WorldOil Schlumberger signs two long-term Transocean service agreements Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. Dresser-Rand commissions its first small-scale LNG production solution The Dresser-Rand business, part of Siemens Power and Gas, has commissioned its first small-scale natural gas liquefaction system at the Ten Man liquefied natural gas (LNG) facility near Mansfield, Pa. Online oil and gas lease sale nets $84 million for Permanent School Fund Commissioner George P. Bush today announced that the Texas General Land Office's (GLO) fourth online sale of oil and gas leases earned public education more than $84 million. Statoil awards service contracts for two Cat J rigs Baker Hughes and Schlumberger will be awarded contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and Gullfaks. Oil falls as IEA chief sees ‘significant’ boost to U.S. output Oil fell in New York, reversing earlier gains, after the head of the International Energy Agency (IEA) predicted a rebound in U.S. supply. Aramco CEO says oil tax will be cut to lure investors to IPO Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering—potentially one of the largest in history—more appealing to investors. Asia-Pacific’s upstream holds MandA opportunities worth $40 billion Asia-Pacific's upstream sector holds up to $40 billion worth of opportunities in 2017 as oil majors continue to divest mature and mid-life assets in the region, according to a research by Wood Mackenzie. Chevron awards structural integrity services contract to Atkins Chevron North Sea has awarded Atkins a three-year framework contract for structural integrity services across selected fixed and floating platforms in the UK North Sea. Oil bosses see shale rebound capping 2017 price surge Top oil industry officials in Davos aren’t turning completely bullish just yet. Capping their enthusiasm is U.S. shale oil, which is likely to limit price increases and usher in a period of greater volatility. Rokke’s Aker said to weigh sale of Aker Solutions Aker ASA, the investment company controlled by Norwegian billionaire Kjell Inge Rokke, is considering a sale of offshore-engineering business Aker Solutions, according to people familiar with the matter. IEA sees significant gains in U.S. shale oil as prices rise Oil-price gains will trigger a “significant” increase in U.S. shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.