WorldOil LOOP completes first VLCC crude oil loading operation LOOP LLC has successfully completed the first very large crude carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 mi offshore of Port Fourchon, La. Trinidad Drilling considers sale as Canadian EandP activity slumps Trinidad Drilling Ltd., which provides contract drilling services in North America and the Middle East, is considering selling itself as years of slumping drilling activity in Canada weighs on revenue. BHP sees faster shale sale in race to exit $10-billion unit BHP Billiton Ltd. is accelerating plans to exit its $10-billion U.S. shale unit, flagging that deals could be announced before the end of the year. U.S. oil costly again as it's stored less and shipped more Dwindling volumes at the biggest U.S. oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again. Brent drops from two-week high as U.S. warns of "phenomenal" surge Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut. Egypt's potential gas surplus could feed global LNG glut Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal. Natural gas industry surprised it could be so much cleaner The natural gas industry may be one of its own worst enemies. Oil climbs above $62 amid producer promises to support markets Crude climbed above $62/bbl for the first time in more than a week as an alliance of some of the world’s largest oil producers signaled further cooperation to tighten supplies through the end of the year. Merkel defends Russian gas link expansion protested by Poland German Chancellor Angela Merkel threw her country’s weight behind the Nord Stream 2 gas pipeline from Russia, boosting the chances that the controversial link will become reality. Once OPEC's oil-price dove, Saudi Arabia takes a harder line For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.