http://www.worldoil.com WorldOil Petrofac secures first well management contract of 2016 http://www.worldoil.com/news/2016/2/10/petrofac-secures-first-well-management-contract-of-2016 SPD Ltd., part of the Petrofac Group, has secured a contract from Zennor Petroleum to provide well design and well construction management services, to support the Finlaggan appraisal well, which is in the Central Sector of the North Sea. Obama seeking $204.9 million for BSEE in proposed budget http://www.worldoil.com/news/2016/2/10/obama-seeking-2049-million-for-bsee-in-proposed-budget President Obama’s fiscal year (FY) 2017 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is $204.87 million, a $196,000 increase above the FY 2016 enacted level, and includes $96.34 million in current appropriations and $108.53 million in revenue from rental receipts, cost recoveries, and inspection fees. Magseis, BGP win major Saudi seismic contract http://www.worldoil.com/news/2016/2/10/magseis-bgp-win-major-saudi-seismic-contract Magseis has, together with its partner BGP, been awarded Saudi Aramco’s S78 project for large-scale ocean bottom seismic acquisition in the Red Sea. Harkand completes campaign in Trinidad and Tobago for BP http://www.worldoil.com/news/2016/2/10/harkand-completes-campaign-in-trinidad-and-tobago-for-bp HARKAND has completed an inspection, repair and maintenance (IRM) campaign for BP Trinidad and Tobago (BPTT) utilizing the Harkand Da Vinci diving support vessel (DSV) and the company's new hyperbaric rescue facility (HRF) in the Caribbean. Nobel Upstream acquires Shell’s stake in North Sea’s Maclure field http://www.worldoil.com/news/2016/2/10/nobel-upstream-acquires-shell-s-stake-in-north-sea-s-maclure-field Nobel Upstream, an independent UK-based EandP company, has signed a sale and purchase agreement to acquire a 7.59% non-operated interest in Maclure oil and gas field from Shell. Aker Solutions to deliver concept study on future Johan Sverdrup phases http://www.worldoil.com/news/2016/2/10/aker-solutions-to-deliver-concept-study-on-future-johan-sverdrup-phases Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup field, Norway's largest oil find in three decades. PA Resources divests North Sea assets to Petrogas http://www.worldoil.com/news/2016/2/10/pa-resources-divests-north-sea-assets-to-petrogas PA Resources has signed an agreement to divest its portfolio of North Sea assets to Petrogas EandP. BP CEO ‘very bearish’ on oil as storage tanks are filling up http://www.worldoil.com/news/2016/2/10/bp-ceo-very-bearish-on-oil-as-storage-tanks-are-filling-up BP is planning for oil prices to stay low for the first six months of the year and expects surplus production to only start diminishing when storage tanks fill up in the second half. Anadarko slashes dividend 81% to weather oil-price crash http://www.worldoil.com/news/2016/2/10/anadarko-slashes-dividend-81-to-weather-oil-price-crash Anadarko Petroleum Corp. slashed its dividend by 81%, joining a parade of oil and natural gas drillers cutting investor payments as they struggle to preserve cash with prices below $30/bbl. Tullow prepares to cut spending further as low oil prices bite http://www.worldoil.com/news/2016/2/10/tullow-prepares-to-cut-spending-further-as-low-oil-prices-bite Tullow Oil Plc, a UK explorer focused on Africa, said it’s ready to make further cuts to capital spending as it recalibrates its operations for a period of low oil prices. OPEC sees steeper drop in rivals’ supply as price curbs spending http://www.worldoil.com/news/2016/2/10/opec-sees-steeper-drop-in-rivals-supply-as-price-curbs-spending OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated.