NOTES

Another oil/gas discovery in Kenya by Tullow.

Eni's new production in Arctic off Norway needs $100 oil to break even. Production life ~15 yrs.

Shell, partners launched production in deepwater off Brazil. 20Kb/d peak.

Total won't go forward with shale ops in France with current oil prices.

Iran/Greece deal to resume oil sales. Up to 60Kb/d to Greece. 150K eventually.

Rosneft working deal to buy 49% of India's largest refiner for $2.4B.

Marathon looking to sell Wyoming assets.