WorldOil For OPEC, this year’s painful oil slump will bring gains in 2016 While OPEC’s fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50/bbl, an entirely different picture could emerge next year. Oil surges most in six years on faster U.S. economic growth Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted. EIA expects near-term decline in natural gas production in major shale regions Natural gas production across all major shale regions in EIA's Drilling Productivity Report (DPR) is projected to decrease for the first time in September. Production from these seven shale regions reached a high in May at 45.6 Bcfd and is expected to decline to 44.9 Bcfd in September. ABB names Pilon as managing director for Canada MONTREAL, Québec -- ABB has named Nathalie Pilon as the new managing director for ABB in Canada, effective Oct. 1. Pilon replaces Daniel Assandri who led the successful expansion of Canada over the past five years. Schlumberger's $14.8-billion Cameron purchase could inspire more deals Schlumberger Ltd.’s takeover of Cameron International Corp. could inspire more dealmaking. DNV GL awards class for two self-elevating construction, accommodation units DNV GL will be working with the Chinese-owned Tianjin Desail to develop a new liftboat design for offshore construction, accommodation and maintenance. Cobalt International Energy names new CFO, executive V.P. Cobalt International Energy has announced that Shannon (Shane) E. Young, III will join Cobalt as CFO and executive V.P. Young is currently senior V.P. and CFO for Talos Energy. Maersk Oil awards integrated services contract to Amec Foster Wheeler Amec Foster Wheeler has won a three year integrated services contract (ISC) from Maersk Oil. The value of the contract has not been announced. GeoPark discovers new light oil field in Colombia GeoPark Limited discovered a new oil field following the drilling of exploration well Chachalaca 1, located on the Llanos 34 Block in Colombia. GeoPark operates and has a 45% working interest in the block. China oil giants seeking to join spree of global energy deals PetroChina Co., the country biggest oil and gas producer, signaled it’s looking to join a wave of global energy deals as crude’s collapse makes it the right time to buy and sell assets. Loyd’s Register to class world’s largest heavy lift crane vessel Loyd’s Register has won a contract to class the world’s largest heavy lift crane vessel (NSCV) for the Netherlands-based Heerema Group.