WorldOil Oil pessimists exit market as supplies seen closer to balance The oil market doomsayers are beginning to capitulate. Battered by crude collapse, Norway now faces risk of oil strikes Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore workers. Instead, the talks broke down after less than a minute. Oil at $60 gains more backers on forecast for higher U.S. demand The United Arab Emirates’s economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line. Cyberhawk, Nordic Unmanned in Norwegian partnership Cyberhawk Innovations has bolstered its international presence by signing a partnership agreement with Nordic Unmanned, Norway’s leading UAV operator. Det norske awards subsurface, engineering contract to First Geo Det norske oljeselskap has awarded First Geo a framework agreement for delivery of a broad range of subsurface and well engineering services. Oil states expected to stick with Saudis: OPEC reality check OPEC members gathering in Vienna June 2 are expected to go along with a Saudi Arabia-led policy focused on squeezing out rivals amid signs the strategy is working. New Brunswick's decision to extend fracing moratorium is a step in wrong direction, CAPP says The Canadian Association of Petroleum Producers (CAPP) has expressed disappointment with the New Brunswick government’s decision to extend the moratorium on hydraulic fracturing. Oil near $50 amid drop in U.S. rigs, disruptions in Nigeria Oil traded near $50 after a drop in active rigs in the U.S. and further supply disruption in Nigeria. Reliance said to revive offshore gas project by end-2017 Reliance Industries Ltd. is preparing to restart work in four offshore oil and gas blocks, including one of India’s biggest natural gas discoveries, as it seeks to revive development activity stalled for seven years by disputes with the government, according to people with knowledge of the plan. GE Oil and Gas to use robotics and 3D printing in futuristic plant GE Oil and Gas has inaugurated two new high-tech component production lines at its plant in Talamona, Italy. Vallourec inaugurates new Asia-Pacific facility Vallourec Tube-Alloy, a wholly-owned Vallourec subsidiary, has announced the opening of its new plant in Singapore, to be known as Vallourec Tube-Alloy Asia-Pacific.