WorldOil Anadarko looks to $60 oil next year as signal to spend more Anadarko Petroleum Corp. expects higher oil prices next year will allow it to spend more money on oil and natural gas exploration. Painted Pony swaps Montney acreage, wells with industry partner Painted Pony Petroleum has entered into an asset exchange agreement, which includes Montney acreage, wells and non-operated facility interests, with a large industry partner on jointly held acreage in the Daiber, Cameron and Blair areas of Painted Pony's northeast British Columbia Montney asset. BSEE forms interagency group focused on subsea bolts In another step to address a critical safety concern involving the failure of subsea bolts offshore, BSEE Director Brian Salerno is forming an interagency group to focus on the subsea bolt issue and the risks it poses to offshore operations. Director Salerno is calling upon federal partners to work on this critical safety issue as part of BSEE’s Interagency Bolt Action Team. UK opens up frontier acreage in new licensing round The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1,200 blocks on offer to support the OGA’s objective of maximizing economic recovery (MER) from the UK Continental Shelf (UKCS). Hess slumps as driller cuts production outlook on Gulf woes Hess Corp. slid to the lowest in more than three months after the oil and gas producer trimmed its output estimate for the year by as much a 10% following disruptions in two Gulf of Mexico fields. BLM to analyze proposed production well in NPR-A The Bureau of Land Management (BLM) has announced a Notice of Intent to conduct an environmental review for a proposed oil and gas production well in the 23 million-acre National Petroleum Reserve in Alaska (NPR-A). Statoil suffers surprise loss amid collapse in oil prices Statoil deepened spending cuts after Norway’s biggest oil producer reported an unexpected loss amid lower crude prices and taxes on unprofitable international operations. Oil falls from three-month low as supplies at U.S. hub swell Oil fell from the lowest close in three months as industry data showed crude stockpiles at the biggest U.S. storage hub rose, swelling supplies already at a seasonal record. Claxton awarded Statoil decommissioning contract for Huldra wells Claxton, an Acteon company, has been awarded a contract with Statoil to provide ‘rigless recovery’ of seven abandoned wells on the Huldra platform on the Norwegian Continental Shelf. Technip wins subsea contract for Woodside’s Greater Enfield development Technip has been awarded a large subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia. Flotek to acquire International Polymerics Flotek Industries has announced its intent to acquire International Polymerics, Inc. (IPI), and affiliates, for a consideration consisting of cash and Flotek common stock.