WorldOil Oil drilling retreat in U.S. drags on for 25th straight week Oil explorers idled rigs in U.S. fields for the 25th straight week, drawing out an unprecedented retreat in drilling that has curbed the country’s shale oil boom and helped crude prices rally. Oil fund’s biggest outflow in 6 years shows rally may stall The biggest U.S. exchange-traded fund that tracks oil is heading for the largest two-month outflow in six years, raising concern that crude’s 30% rally may stall. BofA sees 50% chance U.S. ends crude-export ban by 2017 The U.S. has a more than 50% chance of lifting the ban on most crude oil exports within the next two years, potentially narrowing the gap between domestic and international oil prices, according to Bank of America Corp. Circle Oil names new CEO Circle Oil, an Irish incorporated Middle East and Africa focused EandP company, has announced the appointment of Mitchell Robert Flegg as the company’s new CEO and a director of the company with effect from June 1. U.S. states compete among top energy producing nations Many individual states now rival the world’s major energy producing countries, according to a ranking published Thursday by API. North Sea crudes trade at biggest discounts in six years North Sea crudes are trading at the biggest discount to the regional benchmark in more than six years amid a surplus of cargoes. Libya seconds OPEC output target as ministers head to Vienna OPEC will maintain its production target next week, Libya’s deputy vice prime minister for energy said, joining Kuwait in predicting no policy change when oil ministers from the 12-member group meet in Vienna. Atlantic Offshore Rescue launches latest vessel as part of fleet modernization program Atlantic Offshore Rescue has unveiled its third new vessel in the past 12 months as part of the company's fleet modernization program, representing an investment totaling about $458 million (£300 million). Jee presents subsea mattress removal research in Aberdeen Jee Ltd, an independent multi-discipline subsea engineering and training firm, has completed a contract with Decom North Sea (DNS), the representative body for the decommissioning industry, to identify pioneering methods of salvage and re-use options for concrete subsea mattresses. Stewart Tubular announces new manufacturing facility Stewart Tubular Products, a manufacturer of premium threaded products for use in the global oil and gas industry, has announced an office relocation and expansion of manufacturing capacity. WandT Offshore discovers oil, gas at Ewing Banks 910; brings Medusa SS #6 well online WandT Offshore has announced a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field (Medusa), both in the deepwater Gulf of Mexico.