WorldOil Keystone XL pipeline sent back for new environmental review The U.S. State Department must conduct a new environmental review for the Keystone XL crude pipeline, a federal judge ruled, dealing a blow to a project supported by President Donald Trump in his first few days in office. Oil sinks to eight-week low after surprise U.S. stockpile build Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. Norwegian companies join forces for expansion of AI initiative Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not to lag behind. To strengthen national efforts on artificial intelligence, Telenor, NTNU and SINTEF are inviting Norwegian businesses to partner on the new Norwegian Open AI Lab. Deal frenzy swells with Diamondback's $8.4-billion shale buyout Diamondback Energy’s agreement to buy Energen in an $8.4 billion all-stock deal launches Permian buying spree that should shake up the U.S. shale industry. Well-SENSE secures strategic investment from Saudi Aramco Energy Ventures Downhole technology specialist, Well-SENSE, announced today that it has secured a seven-figure equity investment from Saudi Aramco Energy Ventures (SAEV), alongside its current owners, FrontRow Energy Technology Group Limited (FrontRow) and management. Oil recovers as Turkey tumult calms, U.S. supplies seen falling Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. After $80-billion blowouts, mega oil and gas projects are back Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100-crude. Norway to tamp down on oil spending after wealth fund deposits Norwegian Prime Minister Erna Solberg is ready to start reining in oil spending after the government began putting money back into the sovereign wealth fund again. Wood launches new phase of subsea integrity management industry network Wood has further extended the SURF IM Network, which aims to share experience and lessons learned from subsea integrity and reliability issues and is supported by 10 major global operators: BP, Chevron, ExxonMobil, Hess, Husky, Petronas, Shell, Suncor, Total and Woodside. Drones poised to reduce operating costs for energy industry Cheap drones are poised to boost output and cut operating expenses for the energy industry.