http://www.worldoil.com WorldOil ConocoPhillips reports first oil at Surmont 2 oil sands facility http://www.worldoil.com/news/2015/9/01/conocophillips-reports-first-oil-at-surmont-2-oil-sands-facility ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, the company said Tuesday. Americas will take brunt of any oil output cuts as Iran returns http://www.worldoil.com/news/2015/9/01/americas-will-take-brunt-of-any-oil-output-cuts-as-iran-returns The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai. Sembcorp wins contract to build three topsides for Maersk’s Culzean development http://www.worldoil.com/news/2015/9/01/sembcorp-wins-contract-to-build-three-topsides-for-maersk-s-culzean-development Sembcorp Marine subsidiary SMOE Pte Ltd has secured an engineering, procurement and construction (EPC) contract worth over $1 billion (including long lead items) from Maersk Oil North Sea UK Limited. Subsea 7 wins $150-million contract for Maersk’s Culzean http://www.worldoil.com/news/2015/9/01/subsea-7-wins-150-million-contract-for-maersk-s-culzean Subsea 7 has won a subsea, umbilical, riser and flowline (SURF) contract from Maersk Oil, with a value in excess of $150 million, for the Culzean development. Faroe raises stakes in Blane, Enoch fields with Roc Oil deal http://www.worldoil.com/news/2015/9/01/faroe-raises-stakes-in-blane-enoch-fields-with-roc-oil-deal Faroe Petroleum has announced the conditional acquisition of Roc Oil (GB Holdings) Limited, which holds a 12.5006% interest in the Blane Unit in the UK North Sea and a 12.00% interest in the Enoch Unit in the UK North Sea, from Roc Oil (Europe) Limited, a subsidiary of Roc Oil Company Limited. WandT Offshore sells Permian basin’s Yellow Rose field http://www.worldoil.com/news/2015/9/01/wt-offshore-sells-permian-basin-s-yellow-rose-field WandT Offshore has entered into a definitive agreement with Ajax Resources, LLC for the sale of all of WandT's interest in its Yellow Rose field in the Permian basin. Cenovus buys crude-by-rail trans-loading facility in Alberta http://www.worldoil.com/news/2015/9/01/cenovus-buys-crude-by-rail-trans-loading-facility-in-alberta Cenovus Energy has closed its purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta. Polarcus wins broadband 3D project offshore Brazil http://www.worldoil.com/news/2015/9/01/polarcus-wins-broadband-3d-project-offshore-brazil Polarcus has signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil. World’s top oil trader Vitol sees price at $40-$60 to 2016 http://www.worldoil.com/news/2015/9/01/world-s-top-oil-trader-vitol-sees-price-at-40-60-to-2016 Oil prices will remain at $40/bbl to $60/bbl into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader. FEI, University of Wyoming partner for digital rock research http://www.worldoil.com/news/2015/9/01/fei-university-of-wyoming-partner-for-digital-rock-research The University of Wyoming (UW) has announced that FEI, the scientific and technical instrument manufacturer, will provide state-of-the-art imaging equipment, software and support for cutting-edge digital rock research that will have far-reaching impacts for Wyoming’s oil and gas industry and its economy. Oil caps biggest three-day gain since 1990 as OPEC ready to talk http://www.worldoil.com/news/2015/8/31/oil-caps-biggest-three-day-gain-since-1990-as-opec-ready-to-talk Oil capped the biggest three-day gain in 25 years after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates.