http://www.worldoil.com WorldOil Cummins announces production of PowerCommand 3300 controller for drilling operations https://www.worldoil.com/news/2015/5/04/cummins-announces-production-of-powercommand-3300-controller-for-drilling-operations Cummins Inc. has announced the production of the PowerCommand (PCC) 3300 Controller for drilling operations, offering greater drilling power module (DPM) efficiency. Enteq introduces Twin Electro-Magnetic Telemetry System for MWD/LWD https://www.worldoil.com/news/2015/5/04/enteq-introduces-twin-electro-magnetic-telemetry-system-for-mwdlwd Enteq Upstream PLC, a provider of systems and components for MWD and directional drilling, has introduced the new Twin Electro-Magnetic Telemetry System into its product portfolio. Erin Energy Corp. brings Nigeria's Oyo field online https://www.worldoil.com/news/2015/5/04/erin-energy-corp-brings-nigerias-oyo-field-online Erin Energy Corp. has commenced production from the Oyo-8 well located in OML 120, offshore Nigeria. WPX Energy in $200 million-plus Marcellus deal https://www.worldoil.com/news/2015/5/04/wpx-energy-in-200-million-plus-marcellus-deal WPX Energy has signed an agreement to sell a package of Marcellus shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for in excess of $200 million cash. Total, Shell buy into Mid-Atlantic Current Hindcast (MACH) data set https://www.worldoil.com/news/2015/5/04/total-shell-buy-into-mid-atlantic-current-hindcast-mach-data-set BMT ARGOSS Ltd., the Met Office and Oceanweather Inc. have announced the launch of their joint Mid-Atlantic Current Hindcast (MACH) data set, resulting in two successful data sales to oil and gas majors, Shell International Petroleum Company Limited and Total S.A. Renowned oil trader sees rally as U.S. production falling https://www.worldoil.com/news/2015/5/04/renowned-oil-trader-sees-rally-as-us-production-falling The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50/bbl, according to crude trader and hedge fund manager Andrew J. Hall. Leadership reshuffle at China big oil clears path for reform https://www.worldoil.com/news/2015/5/04/leadership-reshuffle-at-china-big-oil-clears-path-for-reform China confirmed the reshuffle of the leadership of its biggest oil companies, helping clear a path in a crucial area of the economy for President Xi Jinping as he plans his overhaul of the nation’s bloated state sector. WorleyParsons cuts 2,000 jobs on falling oil prices https://www.worldoil.com/news/2015/5/04/worleyparsons-cuts-2-000-jobs-on-falling-oil-prices WorleyParsons Ltd., Australia’s largest oil services business, said second-half earnings will fall about 50% from the first half as it cuts 2,000 jobs and reduces work due to falling commodity prices. Brazil minister supports regulatory relief for Petrobras https://www.worldoil.com/news/2015/5/04/brazil-minister-supports-regulatory-relief-for-petrobras Brazil is considering lifting a requirement for its national oil company to operate all new projects in a deepwater region where exploration costs are some of the highest in the industry. Repsol makes new gas discovery in Bolivia https://www.worldoil.com/news/2015/5/04/repsol-makes-new-gas-discovery-in-bolivia Repsol has announced a new gas discovery in the Margarita-Huacaya Block in Bolivia. The discovery increases reserves in the Caipipendi area and will bolster Repsol's gas production in Bolivia. Expro nets Statoil contract for Canada's Flemish Pass basin https://www.worldoil.com/news/2015/5/04/expro-nets-statoil-contract-for-canadas-flemish-pass-basin Expro has secured a key contract offshore Canada with Statoil in the Flemish Pass basin. The initial four-year contract is valued at $45 million with options for two one-year extensions.