http://www.worldoil.com WorldOil Obama could end crude export ban by executive order, Hamm says http://www.worldoil.com/news/2015/2/27/obama-could-end-crude-export-ban-by-executive-order-hamm-says U.S. President Barack Obama could authorize crude oil exports with an executive order, according to Harold Hamm, founder and CEO of Continental Resources Inc. BP, Helix agree to amend multi-year Q5000 contract http://www.worldoil.com/news/2015/2/27/bp-helix-agree-to-amend-multi-year-q5000-contract Helix Energy Solutions Group has entered into an agreement with BP Exploration and Production to amend their existing 2013 agreement for the Q5000 to provide well intervention services in the U.S. Gulf of Mexico to defer the commencement of the work, previously scheduled to begin in the third quarter of 2015, to April 1, 2016. Total appointed operator of PRL 15 JV, InterOil says http://www.worldoil.com/news/2015/2/27/total-appointed-operator-of-prl-15-jv-interoil-says InterOil Corporation has announced that all participants in the PRL 15 Joint Venture have unanimously voted to appoint Total EandP PNG Limited as the operator. Oil and Gas UK names new CEO http://www.worldoil.com/news/2015/2/27/oil-gas-uk-names-new-ceo The Board of Oil and Gas UK has announced the appointment of Deirdre Michie as the organization’s new chief executive. Gazprom Neft drilling unconventional targets in Bazhenov formation http://www.worldoil.com/news/2015/2/27/gazprom-neft-drilling-unconventional-targets-in-bazhenov-formation Gazprom Neft has completed testing of four directional wells to investigate reserves within the Bazhenov formation within the southern area of Priobskoye field. Petronas turns to $2.7 billion fourth-quarter loss on oil slump http://www.worldoil.com/news/2015/2/27/petronas-turns-to-27-billion-fourth-quarter-loss-on-oil-slump KUALA LUMPUR (Bloomberg) -- Petroliam Nasional, the Malaysian state oil company preparing for a leadership transition in April, reported a loss in the fourth quarter following crude’s plunge. Statoil submits development plan for Peregrino Phase II project http://www.worldoil.com/news/2015/2/27/statoil-submits-development-plan-for-peregrino-phase-ii-project Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem, has submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on Jan. 30. IEA echoes Saudi view on oil-demand boost balancing market http://www.worldoil.com/news/2015/2/27/iea-echoes-saudi-view-on-oil-demand-boost-balancing-market The oil market will rebalance in the next several months as a price collapse boosts consumption and curbs supplies, the International Energy Agency said, a day after Saudi Arabia’s oil minister told reporters demand is rising. Oil bargains for Asia stretch to Mexico as ships set sail http://www.worldoil.com/news/2015/2/27/oil-bargains-for-asia-stretch-to-mexico-as-ships-set-sail Ships carrying oil from Mexico are sailing to South Korea for the first time in more than two decades as the U.S. shale boom brings bargains from around the globe. INTECSEA awarded contract for Buckskin-Moccasin development http://www.worldoil.com/news/2015/2/26/intecsea-awarded-contract-for-buckskin-moccasin-development INTECSEA has been selected by Chevron to provide engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. Becht Engineering Co. acquires The CECON Group http://www.worldoil.com/news/2015/2/26/becht-engineering-co-acquires-the-cecon-group Becht Engineering Co., Inc., has acquired Wilmington, Delaware-based The CECON Group, Inc. Terms of the transaction were not announced.