WorldOil MCEDD ‘18: Conference program features 35 global deepwater companies ENI, host of Marine Construction Engineering Deepwater Development (MCEDD) 2018, will support an expanded technical program at this year’s conference, one of the world’s premier deepwater events. Offshore oil recovery beginning in world's harshest environments Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value. Siberian chill lifts gas enough to revive LNG trade in Europe Europe’s liquefied natural gas dry spell may end thanks to a surprising cold snap. Oil declines as spare U.S. supplies menace OPEC's anti-glut plan Oil dropped as expanding U.S. stockpiles knocked the steam out of the OPEC-led effort to drain a worldwide glut. Cyprus sees gas deal with Egypt as Cairo weighs Israeli supply Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub after the startup of the giant offshore Zohr field. Investors bail on landlocked Canada oil as pipeline woes deepen Canada’s energy companies can’t get any love, even from many Canadians. 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. 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. OPEC member hopes for alliance with Russia that lasts "forever" OPEC’s fourth-largest oil producer is leading an effort to prolong cooperation with Russia and other allies far beyond the expiry of their joint supply cuts this year. 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.