WorldOil EU mulls cutting funds to Turkey as drilling feud escalates The European Union may suspend most high-level contact with Turkey and cut the flow of funds in protest at its drilling activities off the coast of Cyprus. JFMS survey clears Black Sea site to support future oil exploration James Fisher Marine Services (JFMS) completes deep-towed subsea survey project for Lukoil, one of the largest publicly traded oil and gas companies in the world, in waters proven to preserve treasures dating back to Venetian golden era of centuries ago. DTEK Oil and Gas to invest $37 million into Ukraine's Zinkivska Block DTEK Oil and Gas and its subsidiaries have been selected as winners in a competition for the largest Product Sharing Agreement (PSA) in Ukrainian history. Over $430 million to be invested in the exploration of oil, gas fields in Ukraine The results of nine international PSA tenders, covering 11.400 km2 of onshore acreages, have been concluded by Intergovernmental Commission on July 1. Trump's shot at Russian pipeline shows fight for market share President Donald Trump’s threat to sanction Russia’s controversial new natural gas pipeline into Europe is an indication that competition to supply the fuel is heating up. Trump says he’s considering sanctions to block Nord Stream 2 President Donald Trump said Wednesday he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany. Gazprom, Shell meet to review progress of Nord Stream 2, Sakhalin II projects A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, CEO of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2019. Ukraine announces massive licensing rounds in 2019 Ukraine has outlined terms for a series of oil and gas licensing rounds with acreage of nearly 25,000 km2. Ascent Resources announces contract for purchase of mobile compressor unit in Slovenia Ascent Resources plc, the European focused oil and gas exploration and production company is pleased to announce that it has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia. Newpark receives Shell supplier award Royal Dutch Shell (Shell) honored Newpark Fluids Systems with its 2018 Global Wells Services Award for Suppliers with operational hours less than 100,000. The company was recognized for its health, safety and environment (HSE) and leadership practices executed in Albania.