WorldOil Oil slides to one-month low as Libya restarts Sharara field Oil declined to a one-month low as Libya reopened its biggest field and as the market weighs increases in U.S. product inventories and crude output. China's oil giants buoyed by higher prices as output stagnates Oil’s recovery is helping ease the pain of shrinking output by China’s biggest energy producers. Saudi Aramco CEO says 'peak oil' demand is a misleading theory The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades. XACT Downhole Telemetry helps operator transmit real-time downhole data from 31,000 ft XACT Downhole Telemetry, in conjunction with a major operator in the Gulf of Mexico, recently completed a multi-run completion deployment with real-time data coverage from a record-breaking depth of over 30,000 ft onsite in the Gulf of Mexico. Anadarko to shut down more than 3,000 Colorado wells after nearby home explosion Anadarko Petroleum Corp. dropped the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion. Libya's biggest oil field said to reopen Libya’s biggest oil field, Sharara, reopened as crude began to move through a pipeline connected to the Zawiya refinery, according to a person with direct knowledge of the matter. Total to invest $500 million to produce shale gas in Argentina Total SA will spend $500 million over three to four years to develop a shale-gas field in Argentina as the country’s government lures investors by pledging a minimum price. World's top two shipyards signal more orders as earnings improve The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Dresser-Rand to supply compressor trains for BP project in the Gulf of Mexico The Dresser-Rand business, part of Siemens Power and Gas Division, received an order from BP to provide rotating equipment for the Mad Dog 2 project in the deepwater Gulf of Mexico. Aker BP awards framework contract to Schlumberger for 4D seismic data Aker BP has entered into a framework contract with Schlumberger for acquisition of 4D seismic data. Nabors' U.S. lower 48 rig count increases by 29% for second straight quarter The 93 rigs working for the company in the lower 48 represent a 166% increase since its low point in May 2016.