WorldOil Libya says it's yet to approve Total's deal for Marathon assets French oil giant Total SA said last month it had acquired Marathon Oil Corp.’s assets in Libya in a $450-million deal. Trump's oil woes are investors' gain as fuel demand boosts price President Donald Trump started a tug of war with the oil market and lost the first round. Canyon Creek Energy announces new drilling program in Arkoma STACK play Canyon Creek Energy announced that it has entered into an agreement with Pivotal Petroleum to jointly fund the development of wells in Oklahoma's STACK play. SDX Energy announces gas discovery at LNB-1 well, Morocco SDX Energy announced that a conventional natural gas discovery has been made at its LNB-1 exploration well in Morocco. Canadian rail union discussions near deadline as strike looms Canadian Pacific Railway is trying to hammer out a deal with two unions to avoid a labor strike that threatens to disrupt Canada’s second largest railroad for the second time in three years. BP and Reliance sanction second phase of deepwater gas development, India BP and Reliance Industries announced the sanctioning of the “Satellite cluster” project in Block KG D6, offshore India. Schlumberger quarterly profits surge on activity gains, higher oil prices Schlumberger reported an 88% increase in quarterly profit as rising crude oil prices encouraged North American operators to ramp up drilling. CEO awarded $60 million to lead Linn Energy past bankruptcy The same day Linn Energy Inc. exited bankruptcy, it awarded CEO Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil paid its CEO. U.S. oil rush spurs triangle trade as output, exports soar Rapid increases in U.S. oil output are forcing some traders and producers to try alternative ways of pricing crude. Wood, Roue and Cisco open oil and gas center in Mexico Wood, Cisco and Roue Consultores have opened a new Oil and Gas Advanced Technology Centre (ATC) in Naucalpan, Estado de Mexico. Kreuz Challenger vessel mobilized for long-term Brunei Shell contract Kreuz Subsea has mobilized a new-build dive support vessel as part of its seven-year contract with Brunei Shell.