WorldOil Questerre enters into MOU for oil shale acreage in Jordan Canada-based Questerre Energy has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan. Bentec wins rig and equipment contracts for Caspian Sea and onshore Russia Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market. Non-OPEC production growth reduced by over 2 MMbopd towards 2020: Rystad Energy Non-OPEC liquids growth potential of 5.5 MMbopd over the next five years has been reduced by over 2 MMbopd to 3.3 MMbopd, according to Rystad Energy’s most recent forecasts. New offshore wind blowing in North America: Douglas-Westwood For the U.S. energy industry, 2014 will be remembered as the year when crude oil prices fell below $50/bbl, resulting in significant realignments in the sector, noted Douglas-Westwood’s DW Monday. South Sudan oil field becomes battleground in civil war as economy reels After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiir’s survival may hinge on the fate of a single oil field. Paloch in Upper Nile state, the only region still pumping crude in a nation with sub-Saharan Africa’s third-largest reserves, has re-emerged as the rebels’ prime target. Statoil orders Kongsberg technology delivery for Johan Sverdrup field Kongsberg Maritime has been awarded a call-off order for delivery of the Safety and Automation System (SAS), Life Cycle Simulator and SAS Information Management System for the four platforms on the Johan Sverdrup field centre in Norway. Canadian Natural shuts more output as Alberta fire rages Canadian Natural Resources Ltd. reduced production from its Kirby South oil-sands operation in Alberta, raising the amount of production brought offline because of a nearby forest fire to 233,000 bpd. Oil becoming ‘mundane return-on-capital’ business to hedge fund manager “Having to do things like drill in the Arctic” and “deal with Mr. Putin” are some of the reasons hedge fund manager Jim Chanos said he’s “really negative” on integrated oil companies. Cue Energy brings Maari MR7A development well online Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd. Alberta forest fires shut 9% of Canada’s oil sands capacity Alberta forest fires have prompted the shutdown of about 9% of Canada’s oil sands production. Libya airstrike sets oil tanker ablaze amid political strife Warplanes deployed by Libya’s internationally recognized government bombed an oil tanker at a terminal controlled by the nation’s rival Islamist leaders, killing one person, the regional coastguard commander said.