WorldOil Saudi Arabia seeking ways to boost 4% foreign stock ownership Saudi Arabia is seeking ways to boost foreign investment in its bourse, almost two years after easing access to the one of the world’s most restricted exchanges. Total sells interests in mature Ganbon fields to Perenco Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities. Investors see oil break out of narrow range with record bets Oil has been bound to the tightest price range in more than a decade, and yet hedge funds have never been so confident it will eventually rally. Saudi Aramco IPO to impact markets in many ways The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets. EIA: LNG exports expected to drive growth in U.S. natural gas trade The United States is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017) Reference case. The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas (LNG). BP acquires interest in Kosmos Energy assets offshore Senegal Kosmos Energy announced today that it has received government approval and completed its previously announced transaction with BP in Senegal. Executive director at Soma Oil and Gas resigns, accepts role as Somalia Prime Minister Soma Oil and Gas has announced the resignation of Hassan Khaire, executive director for Africa, so he can accept the honor of serving his country of origin, Somalia, as its Prime Minister. Webtool, DNV GL release umbilical and cable recovery gripping and lifting tool Webtool has released a gripping and lifting tool for recovering subsea umbilical and cable for offshore oil and gas and decommissioning projects. API: BLM's methane and waste prevention rule hurting consumers and local economies Colorado Petroleum Council Executive Director Tracee Bentley urged the U.S. Senate to follow the House and support a disapproval resolution on the Bureau of Land Management’s (BLM) Methane and Waste Prevention rule because the flawed rule doesn’t improve upon U.S. successes in methane emissions reductions and could negatively impact American consumers, local revenues and energy security. Another record week for U.S. oil exports as production surges Another week, another record for U.S. crude exports. New oil trades pose menace for OPEC in its prized market OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market.