WorldOil Shale Support honors students with $2,500 STEM scholarships Shale Support, LLC, a provider of frac-sands and logistical solutions to the oil and gas proppant market, is proud to announce the winners of the 2017 Shale Support STEM Scholarship. Jones Energy exits Arkoma basin with non-core asset sales Jones Energy, Inc., has announced that it has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma basin properties, for a combined total of up to $70 million, subject to closing adjustments. First riser platform jacket for Johan Sverdrup complete The riser platform (RP) jacket for the Johan Sverdrup development will be ready for delivery in July and was given the name Ægir at a ceremony held at Kvaerner’s yard at Verdal. Ministry of Petroleum and Energy announces 24th licensing round The Ministry of Petroleum and Energy (MPE) has announced the 24th licensing round. In this round, 102 blocks/parts of blocks will be announced, divided among nine in the Norwegian Sea and 93 in the Barents Sea. Shale tycoon who turned Enron reject into gold builds again After helping give birth to the U.S. shale boom a decade ago, Mark Papa is starting over at age 70 with a new $3.6-billion oil explorer he built from scrap amid the worst market crash in a generation. Shell's $1-billion New Zealand sale said to draw OMV, Vermilion Royal Dutch Shell Plc’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said. ONGC, Aqualis Offshore match rig move record offshore India The Oil and Natural Gas Corporation Limited (ONGC), with the support of Aqualis Offshore, has matched its own pre-monsoon rig move record set last year offshore India. Aqualis Offshore has also secured a new contract extension to support ONGC. World's no. 3 oil reserves tested by rout as Shell decamps When Shell decided to pull out of the Canadian oil sands, the local producers doubled down with more investment. Crude’s bear market is testing their resolve. Oil heads for fifth weekly drop as supply climbs Oil is heading for a fifth weekly decline after sinking into a bear market amid concerns rising supply from the U.S. to Libya would offset production cuts from OPEC and its allies. Gazprom smells opportunity as UK's biggest gas store closes Gazprom plans to ramp up gas sales in the UK as coal plants are shuttered and the nation’s biggest storage site is closed. OPEC has few escape routes from another bear market Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC and its allies with few remaining tools to boost prices.