WorldOil Shell to sell Permian basin assets to ConocoPhillips for $9.5 billion Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shale developer in the basin, for $9.5 billion in cash. Oil prices fall with broader market on China’s economic concerns Oil resumed declines amid growing concerns over the health of China’s economy that have triggered massive losses in equities. Russia decides against increasing European gas flows, sending prices higher European gas prices surged more than 10% as Russia is keeping its grip on the market, opting to cap additional flows to the continent. LYTT and Baker Hughes join to accelerate digital transformation in oil and gas The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise. Shell reports structural damage to West Delta facilities from Hurricane Ida The West Delta-143 facilities serve as the transfer station for production from Shell’s assets in the Mars corridor in the Gulf of Mexico to onshore crude and natural gas terminals. Equinor ramps up Norwegian exports to help meet European gas demand Equinor and its partners have received permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market. Europe isn’t buying LNG despite record gas demand – here’s why. A record rally in natural gas prices in Europe doesn’t mean it’s become lucrative to send every available molecule to the region. Europe faces a winter energy crisis years in the making Europe is bracing for a tough winter as an energy crisis that’s been years in the making leaves the continent relying on the vagaries of the weather. UK minister says ‘no immediate concern’ on gas supplies There’s “no immediate concern” about fuel supplies running short for consumers in the UK, Conservative MP Alok Sharma said Sunday. Canada’s PM vote will influence energy, financial sectors With Canadians set to vote Monday in a highly competitive election, the outlook for the two largest sectors in country’s stock index hangs in the balance. Energy Workforce and Technology Council presents individual service awards at annual meeting The Council recognized members for exceptional leadership and accomplishments on behalf of the energy services and technology sector during its 2021 Annual Meeting, held in Santa Ana Pueblo, NM.