http://www.worldoil.com WorldOil Trinidad Drilling considers sale as Canadian EandP activity slumps http://www.worldoil.com/news/2018/2/20/trinidad-drilling-considers-sale-as-canadian-ep-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. 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. BHP sees faster shale sale in race to exit $10-billion unit http://www.worldoil.com/news/2018/2/20/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. Foothills Exploration reports successful completion, flow testing of horizontal well in Utah http://www.worldoil.com/news/2018/2/16/foothills-exploration-reports-successful-completion-flow-testing-of-horizontal-well-in-utah Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities. 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. Linn Energy announces sale of West Texas properties for $119.5 million http://www.worldoil.com/news/2018/2/14/linn-energy-announces-sale-of-west-texas-properties-for-1195-million Linn Energy, Inc., announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments. 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. Oil near seven-week low on signs U.S. stockpiles rose a third week http://www.worldoil.com/news/2018/2/14/oil-near-seven-week-low-on-signs-us-stockpiles-rose-a-third-week Oil traded near its lowest closing level in seven weeks in New York as signs of rising U.S. crude stockpiles fanned concern of a new surge in shale-oil production. 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.