WorldOil EIA: LNG exports expected to drive growth in U.S. natural gas trade The United States is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017) Reference case. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG). BP acquires interest in Kosmos Energy assets offshore Senegal Kosmos Energy announced today that it has received government approval and completed its previously announced transaction with BP in Senegal. Executive director at Soma Oil and Gas resigns, accepts role as Somalia Prime Minister Soma Oil and Gas has announced the resignation of Hassan Khaire, executive director for Africa, so he can accept the honor of serving his country of origin, Somalia, as its Prime Minister. Webtool, DNV GL release umbilical and cable recovery gripping and lifting tool Webtool has released a gripping and lifting tool for recovering subsea umbilical and cable for offshore oil and gas and decommissioning projects. API: BLM's methane and waste prevention rule hurting consumers and local economies Colorado Petroleum Council Executive Director Tracee Bentley urged the U.S. Senate to follow the House and support a disapproval resolution on the Bureau of Land Management’s (BLM) Methane and Waste Prevention rule because the flawed rule doesn’t improve upon U.S. successes in methane emissions reductions and could negatively impact American consumers, local revenues and energy security. Another record week for U.S. oil exports as production surges Another week, another record for U.S. crude exports. New oil trades pose menace for OPEC in its prized market OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market. YPF and Shell agree on pilot project for Bajada de Añelo, Argentinañelo-argentina Shell Argentina Country Chairman Teófilo Lacroze and YPF Chairman Miguel Ángel Gutiérrez have signed preliminary terms and conditions of an agreement to develop a shale gas pilot project in Vaca Muerta, Neuquén. Shell estimates an investment of $300 million, which would take place in two phases. Harvest Natural Resources authorizes sale of Gabon interests, company dissolution Harvest Natural Resources, Inc., has announced that the Company's stockholders have authorized the sale of all Gabon interests to BW Energy Gabon Pte. Ltd, a private Singapore company (BW Energy Gabon). Dream of offshore U.S. wind power may be too ugly for Trump Offshore wind companies have spent years struggling to convince skeptics that the future of U.S. energy should include giant windmills at sea. OPEC cuts help drive crude prices to 19-month high Oil traded near the highest level since July 2015 as a drop in U.S. crude imports signaled that OPEC’s output cuts are taking effect.