WorldOil Emerson Exchange '15: Project Certainty to reduce capital costs, schedule overages Addressing a growing industry demand for transformational improvements in capital project execution, Emerson has launched Project Certainty, an innovative technology and engineering-based approach for improved capital efficiency and more reliable project schedules. Gulfport Energy, Rice Energy in Utica shale joint venture Gulfport Energy Corporation has executed a Letter of Intent with Rice Midstream Holdings, a wholly owned subsidiary of Rice Energy, to form a midstream joint venture to develop natural gas gathering and water services assets to support Gulfport’s dry gas Utica shale development in eastern Belmont County and Monroe County, Ohio. Oil falls most in three weeks as OPEC crude production climbs NEW YORK (Bloomberg) -- Oil dropped the most in three weeks after OPEC reported that its members pumped the most crude in three years. BP, Ocean Installer sign regional framework agreement Ocean Installer has been awarded a regional framework agreement with BP for subsea work in the Gulf of Mexico (GoM) region. INEOS Upstream buys North Sea gas fields from DEA INEOS has agreed to acquire a strong portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group. OMV in new gas discovery in Pakistan’s Latif Block OMV has discovered gas in the Latif South-1 exploration well in Pakistan’s Latif exploration license, the company said Monday. OPEC sees crude demand growth, hopeful for market balance Oil demand will grow and non-OPEC supply is due to contract, OPEC Secretary-General Abdalla Salem El-Badri said, hoping to see a more balanced market in 2016. North Energy farms out of Barents Sea license North Energy has signed a sale and purchase agreement with Pure EandP Norway, whereby North Energy sells its 10% interest in PL 708 to Pure. Statoil boosts Gullfaks recovery with start of subsea wet gas compressor Statoil, in conjunction with partners Petoro and OMV, has started the world's first subsea wet gas compression system at Gullfaks field in the North Sea. Eni bags two licenses offshore Egypt in Mediterranean Sea MILAN, Italy -- Eni has been awarded two new exploration licenses—North El Hammad and North Ras El Esh—offshore Egypt in the Mediterranean Sea, as a result of the 2015 EGAS bid round. Delek Group unit buys Ithaca stake to expand global activity Delek Group Ltd., a partner in Israel’s two largest offshore natural gas fields, said a unit has acquired 20% of Canada’s Ithaca Energy Inc. for about $66 million as part of its strategy to transform itself into a global energy company.