WorldOil Orphaned oil rejected by U.S. refiners sails to Asia One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco—for three years—despite crude prices that topped $100/bbl. Saudi prince sees ‘excellent’ oil market as kingdom meets demand Saudi Arabia, the world’s biggest oil exporter, will meet any demand for its crude as the kingdom seeks to keep customers happy and maintain a balanced market, Prince Abdulaziz bin Salman, the deputy oil minister, said. UK government tells BP it would oppose any takeover, FT says The UK government told BP Plc it would oppose the acquisition of the oil producer by a foreign company, the Financial Times reported. Kosmos Energy reports play-opening gas find offshore Mauritania Kosmos Energy announced Monday that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery. Japan’s Inpex buys stake in Abu Dhabi oil fields TOKYO -- Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi, the Tokyo-based company said Monday. PetroChina, Sinopec surge on industry merger speculation PetroChina Co. and China Petroleum and Chemical Corp., the nation’s two largest oil explorers, jumped by their daily trading limit in Shanghai on Monday on speculation the government is considering consolidating the industry. Tullow rises after border ruling lets Ghana project proceed Tullow Oil Plc gained in London after a tribunal ruling on a maritime border dispute between Ghana and Ivory Coast allowed an offshore oil project to proceed. Sterling Energy commences 3D seismic survey at Ambilobe Block off Madagascar Sterling Energy has commenced its planned 3D seismic survey of 1,250 km2 over a high-graded portion of the Ambilobe Block, offshore Madagascar. Texas proceeds against two shale disposal wells linked to seismic activity The Texas Railroad Commission has initiated proceedings requiring the operators of two disposal wells in the area of Azle, Texas, to show cause why the injection permits for the wells should not be cancelled due to an alleged connection raised by new seismic research. Shell's pipeline transports first oil from Delta House platform in deepwater Gulf of Mexico Shell Pipeline Company's Odyssey Pipeline System has successfully transported the first crude oil produced from the LLOG-operated Delta House platform in the Mississippi Canyon protraction area of the Gulf of Mexico. Oil at $65 could free 500,000 bopd from shale ’fracklog’ Oil needs to recover to $65/bbl for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya.