WorldOil Oil falls most in five weeks as supplies rise, trade deal stalls Futures fell as much as 2.7% in New York, the biggest intraday decline since Oct. 14. U.S. oil inventories probably rose by 1.5 MMbbl last week, according to a Bloomberg survey ahead of a government report on Wednesday. Conoco launches plan to distance itself from shale, win back shareholders ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry. Leading oil-market forecasts shift to positive for 2H 2020 The views of the three big oil forecasting agencies on changes in inventory levels next year have diverged over the past month, as the outlook from two of them becomes slightly more positive for producers. Rockwell Automation and Accenture Industry X.0 join to create digital solutions for industrial clients By providing customers with a single, trusted provider of digital solutions, the collaboration will enable clients to more effectively leverage the Industrial Internet of Things (IIoT) and ultimately drive measurable growth outcomes. Enpro Subsea completes latest subsea enhanced production campaign in Ghana Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa. Norway’s oil production beats October forecast, still lags full-year projections The Norwegian Petroleum Directorate’s preliminary production figures for October 2019 show an average daily production of 1.82 MMbblof oil, NGL and condensate, an increase of 264,000 bpd compared to September. CGG to undertake UK North Sea’s largest OBN multi-client survey Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021. Exxon says N.Y. used climate-change fraud claims to score political points The energy giant unleashed a torrent of criticism against New York Attorney General Letitia James in court filings Monday, more than a week after the state sought to drop two out of four claims on the last day of a civil trial that has yet to be decided by the judge. Mexico’s curious clean-energy credit use deters renewable energy development The government of Andres Manuel Lopez Obrador is changing rules for clean-energy credits, allowing aging hydroelectric dams operated by Mexico’s state-owned utility to qualify. The move, critics say, dilutes the value of credits initially intended for new wind and solar farms. Oil slumps as pessimism clouds prospect of trade war settlement Oil fell from an eight-week high amid signals that prospects for a resolution to the long-running U.S.-China trade war receded. i-Tech 7 extends UWILD track record in North Sea i-Tech 7, Subsea 7’s Life of Field business unit, has successfully completed an underwater inspection in lieu of dry-docking (UWILD) project for Borr Drilling in the North Sea.