http://www.worldoil.com WorldOil Guilty plea on five counts in UK's Iraqi bribes case https://www.worldoil.com/news/2019/7/19/guilty-plea-on-five-counts-in-uks-iraqi-bribes-case A former oil executive pleaded guilty to five counts of corruption in the U.K. as part of one of the white-collar financial crime prosecutor’s biggest bribery investigations. EIA: Summer natural gas prices on track to be the lowest since 1998 https://www.worldoil.com/news/2019/7/18/eia-summer-natural-gas-prices-on-track-to-be-the-lowest-since-1998 EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. Baker Hughes sells reciprocating compression business to private equity fund https://www.worldoil.com/news/2019/7/18/baker-hughes-sells-reciprocating-compression-business-to-private-equity-fund Arcline Investment Management signed a definitive agreement to acquire the reciprocating compression division of Baker Hughes, a GE company. EIA: Iran drove unplanned OPEC production outage to highest levels since 2015 https://www.worldoil.com/news/2019/7/18/eia-iran-drove-unplanned-opec-production-outage-to-highest-levels-since-2015 EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015. ExxonMobil commits to joint development of open automation processes https://www.worldoil.com/news/2019/7/18/exxonmobil-commits-to-joint-development-of-open-automation-processes The goal of this collaboration is the creation of a standards-based, open, interoperable, and secure automation architecture that addresses both the technical and commercial challenges of current systems. Iran confirms it seized fuel tanker in the Persian Gulf https://www.worldoil.com/news/2019/7/18/iran-confirms-it-seized-fuel-tanker-in-the-persian-gulf Oil extended gains after Iran confirmed it had seized an oil tanker in the Persian Gulf earlier this week. Vanguard emerges from Chapter 11 bankruptcy as Grizzly Energy https://www.worldoil.com/news/2019/7/17/vanguard-emerges-from-chapter-11-bankruptcy-as-grizzly-energy Vanguard Natural Resources successfully completed financial restructuring, emerging bankruptcy as a new limited liability company. MAN Energy Solutions awarded subsea compression FEED order https://www.worldoil.com/news/2019/7/17/man-energy-solutions-awarded-subsea-compression-feed-order MAN Energy was awarded a FEED contract for the Chevron-operated Jansz-Io field in Western Australia. Permian watch: America’s hottest shale play is slowing down https://www.worldoil.com/news/2019/7/17/permian-watch-america-s-hottest-shale-play-is-slowing-down The engine of America’s shale boom is beginning to sputter. Canadian heavy crude surges as rail shipments increase https://www.worldoil.com/news/2019/7/17/canadian-heavy-crude-surges-as-rail-shipments-increase Heavy Canadian crude prices narrowed to the smallest discount against U.S. benchmark futures since April as rail shipments increase.