook on petroleum products, ESAI Energy projects global product demand growth to decelerate significantly by 2022. In its outlook, ESAI Energy highlights the effects of a changing global vehicle fleet on gasoline and diesel demand. Hunting announces appointment of new CEO Hunting is pleased to announce the promotion of Arthur James (Jim) Johnson as CEO with effect from Sept. 1, 2017. Jim will succeed Dennis Proctor, who will retire as CEO and as a director of Hunting on the same date. Trump's push for natural gas exports opposed by manufacturers President Donald Trump’s effort to boost U.S. energy is facing push back from manufacturers who say exporting more natural gas may undercut his “America First” jobs focus. COSCO Shipping transports Shell's Appomattox hull COSCO Shipping Specialized Carriers successfully loaded Shell's 40,335-mt Appomattox hull on board the M/V Xin Guang Hua nearby Geoje Island, South Korea, on Aug. 6, 2017. Greka Drilling awarded two new contracts from PetroChina CNPC Greka Drilling Limited, the largest independent and specialized unconventional oil and gas driller in Asia, has announced that it has been awarded two new drilling contracts with PetroChina Huabei Oilfield Limited (a subsidiary of CNPC). Whatever happened to Indonesia's mighty oil and gas industry? Once a cornerstone of the economy, Indonesia’s oil and gas sector is in a slump, even as the country’s appetite for energy soars. Rockcliff Energy acquires additional Haynesville shale rights Rockcliff Energy has announced that, in addition to its pending acquisition of Samson's East Texas and North Louisiana properties, it has acquired approximately 60,000 net acres of Haynesville shale rights. Shale will beat OPEC as U.S. oil thrives at $40, Citigroup says U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said. Ecuador says it will cap output at higher level in deal with OPEC A month after dealing a blow to OPEC, Ecuador says it will cap output at a more comfortable level than it had initially pledged. Libya's oil output boosted as port reopens, field produces more Libya’s biggest oil field, Sharara, is increasing production and the Zueitina port is again allowing tankers to load, paving the way for the OPEC nation’s crude output to rebound.