WorldOil GasLog acquires two LNG carriers from BG Group GasLog Ltd. has completed the acquisition of two LNG carriers from Methane Services Limited (MSL), a subsidiary of BG Group, Monaco-based GasLog announced Tuesday. BG Group, Aptomar sign Knarr field monitoring contract READING, United Kingdom -- BG Group has awarded Aptomar a contract to provide field monitoring services at Knarr field on the Norwegian Continental Shelf. As a result, Aptomar will establish a new marine control center in Trondheim, Norway. Harkand wins $5-million diving support contract in Mexico Harkand has secured a $5-million contract in Mexico to perform saturation diving services in support of an offshore pipeline project for offshore construction company Swiber Offshore Mexico S.A de C.V. Storage sells for 10 cents a month at U.S. oil-import hub Oil cavern space at the Louisiana Offshore Oil Port sold for 10 cents/bbl a month at an auction on Tuesday, offering a glimpse into the value of storage as domestic crude supplies swell to a record. Reckoning arrives for cash-strapped oil firms amid bank squeeze Lenders are preparing to cut the credit lines to a group of junk-rated shale oil companies by as much as 30% in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter. Karoon Gas spuds Echidna-1 exploration well in Santos basin Karoon Gas Australia has announced the spudding of the third well—the Echidna-1 exploration well—in its Santos basin drilling campaign. Shell one step closer to Chukchi Sea drilling U.S. Interior Secretary Sally Jewell on has validated the 2008 sale of oil and gas leases in the Chukchi Sea, a decision that brings Royal Dutch Shell a step closer to winning approval of drilling in those remote Arctic waters. George Kirkland to retire from Chevron SAN RAMON, California -- Chevron Corp. has confirmed that George L. Kirkland, vice chairman and executive V.P., Upstream, will retire from the company, effective June 15. Cameron names new V.P. of Marketing and CTO Cameron has elected Justin Rounce for the newly created position of V.P., Marketing and Chief Technology Officer (CTO), effective Mar. 23. U.S. oil production on track to reach all time high in 2015, says Rystad Energy Rystad Energy estimates U.S. annual oil production to peak at 9.7 MMbpd by September 2015, assuming WTI stays at $55/bbl on average for the year. Apache reports strong results from discoveries in Egypt's Western Desert Apache Corp. has reported strong appraisal- and development-drilling results from Egypt following the discovery of two new oil fields in the Western Desert.