WorldOil WPX Energy sells North Dakota gathering system WPX Energy has agreed to sell a North Dakota gathering system for approximately $185 million toa private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P. Schlumberger, IBM introduce service to optimize integrated upstream production operations Schlumberger and IBM announced Monday that they have teamed up to provide integrated services to upstream oil and gas customers that will improve the business impact of production operations projects. Alberta royalty review an opportunity to re-establish competitiveness, CAPP says The Alberta royalty review panel should propose new rules by the end of this year to help restore investor confidence, and should consider how to make the province more attractive and competitive for the oil and natural gas investment that generates jobs and government revenues, the Canadian Association of Petroleum Producers said Monday. Scheduling software to offer subsea industry unprecedented cost reductions International project services consultancy, Cambla, is to release a new version of its state-of-the-art software, the Schedule Animation Tool (S.A.T.), next week at SPE Offshore Europe. Former NOV employee convicted of felony theft A Houston jury has found former National Oilwell Varco, L.P., employee Royce G. Binnion Jr. guilty of first-degree felony theft for a long-running scheme in which he submitted fake invoices to his employer to steal more than $1 million he either took in cash or used to buy himself an odd assortment of items ranging from a police radar gun to catfish for his pond. Wärtsilä wins two more regasification module contracts for LNG vessels South Korean shipyard Hyundai Heavy Industries (HHI) has placed two contracts with Wärtsilä for seawater/propane based regasification modules. Pipeline anxiety spurs Alaska plea for Obama to open oil spigots Alaska Governor Bill Walker has a message for President Barack Obama: Fill the Trans-Alaska Pipeline System while you still can. Rosneft second-quarter profit falls 22% after crude prices slump OAO Rosneft, Russia’s largest oil producer, said profit fell 22% in the second quarter after crude prices slumped by almost half from a year earlier. Keppel acquires Cameron's offshore rigs business Keppel Offshore and Marine USA has completed acquisition of Cameron's offshore rigs business, which comprises the LETOURNEAU jackup rig designs, rig kit business, and aftermarket services for $100 million. Statoil drills dry well in North Sea Statoil Petroleum, operator of PL72 B, is in the process of completing the drilling of wildcat well 16/7-11 located near the Sleipner Øst field in the North Sea. The well is dry. Maersk gets UK approval for $4.5-billion Culzean field development The development of the largest new field discovered in the UK North Sea for a decade has been approved by the UK Oil and Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also the largest gas field sanctioned since East Brae in 1990.