WorldOil Impact Selector and Wireline Engineering announce strategic combination Impact Selector and Wireline Engineering have announced that the companies are joining forces through a strategic transaction. Refracking fever sweeps across shale industry after oil collapse The technique itself is nothing new. Oil crews across the world have been schooled on its simple principles for generations: Identify aging, low-output wells and hit them with a blast of sand and water to bolster the flow of crude. The idea originated somewhere in the plains of the American Midwest, back in the 1950s. British Columbia sees $7.1 billion from Petronas gas exports British Columbia is pledging to cap levies on Petroliam Nasional Bhd.’s gas export project as it expects to collect C$9 billion ($7.1 billion) from the venture by 2030. LINN Energy finalizes strategic alliance with Quantum Energy Partners LINN Energy has signed definitive agreements with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and the development of acquired assets. OneSubsea wins FEED contract for Woodside’s Browse FLNG development Woodside Energy and OneSubsea, a Cameron and Schlumberger company, announced Monday that OneSubsea has been awarded a front-end engineering and design (FEED) contract for the proposed Woodside-operated Browse FLNG Development offshore northwest Australia. LINN Energy sells remaining Permian basin acreage for $281 million LINN Energy, LLC and LinnCo, LLC announced Monday that LINN has signed a definitive agreement to sell its remaining position in Howard County in the Permian basin for a contract price of $281 million. Oil falls most in five months as Greece, China boost demand risk Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia. Technip to cut 6,000 workers amid oil price slump Technip will accelerate its cost reduction and efficiency efforts worldwide through a restructuring plan in response to the downturn in the oil and gas market. Unimin makes history by shipping longest frac sand unit train on record Unimin Energy Solutions has announced the delivery of the energy industry's longest frac sand unit train. LINN Energy secures up to $500 million funding from GSO Partners LINN Energy, LLC and LinnCo, LLC announced Monday that LINN has signed a formal agreement with private capital investor GSO Capital Partners L.P., the credit platform of The Blackstone Group L.P., to fund oil and natural gas development. Brazil is in deep trouble: DW Monday Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them.