http://www.worldoil.com WorldOil Oil caps biggest three-day gain since 1990 as OPEC ready to talk http://www.worldoil.com/news/2015/8/31/oil-caps-biggest-three-day-gain-since-1990-as-opec-ready-to-talk Oil capped the biggest three-day gain in 25 years after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates. Russia offers China new gas route as deal on west link drags http://www.worldoil.com/news/2015/8/31/russia-offers-china-new-gas-route-as-deal-on-west-link-drags Gazprom PJSC, the world’s biggest natural gas supplier, is preparing a deal with China to build a pipeline near the Pacific coast as talks about a West Siberian link drag. Israel gas explorer shares sink as Eni’s Egypt find dims outlook http://www.worldoil.com/news/2015/8/31/israel-gas-explorer-shares-sink-as-eni-s-egypt-find-dims-outlook Shares of the natural-gas exploring units of Delek Group Ltd. plunged the most in 14 years in high volume on concern the discovery of the Mediterranean’s largest field off the coast of Egypt will curtail their exports. WPX Energy sells North Dakota gathering system http://www.worldoil.com/news/2015/8/31/wpx-energy-sells-north-dakota-gathering-system WPX Energy has agreed to sell a North Dakota gathering system for approximately $185 million toa private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. Schlumberger, IBM introduce service to optimize integrated upstream production operations http://www.worldoil.com/news/2015/8/31/schlumberger-ibm-introduce-service-to-optimize-integrated-upstream-production-operations Schlumberger and IBM announced Monday that they have teamed up to provide integrated services to upstream oil and gas customers that will improve the business impact of production operations projects. Alberta royalty review an opportunity to re-establish competitiveness, CAPP says http://www.worldoil.com/news/2015/8/31/alberta-royalty-review-an-opportunity-to-re-establish-competitiveness-capp-says The Alberta royalty review panel should propose new rules by the end of this year to help restore investor confidence, and should consider how to make the province more attractive and competitive for the oil and natural gas investment that generates jobs and government revenues, the Canadian Association of Petroleum Producers said Monday. Scheduling software to offer subsea industry unprecedented cost reductions http://www.worldoil.com/news/2015/8/31/scheduling-software-to-offer-subsea-industry-unprecedented-cost-reductions International project services consultancy, Cambla, is to release a new version of its state-of-the-art software, the Schedule Animation Tool (S.A.T.), next week at SPE Offshore Europe. Former NOV employee convicted of felony theft http://www.worldoil.com/news/2015/8/31/former-nov-employee-convicted-of-felony-theft A Houston jury has found former National Oilwell Varco, L.P., employee Royce G. Binnion Jr. guilty of first-degree felony theft for a long-running scheme in which he submitted fake invoices to his employer to steal more than $1 million he either took in cash or used to buy himself an odd assortment of items ranging from a police radar gun to catfish for his pond. Wärtsilä wins two more regasification module contracts for LNG vessels http://www.worldoil.com/news/2015/8/31/waertsilae-wins-two-more-regasification-module-contracts-for-lng-vessels South Korean shipyard Hyundai Heavy Industries (HHI) has placed two contracts with Wärtsilä for seawater/propane based regasification modules. Pipeline anxiety spurs Alaska plea for Obama to open oil spigots http://www.worldoil.com/news/2015/8/31/pipeline-anxiety-spurs-alaska-plea-for-obama-to-open-oil-spigots Alaska Governor Bill Walker has a message for President Barack Obama: Fill the Trans-Alaska Pipeline System while you still can. Rosneft second-quarter profit falls 22% after crude prices slump http://www.worldoil.com/news/2015/8/31/rosneft-second-quarter-profit-falls-22-after-crude-prices-slump OAO Rosneft, Russia’s largest oil producer, said profit fell 22% in the second quarter after crude prices slumped by almost half from a year earlier.