http://www.worldoil.com WorldOil Shell shows interest in BHP assets amid plans to expand in shale http://www.worldoil.com/news/2018/2/20/shell-shows-interest-in-bhp-assets-amid-plans-to-expand-in-shale Royal Dutch Shell Plc said it’s potentially interested in BHP Billiton Ltd.’s oil assets on sale in the Permian basin in the U.S. as it seeks to boost its role in shale. Deloitte: Industry exercises caution with MandA, though trend is changing http://www.worldoil.com/news/2018/2/15/deloitte-industry-exercises-caution-with-ma-though-trend-is-changing Deloitte forecasts that although the oil and gas industry may be in love with the recent rise in commodity prices it is still exercising some caution when it comes to MandA activity, but that is changing. NOV develops top-drive upgrade for cost-effective performance upgrades in the Permian http://www.worldoil.com/news/2018/2/14/nov-develops-top-drive-upgrade-for-cost-effective-performance-upgrades-in-the-permian Demand in the Permian basin for cost-effective ways of improving performance continues to increase. While a simple solution might involve purchasing entirely new equipment, in many cases this isn’t feasible due to both current constraints on capital expenditures and unacceptable downtime caused by long lead times for newbuilds. To address this issue, National Oilwell Varco (NOV) developed an upgrade package—the TDS-11SAE—for its top drives to elevate their performance beyond standard levels. U.S. output builds on OPEC cutbacks, gas rides LNG expansion http://www.worldoil.com/magazine/2018/february-2018/special-focus/us-output-builds-on-opec-cutbacks-gas-rides-lng-expansion Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production. U.S. shale drives rig count recovery in 2017 http://www.worldoil.com/magazine/2018/february-2018/special-focus/us-shale-drives-rig-count-recovery-in-2017 With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S. NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand http://www.worldoil.com/news/2018/2/9/nape-18-texas-railroad-commissioner-ryan-sitton-forecasts-strong-us-supply-growth-to-meet-demand As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India. Hexion announces first mobile Permian basin resin coating plant http://www.worldoil.com/news/2018/2/7/hexion-announces-first-mobile-permian-basin-resin-coating-plant The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry. Permian seen second to Saudis for spare oil-output capacity http://www.worldoil.com/news/2018/2/5/permian-seen-second-to-saudis-for-spare-oil-output-capacity The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Chevron posts strongest year of crude discoveries since 2011 http://www.worldoil.com/news/2018/2/2/chevron-posts-strongest-year-of-crude-discoveries-since-2011 Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation. Billions from Trump tax cuts supercharge fossil fuel sector http://www.worldoil.com/news/2018/2/2/billions-from-trump-tax-cuts-supercharge-fossil-fuel-sector Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.