http://www.worldoil.com WorldOil Oil recovers as Turkey tumult calms, U.S. supplies seen falling https://www.worldoil.com/news/2018/8/14/oil-recovers-as-turkey-tumult-calms-us-supplies-seen-falling Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. Caspian Sea breakthrough treaty set to boost oil, pipeline plans https://www.worldoil.com/news/2018/8/12/caspian-sea-breakthrough-treaty-set-to-boost-oil-pipeline-plans Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more than two decades of disputes. Eni and Sonatrach strengthen cooperation in the gas sector in Algeria https://www.worldoil.com/news/2018/7/18/eni-and-sonatrach-strengthen-cooperation-in-the-gas-sector-in-algeria The Chairman and General Director of the Algerian state company Sonatrach, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed an agreement that represents a further step towards the strengthening of their partnership in the Berkine basin. BP announces start-up of Shah Deniz 2 in Azerbaijan https://www.worldoil.com/news/2018/7/2/bp-announces-start-up-of-shah-deniz-2-in-azerbaijan BP and its partners in the Shah Deniz consortium today announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey. Eni exits Croatia's upstream sector https://www.worldoil.com/news/2018/6/22/eni-exits-croatias-upstream-sector Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently produces about 2,500 boed. Serinus Energy finds gas pay at Romanian confirmation well https://www.worldoil.com/news/2018/6/12/serinus-energy-finds-gas-pay-at-romanian-confirmation-well Serinus Energy announced drilling at its Moftinu 1007 well has concluded, achieving a TD of 1,463 m. Equinor signs new agreements in Azerbaijan https://www.worldoil.com/news/2018/5/30/equinor-signs-new-agreements-in-azerbaijan Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s state oil company SOCAR have signed a Risk Service Agreement (RSA) related to the appraisal and development of Karabagh oilfield and a Production Sharing Agreement (PSA) for the Ashrafi, Dan Ulduzu, Aypara area. Germany brushes aside U.S. objection to Russia gas pipeline link https://www.worldoil.com/news/2018/5/18/germany-brushes-aside-us-objection-to-russia-gas-pipeline-link Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. U.S. threatens sanctions if Nord Stream 2 project proceeds https://www.worldoil.com/news/2018/5/17/us-threatens-sanctions-if-nord-stream-2-project-proceeds The U.S. stepped up its opposition to the Nord Stream 2 natural gas pipeline linking Russia and Germany, saying the project raises security concerns and that it could draw U.S. sanctions. OPEC's reason for sticking with cuts rests on shaky ground https://www.worldoil.com/news/2018/5/2/opecs-reason-for-sticking-with-cuts-rests-on-shaky-ground OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.