WorldOil Cameron introduces new series of flow meters The CamCor series meters can handle many hydrocarbon production and processing applications effectively, but are especially suited for monitoring separator outlets near wellheads, crude oil custody transfer operations, in plants and pipelines delivering refined products and specialty gases, low-flow applications, and high viscosity fluids, such as crude oil and adhesives. Alberta pipelines set back by oil rout TransCanada Corp. is slowing work on two pipelines in Alberta because of reduced demand tied to lower crude prices and setbacks to its major oil export projects. Enbridge profit beats estimates on rising shipments Enbridge Inc., Canada’s largest pipeline company, posted a second-quarter profit that exceeded expectations after revenue from oil, petroleum liquids and natural gas distribution rose. $700 million invested in Ghana offshore gas project The World Bank approved $700 million in investment guarantees for an offshore gas project in Ghana that will help the country address electricity shortages. Saudi Aramco testing C02 to get more oil from giant Ghawar field Saudi Arabian Oil Co. started injecting carbon dioxide to try and boost extraction rates from the world’s biggest oil field as the company steps up plans to recover more crude from its deposits. TransCanada quarterly profit rises on power and pipe volumes TransCanada Corp., which divides its business between pipelines and power plants, reported higher second-quarter profit as the company transported more fuel and produced more electricity from a nuclear plant in Ontario. Dark times ahead as oil slump lingers Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years. Chevron profit plummets after writedown of oil asset values Chevron Corp. posted its lowest profit in more than 12 years after an energy market rout prompted the company to write down the value of oil and gas fields by almost $2 billion. Total assumes operatorship of PRL 15 InterOil Corp. and Total EandP PNG Limited have agreed that Total will become operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea from August 1, 2015. Exxon profit lowest since 2009 as cost cuts lag oil’s drop Exxon Mobil Corp. posted its worst quarterly performance in six years as a worldwide glut of oil collapsed prices faster than explorers trimmed costs. Parkmead wins three new UK oil and gas licenses Parkmead has been provisionally awarded three new licenses covering three offshore blocks in the UK 28th Licensing Round.