http://www.worldoil.com WorldOil Enbridge to optimize regional oil sands infrastructure expansions https://www.worldoil.com/news/2015/3/6/enbridge-to-optimize-regional-oil-sands-infrastructure-expansions Enbridge has revealed plans to optimize a previously announced expansion of its Regional Oil Sands System. GE opens new facility in Australia to support subsea projects https://www.worldoil.com/news/2015/3/6/ge-opens-new-facility-in-australia-to-support-subsea-projects GE has announced the official opening of a new oil and gas facility in Broome, Western Australia, specifically designed to service subsea projects. Statoil delays Castberg, Snorre projects to cut costs https://www.worldoil.com/news/2015/3/6/statoil-delays-castberg-snorre-projects-to-cut-costs STAVANGER, Norway -- The licensees in the Johan Castberg and Snorre 2040 licenses have decided to spend more time on the projects, Statoil announced Friday. BP finalizes $12-billion deal to develop Egypt’s West Nile Delta https://www.worldoil.com/news/2015/3/6/bp-finalizes-12-billion-deal-to-develop-egypt-s-west-nile-delta BP announced Friday that it has signed the final agreements of the West Nile Delta project to develop 5 Tcf of gas resources and 55 MMbbl of condensates with an estimated investment of around $12 billion by BP and its partner. Gazpromneft Khantos acquires two new licenses https://www.worldoil.com/news/2015/3/6/gazpromneft-khantos-acquires-two-new-licenses Gazpromneft Khantos has acquired two new licenses, for Maloyugansk and Zapadno-Zimnee fields, in Russia’s Khanty Mansiysk Autonomous Region. BNSF train hauling 103 crude cars derails in Illinois https://www.worldoil.com/news/2015/3/6/bnsf-train-hauling-103-crude-cars-derails-in-illinois GALENA, Illinois (Bloomberg) -- A BNSF Railway Co. train carrying 103 cars of crude oil derailed in rural Illinois, and U.S. regulators said a fire had broken out. There were no reports of injuries. Statoil to drill UKCS Catcher and Mariner wildcats https://www.worldoil.com/news/2015/3/5/statoil-to-drill-ukcs-catcher-and-mariner-wildcats STAVANGER -- Statoil is preparing to drill two UKCS wells in the Spring -- one in the Catcher area of the Central North Sea and the other in the Northern North Sea to the west of the Mariner field. Blackbird Energy reports gas and liquids discoveries in Montney shale https://www.worldoil.com/news/2015/3/5/blackbird-energy-reports-gas-and-liquids-discoveries-in-montney-shale CALGARY -- Blackbird Energy has announced that its first two operated horizontal Montney wells at Elmworth, Alberta, have been successfully completed and tested. Statoil exec sees a year of cash flow challenges, cost containment https://www.worldoil.com/news/2015/3/5/statoil-exec-sees-a-year-of-cash-flow-challenges-cost-containment For the remainder of 2015, the global EandP industry should expect to see operators wrestling with cash flow challenges, negotiating price discounts with suppliers and looking to sell assets to raise cash, said Jason Nye, Statoil’s senior V.P. for U.S. Offshore Development and Production, North America. Colorado operator misses bond payment, marking junk's swift fall https://www.worldoil.com/news/2015/3/5/colorado-operator-misses-bond-payment-marking-junks-swift-fall DENVER -- A Colorado oil producer is giving debt investors a lesson in the risks of lending to companies that staked their future on the U.S. shale boom. ConocoPhillps’ chief economist sees gradual market recovery https://www.worldoil.com/news/2015/3/5/conocophillps-chief-economist-sees-gradual-market-recovery HOUSTON -- The recovery of the global oil market from sharply lower oil prices will be gradual, and it will be driven mostly by a supply response, said ConocoPhillips Chief Economist Marianne Kah.