WorldOil Woodside crafts new LNG expansion plan after striking Exxon deal Australia’s Woodside Petroleum finally got what it wanted from Exxon Mobil. And it only cost $744 million. As oil falters, fuel that drove bull run continues cruising Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia. Woodside tumbles most in 16 months after Shell to sell stake Woodside Petroleum Ltd. fell the most in 16 months after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion. Back-up cutters prevail in hard and abrasive rock A new backup cutter layout extends bit life without sacrificing rate of penetration. Baker Hughes to provide support for Gulf of Papua project Baker Hughes announced an it has signed an agreement with Twinza Oil to provide support on the Pasca A gas condensate field, offshore Papua New Guinea in the Gulf of Papua. Proserv secures series of decommissioning contracts in Asia-Pacific Energy services company Proserv has been awarded a series of contracts worth around $4 million for its well severance, platform and FPSO decommissioning services in the Asia-Pacific region. The Philippines shortlists six countries for $2-billion LNG hub The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2-billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday. Ethos Energy awarded multi-million-dollar contract by Brunei Shell Petroleum Ethos Energy has been awarded a multi-million-dollar, five-year maintenance service agreement by Brunei Shell Petroleum for the provision of engineers and improvement of compressor packages on the Champion 7 offshore platform in the South China Sea, off the coast of Brunei. Philippine official says drilling for oil in disputed sea may resume this year Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December. Santos announces positive results from Muruk-1 exploration well in Papua New Guinea Santos has announced further positive results from the Muruk-1 exploration well, being drilled in the Papua New Guinea Highlands.