WorldOil ConocoPhillips reports first oil at Surmont 2 oil sands facility ConocoPhillips has delivered first oil at its Surmont 2 in-situ oil sands facility in Canada, the company said Tuesday. Americas will take brunt of any oil output cuts as Iran returns The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai. Sembcorp wins contract to build three topsides for Maersk’s Culzean development Sembcorp Marine subsidiary SMOE Pte Ltd has secured an engineering, procurement and construction (EPC) contract worth over $1 billion (including long lead items) from Maersk Oil North Sea UK Limited. Subsea 7 wins $150-million contract for Maersk’s Culzean Subsea 7 has won a subsea, umbilical, riser and flowline (SURF) contract from Maersk Oil, with a value in excess of $150 million, for the Culzean development. Faroe raises stakes in Blane, Enoch fields with Roc Oil deal Faroe Petroleum has announced the conditional acquisition of Roc Oil (GB Holdings) Limited, which holds a 12.5006% interest in the Blane Unit in the UK North Sea and a 12.00% interest in the Enoch Unit in the UK North Sea, from Roc Oil (Europe) Limited, a subsidiary of Roc Oil Company Limited. WandT Offshore sells Permian basin’s Yellow Rose field WandT Offshore has entered into a definitive agreement with Ajax Resources, LLC for the sale of all of WandT's interest in its Yellow Rose field in the Permian basin. Cenovus buys crude-by-rail trans-loading facility in Alberta Cenovus Energy has closed its purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta. Polarcus wins broadband 3D project offshore Brazil Polarcus has signed a contract with an undisclosed client for a non-exclusive broadband 3D marine seismic project offshore Brazil. World’s top oil trader Vitol sees price at $40-$60 to 2016 Oil prices will remain at $40/bbl to $60/bbl into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader. FEI, University of Wyoming partner for digital rock research The University of Wyoming (UW) has announced that FEI, the scientific and technical instrument manufacturer, will provide state-of-the-art imaging equipment, software and support for cutting-edge digital rock research that will have far-reaching impacts for Wyoming’s oil and gas industry and its economy. Oil caps biggest three-day gain since 1990 as OPEC ready to talk Oil capped the biggest three-day gain in 25 years after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates.