WorldOil UN panel asks biggest oil traders for North Korea information A United Nations Security Council panel is asking the world’s biggest oil traders to disclose the actions they are taking to stop the sale of crude oil and petroleum products to North Korea in violation of sanctions. CNOOC, Husky sign PSCs for exploration blocks in the South China Sea CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited for Block 22/11 and 23/07, in the South China Sea. TCarta delivers satellite derived bathymetry data for Total's seismic work offshore Myanmar TCarta, a global provider of marine geospatial products, has delivered satellite derived bathymetry (SDB) to Total. Total will use the water-depth data for preparing seismic survey works off the coast of Myanmar. India's oil demand surges for eighth straight month in April India’s oil consumption surged 4.5% in April as industrial activity gathered pace in Asia’s third-largest economy and sales of trucks and buses soared. Cash-rich Thai explorer eyes assets worth up to $1 billion Thailand’s PTT Exploration and Production Pcl is ready to shell out as much as $1 billion on an overseas petroleum asset this year, and possibly more, as it tries to prop up growth amid falling reserves. Jumbo completes work on first LNG import terminal in Bangladesh In 2017, Jumbo was awarded a contract by Geocean for the Moheshkhali Project. Santos announces sale of non-core Asian assets Santos today announced the sale of its non-core Asian portfolio to Ophir Energy plc (Ophir) for $221 million. Bubbling crude prices spell triple-whammy setback for India The surge in oil prices couldn’t have come at a worse time for India. McDermott completes installation, startup for Vashishta and S1 field McDermott International, Inc., has successfully concluded the installation and startup on Vashishta and S1 field, an engineering, procurement, construction and installation (EPCI) contract that it received from ONGC in December 2015. Trump trade war spurs India to import more oil, drones from U.S. India is seeking more oil, drones and aircraft from the U.S. to help narrow its $28-billion trade surplus amid rising concerns of possible collateral damage to its economy from President Donald Trump’s trade spat with China.