http://www.worldoil.com WorldOil Oil at $65 could free 500,000 bopd from shale ’fracklog’ https://www.worldoil.com/news/2015/4/24/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. Gazprom signs cooperation agreement with Argentina's YPF https://www.worldoil.com/news/2015/4/24/gazprom-signs-cooperation-agreement-with-argentinas-ypf Alexey Miller, chairman of the Gazprom Management Committee, and Miguel Galuccio, CEO of Argentine national petroleum company YPF, signed a memorandum of cooperation on Thursday. Premier Oil suspends Falklands well on BOP problem https://www.worldoil.com/news/2015/4/24/premier-oil-suspends-falklands-well-on-bop-problem Premier Oil’s Isobel Deep exploration well offshore the Falkland Islands has been temporarily suspended, Falkland Oil and Gas Limited, a partner in the well, reports. Cnooc retains annual output target as sales slump on lower crude https://www.worldoil.com/news/2015/4/24/cnooc-retains-annual-output-target-as-sales-slump-on-lower-crude Cnooc Ltd., China’s biggest offshore oil and gas explorer, will keep its annual production target, undeterred by a 40% plunge in first-quarter sales. Increased brownfield focus for ADIL https://www.worldoil.com/news/2015/4/24/increased-brownfield-focus-for-adil Independent energy consultancy ADIL has refocused its specialist brownfield project management team to help operators drive improved efficiency in this challenging sector of the North Sea oil and gas industry. KrisEnergy spuds Gulf of Thailand exploration well https://www.worldoil.com/news/2015/4/24/krisenergy-spuds-gulf-of-thailand-exploration-well KrisEnergy has started drilling the Rayrai-1 exploration well in Block G10/48 in the Gulf of Thailand, with the Key Gibraltar jackup rig, where the company is currently developing Wassana oil field. Saudi Arabia’s solution to global oil glut: Pump even more crude https://www.worldoil.com/news/2015/4/24/saudi-arabia-s-solution-to-global-oil-glut-pump-even-more-crude Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels, and then pump even more. Schlumberger to acquire ownership in Spectrum's Pelotas program https://www.worldoil.com/news/2015/4/24/schlumberger-to-acquire-ownership-in-spectrums-pelotas-program Spectrum has entered into a cooperation agreement with Schlumberger to acquire 50% ownership in Spectrum's Pelotas multiclient program. Ithaca Energy sells Norwegian business to MOL https://www.worldoil.com/news/2015/4/24/ithaca-energy-sells-norwegian-business-to-mol Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge, for an initial consideration of $60 million. Cameron introduces Jaguar class self-elevating drilling unit https://www.worldoil.com/news/2015/4/24/cameron-introduces-jaguar-class-self-elevating-drilling-unit Cameron has introduced its new LETOURNEAU Jaguar Class self-elevating mobile offshore drilling unit. 163 members of Congress urge Obama admin to increase OCS energy production https://www.worldoil.com/news/2015/4/24/163-members-of-congress-urge-obama-admin-to-increase-ocs-energy-production U.S. Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Energy and Natural Resources Committee, along with Sens. Tim Scott, R-S.C., Bill Cassidy, R-La., and Rep. Rob Bishop, R-Utah, chairman of the House Natural Resources Committee, led 159 of their Senate and House colleagues in urging Interior Secretary Sally Jewell to increase access to the energy resources on the nation's Outer Continental Shelf (OCS).