http://www.worldoil.com WorldOil Freudenberg acquires BlueSky Process Solutions http://www.worldoil.com/news/2015/7/02/freudenberg-acquires-bluesky-process-solutions The Freudenberg Oil and Gas Technologies group has acquired the business of Canada's BlueSky Process Solutions Ltd., effective Jun. 30. Shale drillers lose most-precious asset -- the $90 hedge http://www.worldoil.com/news/2015/7/02/shale-drillers-lose-most-precious-asset-the-90-hedge The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64% of first-quarter revenue. Shell moves ahead with deepwater Appomattox development in Gulf of Mexico http://www.worldoil.com/news/2015/7/01/shell-moves-ahead-with-deepwater-appomattox-development-in-gulf-of-mexico THE HAGUE -- Royal Dutch Shell has announced the final investment decision (FID) to advance the Appomattox deepwater development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico. Canada’s NEB approves Quicksilver's LNG export license http://www.worldoil.com/news/2015/7/01/canada-s-neb-approves-quicksilvers-lng-export-license Canada’s National Energy Board (NEB) has approved the application of Quicksilver Resources Canada Inc. for a 25-year natural gas export license with a maximum term quantity of 733 Bcm. The issuance of this license is subject to the approval of the Governor in Council. Fugro finalizes divestment of multi-client data library http://www.worldoil.com/news/2015/7/01/fugro-finalizes-divestment-of-multi-client-data-library LEIDSCHENDAM, Netherlands -- Fugro has finalized the sale of its multi-client data library to Spectrum ASA, for a cash consideration of $115 million. FEED phase entered for Browse FLNG development, Woodside says http://www.worldoil.com/news/2015/7/01/feed-phase-entered-for-browse-flng-development-woodside-says Woodside, as a participant in the Browse FLNG Development, advised Wednesday that an agreement has been reached to enter the front-end engineering and design (FEED) phase for the proposed development. Statoil suspends Scarabeo 5 on overcapacity http://www.worldoil.com/news/2015/7/01/statoil-suspends-scarabeo-5-on-overcapacity Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio, the company announced Wednesday. Wood Group wins onshore pipeline work for Origin Energy http://www.worldoil.com/news/2015/7/01/wood-group-wins-onshore-pipeline-work-for-origin-energy Wood Group has secured a $1-million contract with Origin Energy to provide detailed design engineering for the onshore pipelines related to the Halladale, Black Watch and Speculant (HBWS) Natural Gas Project in South West Victoria, Australia. Ukraine halts Russian gas purchases as talks on deal fail http://www.worldoil.com/news/2015/7/01/ukraine-halts-russian-gas-purchases-as-talks-on-deal-fail Ukraine halted purchases of Russian natural gas after its bigger neighbor took away most of a price discount and declined to sign a three-way accord with the European Union through the winter heating season. Russia seen extending oil-sales lead with second China pipeline http://www.worldoil.com/news/2015/7/01/russia-seen-extending-oil-sales-lead-with-second-china-pipeline Russia is set to strengthen its position as the biggest oil supplier to China in the coming decade with a planned second pipeline link to Chinese refineries, according to a unit of Fitch Group Inc. OPEC crude production surges as Iraq pumps at record pace http://www.worldoil.com/news/2015/7/01/opec-crude-production-surges-as-iraq-pumps-at-record-pace Iraqi crude production climbed to a record this month, helping send OPEC output to the highest level since August 2012.