WorldOil Oil becoming ‘mundane return-on-capital’ business to hedge fund manager “Having to do things like drill in the Arctic” and “deal with Mr. Putin” are some of the reasons hedge fund manager Jim Chanos said he’s “really negative” on integrated oil companies. Cue Energy brings Maari MR7A development well online Cue Energy has initiated production from the Maari MR7A development well, with a provisional initial production rate between 1,500 to 2,000 bopd. Alberta forest fires shut 9% of Canada’s oil sands capacity Alberta forest fires have prompted the shutdown of about 9% of Canada’s oil sands production. Libya airstrike sets oil tanker ablaze amid political strife Warplanes deployed by Libya’s internationally recognized government bombed an oil tanker at a terminal controlled by the nation’s rival Islamist leaders, killing one person, the regional coastguard commander said. Oil trades near $60/bbl as U.S. drillers add onshore rigs Oil traded near $60/bbl as explorers in the U.S. increased drilling activity for the first time since November. UK-based Third Energy submits planning application for hydraulic stimulation Third Energy will submit a planning application to North Yorkshire County Council to hydraulically stimulate and test various geological formations, at the existing well KM8 at Kirby Misperton. Buru Energy spuds Olympic 1 exploration well in Western Australia Buru Energy has commenced its extensive 2015 exploration drilling program with the spudding of the Olympic 1 conventional oil well located southeast of Broome in Western Australia. Claims that Exxon is lobbying on Iran sanctions are inaccurate, company says Media has reported that ExxonMobil is lobbying the U.S. government on Iran sanctions are inaccurate. Mario Mehren takes over as CEO for Wintershall Mario Mehren will take over as the Chairman of the Board of Executive Directors at Wintershall Holding GmbH on Jun. 1. Twin Eagle lands its first 130 car frac sand unit train in the heart of the Eagle Ford shale Twin Eagle Sand Logistics, a subsidiary of Twin Eagle Resource Management, has landed its first 130 car frac sand unit train at Mission Rail in Elmendorf, Texas, which is in the heart of the Eagle Ford shale. Oil bears miss out as record U.S. refinery demand drives rally Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher.