WorldOil Perenco acquires assets, offshore Trinidad and Tobago Perenco has announced the acquisition of a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago. U.S. operators put 27 more rigs in the field Operators in the U.S. added 27 rigs this week, according to the latest data from Baker Hughes. The number of rigs seeking oil rose 21 to 498, the highest level since January. ADIPEC 2016 sets new records The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) posted continued global success, celebrating a milestone year in its 19th edition, and realizing ongoing industry acclaim from world oil and gas leaders. Shale revolution that shocked U.S. markets heads to Japan The U.S. shale revolution that turned North American energy markets upside down is finally headed to the world’s largest consumer of LNG: Japan. CHC to provide additional aircraft for Shell’s Prelude development CHC Group has announced that three new Sikorsky S-92 aircraft will begin serving Shell for the company’s Prelude FLNG project from its base in Broome, Australia. WellDog partners with Wyoming’s Enhanced Oil Recovery Institute WellDog has partnered with the Enhanced Oil Recovery Institute (EORI) to adapt WellDog’s patented downhole Reservoir Raman system for use in oil fields using CO2 to enhance the recovery of oil. PFLNG Satu produces first LNG offshore Sarawak Petronas’ first floating liquefied natural gas facility, PFLNG SATU, achieved an industry breakthrough on Dec. 5 with the successful production of its first drop of LNG from Kanowit gas field, offshore Sarawak. Saudi Arabia starts telling refiners oil supply will be cut Saudi Arabia has started to tell its customers it will reduce crude shipments from January, with the curbs focused on Europe and North America while Asian refineries are so far largely spared. Canadian oil sands producers turn eyes to expansion Canadian oil sands producers are finally ready to grow again as Cenovus Energy and Canadian Natural Resources announce they are pushing ahead with expansion projects two years into the worst crude slump in decades. Trader who called price slump sees OPEC deal boosting crude to $70 Hedge fund manager Pierre Andurand expects the combined output cut agreed to by OPEC and Russia will boost oil to $70/bbl in the first half of next year. Oil, gas exploration spend to fall to 12-year low as prices bite Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas, such as the Arctic, according to Wood Mackenzie.