http://www.worldoil.com WorldOil Reliance said to revive offshore gas project by end-2017 http://www.worldoil.com/news/2016/5/27/reliance-said-to-revive-offshore-gas-project-by-end-2017 Reliance Industries Ltd. is preparing to restart work in four offshore oil and gas blocks, including one of India’s biggest natural gas discoveries, as it seeks to revive development activity stalled for seven years by disputes with the government, according to people with knowledge of the plan. GE Oil and Gas to use robotics and 3D printing in futuristic plant http://www.worldoil.com/news/2016/5/27/ge-oil-gas-to-use-robotics-and-3d-printing-in-futuristic-plant GE Oil and Gas has inaugurated two new high-tech component production lines at its plant in Talamona, Italy. Vallourec inaugurates new Asia-Pacific facility http://www.worldoil.com/news/2016/5/27/vallourec-inaugurates-new-asia-pacific-facility Vallourec Tube-Alloy, a wholly-owned Vallourec subsidiary, has announced the opening of its new plant in Singapore, to be known as Vallourec Tube-Alloy Asia-Pacific. Murkowski presses Interior on mismanaged efforts to clean-up NPR-A legacy wells http://www.worldoil.com/news/2016/5/27/murkowski-presses-interior-on-mismanaged-efforts-to-clean-up-npr-a-legacy-wells U.S. Sen. Lisa Murkowski, R-Alaska, sent a letter to Interior Secretary Sally Jewell asking for more information surrounding mistakes reportedly made by the Bureau of Land Management (BLM) in the cleanup of legacy wells in the National Petroleum Reserve-Alaska (NPR-A). Parker Drilling customer extends Sakhalin OandM contract, adds new rig http://www.worldoil.com/news/2016/5/27/parker-drilling-customer-extends-sakhalin-om-contract-adds-new-rig Parker Drilling announced Thursday that its customer has awarded an extension and additional rig to its operations and maintenance (OandM) contract on Sakhalin Island, Russia. Shell awards Parque das Conchas subsea pump contract to Sulzer, FMC http://www.worldoil.com/news/2016/5/27/shell-awards-parque-das-conchas-subsea-pump-contract-to-sulzer-fmc Sulzer and FMC Technologies have received a subsea multiphase boosting pump contract to upgrade one of the pumping modules in Shell’s Parque das Conchas, a deepwater field off the coast of Brazil. CGG GeoSoftware releases Jason 9.5 http://www.worldoil.com/news/2016/5/27/cgg-geosoftware-releases-jason-95 CGG GeoSoftware has launched Jason 9.5, the latest version of its reservoir characterization software that adds new capabilities including depth inversion, broadband reservoir characterization and anisotropic inversion. Battle inside OPEC eases as Saudi oil strategy finally pays off http://www.worldoil.com/news/2016/5/27/battle-inside-opec-eases-as-saudi-oil-strategy-finally-pays-off Saudi Arabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding. Saudi Aramco boosts oil output to record in fight for market http://www.worldoil.com/news/2016/5/27/saudi-aramco-boosts-oil-output-to-record-in-fight-for-market Saudi Arabian Oil Co., the world’s largest crude exporter, increased production to an all-time high last year while keeping its reserves unchanged as the kingdom battles for market share. Trump says he'd approve Keystone XL for a share of profits http://www.worldoil.com/news/2016/5/26/trump-says-hed-approve-keystone-xl-for-a-share-of-profits Republican presidential candidate Donald Trump said he would approve TransCanada Corp.’s proposed Keystone XL oil pipeline, but he wants a “better deal.” Cyprus to receive new offshore natural-gas bids in July http://www.worldoil.com/news/2016/5/26/cyprus-to-receive-new-offshore-natural-gas-bids-in-july The Cypriot government will receive bids on July 22, under the latest round of licensing for offshore oil and natural-gas exploration and expects any agreements with companies to be struck by early next year, Energy Minister Georgios Lakkotrypis said.