http://www.worldoil.com WorldOil Darcy proves new sand control technology with Statoil installation https://www.worldoil.com/news/2015/8/04/darcy-proves-new-sand-control-technology-with-statoil-installation Sand control engineering specialist Darcy is gearing up for global interest in its downhole Hydraulic Screen following a successful installation in Statoil’s Statfjord oil field in the Norwegian Sector of the North Sea. Devon Energy appoints new president, CEO https://www.worldoil.com/news/2015/8/04/devon-energy-appoints-new-president-ceo Devon Energy’s board of directors has elected Dave Hager, most recently Devon’s COO, as the company’s new president and CEO. Gazprom Neft’s exports of Siberian crude reach 10 million tonnes https://www.worldoil.com/news/2015/8/04/gazprom-neft-s-exports-of-siberian-crude-reach-10-million-tonnes Following the supply of a further 100,000 tonnes of East Siberian Pacific Ocean (ESPO) crude to the Chinese market in July, total volumes of ESPO crude exports by Gazprom Neft since the commencement of supplies have now reached 10 million tonnes. Team Oil Tools buys Odessa Packer Services https://www.worldoil.com/news/2015/8/04/team-oil-tools-buys-odessa-packer-services Team Oil Tools has acquired all the outstanding shares of Odessa Packer Services (OPS). BP awards Clair Ridge contract to Cape https://www.worldoil.com/news/2015/8/04/bp-awards-clair-ridge-contract-to-cape BP has awarded Cape plc a new contract for the Clair Ridge project, with further future phases added over the next 18 months. Statoil passes 100 MMbbl of production from Brazil's Peregrino field https://www.worldoil.com/news/2015/8/04/statoil-passes-100-mmbbl-of-production-from-brazils-peregrino-field After just four years in production, Peregrino field, in the Campos basin offshore Brazil, has passed a significant milestone, with 100 MMbbl of oil produced since April 2011. Nigeria to lose billions without oil sales reforms, report says https://www.worldoil.com/news/2015/8/04/nigeria-to-lose-billions-without-oil-sales-reforms-report-says Nigeria must urgently reform the way it sells oil to prevent Africa’s biggest crude producer losing billions of dollars of revenue, according to a new report. Oil’s drop below $50 may be just the start as demand swoons https://www.worldoil.com/news/2015/8/04/oil-s-drop-below-50-may-be-just-the-start-as-demand-swoons Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn swoon. WTI near 4-month low after Brent falls below $50 on Iran https://www.worldoil.com/news/2015/8/03/wti-near-4-month-low-after-brent-falls-below-50-on-iran Oil in New York held near a four-month low after Brent crude slumped below $50/bbl for the first time since January on Monday as Iran pledged almost an immediate output increase after sanctions. Shell's Polar Pioneer starts Arctic drilling operations https://www.worldoil.com/news/2015/8/03/shells-polar-pioneer-starts-arctic-drilling-operations Shell's Polar Pioneer rig has started drilling operations in the Chukchi Sea, offshore Alaska. Kurdish oil producers DNO, Genel gain on export pledge https://www.worldoil.com/news/2015/8/03/kurdish-oil-producers-dno-genel-gain-on-export-pledge DNO ASA and Genel Energy Plc shares surged after the regional government of Iraq’s northern Kurdish region said it would start paying them for oil exports next month.