WorldOil Oilfield services and equipment sector tells USTR proposed tariffs would harm U.S. manufacturing The Petroleum Equipment and Services Association (PESA) submitted comments to U.S. Trade Representative Robert Lighthizer outlining how the administration’s proposed tariffs on $50 billion worth of Chinese imports would impact the oilfield service, supply and manufacturing sector. OTC '18: BOEM’s director says agency continues to carry out Trump’s offshore agenda Dr. Walter Cruickshank, acting director of the federal Bureau of Ocean Energy Management, delivered an update on the state of offshore activity and regulation during a luncheon at OTC in Houston. WandT Offshore, BHGE announce strategic partnership for 14 GOM projects WandT Offshore Inc. and Baker Hughes, a GE company (BHGE), announced a strategic partnership related to WandT’s joint exploration and development program, which includes 14 drilling projects, most of which are operated by WandT in the Gulf of Mexico (GOM). Nexans to supply umbilicals for second stage of Mad Dog development BP has selected Nexans to supply umbilicals for the second stage development of the Mad Dog offshore field in the Gulf of Mexico. Shell invests in the Vito development in the Gulf of Mexico Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. U.S. oil rush spurs triangle trade as output, exports soar Rapid increases in U.S. oil output are forcing some traders and producers to try alternative ways of pricing crude. U.S. LNG gets a big cheer in one of Russia's small neighbors One of Russia’s European neighbors is fully embracing U.S. liquefied natural gas. Crude rises to highest level since 2014 on bullish U.S. inventory report Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest. First commercial LNG cargo from U.S. East Coast hits the seas The first export of natural gas from the U.S. East Coast has set sail. U.S. offers $25 million cybersecurity grant after pipeline attacks The U.S. wants to fund research targeting improved cybersecurity for the nation’s power grid and the oil and natural gas industry.