WorldOil Chevron plans to sell 50% of Caltex Australia for $3.6 billion Chevron Corp. plans to sell its 50% stake in Caltex Australia Ltd. to institutional investors for about A$4.6 billion ($3.6 billion) as the second-biggest U.S. energy producer accelerates asset sales. Chevron pulls out of Australian gas project with Beach Energy Chevron Corp. withdrew from a natural gas exploration venture in central Australia, as the second-biggest U.S. energy producer curtails spending. CNOOC surprises with 6.6% gain in annual profit as peers slump CNOOC, China’s biggest offshore explorer, reported a 6.6% percent increase in annual profit even as the plunge in crude prices hit explorers across the world. Statoil to set world record with Polarled pipe-laying project On Mar. 26, the Solitaire pipe-laying vessel initiated on the first stage of the Polarled installation project of the 482 km long pipeline that will transport gas from the Aasta Hansteen field in the Norwegian Sea to Nyhamna in western Norway. Helix, Shell in deepwater well intervention semisubmersible contract extension Helix Energy has entered into a new multi-year contract with Shell to provide well intervention services in the U.S. Gulf of Mexico utilizing Helix’s Q4000. Statoil to drill wildcat well in PL 029B in North Sea Statoil Petroleum has recieved a drilling permit from the Norwegian Petroleum Directorate for wildcat well 15/6-13 in PL 029B, near the Gina Krogh field in the central North Sea. Cray to deliver supercomputer to PGS Cray Inc. has been awarded a contract to provide Petroleum Geo-Services (PGS) with a Cray XC40 supercomputer and a Cray Sonexion 2000 storage system. Total, DNO keep pumping oil and gas in Yemen after airstrikes Total and DNO said they continue to pump oil and natural gas in Yemen after Saudi Arabia and its allies bombed rebel targets in the nation. SemGroup to build U.S. Gulf Coast pipeline system for Motiva refineries TULSA -- SemGroup Corporation will construct, own and operate three new pipelines in Louisiana, collectively named the Maurepas Pipelines. Russia sets terms for Schlumberger’s Eurasia Drilling bid amid sanctions Schlumberger Ltd. must satisfy a list of conditions, in part linked to sanctions, to gain approval for its $1.7 billion bid to buy Russia’s largest oil driller. Schlumberger introduces coiled tubing real-time multiset inflatable packer Schlumberger has announced the release of the ACTive Straddle coiled tubing (CT) real-time multiset inflatable packer.