WorldOil Russia sets terms for Schlumberger’s Eurasia Drilling bid amid sanctions Schlumberger Ltd. must satisfy a list of conditions, in part linked to sanctions, to gain approval for its $1.7 billion bid to buy Russia’s largest oil driller. Schlumberger introduces coiled tubing real-time multiset inflatable packer Schlumberger has announced the release of the ACTive Straddle coiled tubing (CT) real-time multiset inflatable packer. Norway has no plans to support oil prices by cutting production Norway has no plans to reduce output to support crude prices after they plunged 50% in the last nine months. Oil rises to 2-week high as Saudi Arabia bombs targets in Yemen Oil climbed to the highest in more than two weeks in London as Saudi Arabia and its allies bombed rebel targets in Yemen, which is near the center of global energy trade. Shell to cut staff, change working patterns in North Sea Shell UK plans to reduce the number of staff and agency contractors who support the company’s UK North Sea operations by at least 250 in 2015. Shell will also introduce changes to UK North Sea offshore shift patterns. PetroChina profit falls to lowest in 5 years on crude slump PetroChina Co., the country’s biggest oil and gas producer, posted the lowest annual profit in five years as falling crude oil prices squeezed earnings. EMGS inks more 3D EM data sales agreements in Barents Sea Electromagnetic Geoservices has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. Dolphin Geophysical sets new benchmark for seismic productivity Dolphin Geophysical has just mobilised the 'world's largest floating object' by deploying a seismic spread of 12 streamers, 7,050 m in length with 150 m streamer separation, off the coast of Myanmar for Ophir Energy. Schlumberger unit to pay $233 million in Iran, Sudan sanctions case Schlumberger Oilfield Holdings Ltd., a wholly owned subsidiary of Schlumberger Ltd., has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the U.S. for conspiring to violate the International Emergency Economic Powers Act by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan. Petrobras discovers 200-m hydrocarbon column at Libra C1 extension well The Libra consortium has finished drilling extension well C1. The drilling results confirmed a hydrocarbon column 200 m deep with good permeability and porosity. API: DOE crude-by-rail report highlights importance of accident prevention A U.S. Department of Energy (DOE) report on crude oil properties and transportation safety highlights the continued need for efforts to prevent more train derailments, said API Director of Midstream Robin Rorick.