WorldOil U.S. sanctions energy traders, tightening the screws on Iran The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic’s revenue sources. Global oversupply sets up LNG for a year of record low prices Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption. World Oil Daily Brief podcast, Thursday, January 23rd Oil hits a two-month low as the Asian virus threatens demand, one of the best-known shale bankers tells Houston to embrace the energy transition, and continued Mediterranean tension has tankers piled up off Libya's coast. Investors wary as AMLO slowly dismantles Mexican energy reforms Andres Manuel Lopez Obrador, who swept into power in Mexico after promising big changes in the country’s energy markets, has been careful not to spook investors by canceling past reforms outright. Exxon looks to divest UK, German upstream assets Exxon Mobil plans to start gauging buyer interest in its UK and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said. EIA expects U.S. net natural gas exports to almost double by 2021 The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021. Tullow and Total retain Natixis to sell Kenyan oilfield stakes Tullow Oil and Total have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter. Worley lands FEED contract for Total’s 20,000 psi North Platte field development The North Platte Development forms part of Total’s reentry, as an operator, into Gulf of Mexico operations with oil production expected to average 75,000 bpd at plateau level. AVEVA adds prescriptive maintenance to its asset performance management toolset The integrated solutions will empower the workforce to execute prescriptive guidance across engineering, operations and maintenance resulting in improved efficiency, safety and reliability. TMC bags ALS compressor contract for seven LNG newbuilds TMC Compressors of the Seas has been awarded a contract by Hyundai Heavy Industries to deliver its air lubrication system compressors to seven LNG carriers the Korean shipbuilder is constructing for Capital Gas Corp. Norway’s recent oil investment boom probably also its last Western Europe’s biggest oil and gas producer just witnessed its final investment boom, according to Norway’s largest bank.