ExxonMobil Corp. unit Esso Exploration & Production Guyana Ltd. has let an engineering, procurement, construction, and installation (EPCI) contract to Saipem SPA for the Liza project 120 miles offshore Guyana in 1,800 m of water. Source: News

Light, sweet crude oil prices closed lower on May 9, which traders attributed to rising US oil production and uncertainty about what action the Organization of Petroleum Exporting Countries will take regarding a proposed extension of its production-cut agreement. Source: News

Carol Crowfoot and Mark Taylor have been appointed by the Alberta Energy Regulator to its executive leadership team. Source: News

In its May Short-Term Energy Outlook (STEO), the US Energy Information Administration projects that the world’s oil market this year and next will have more supply growth compared with the April STEO, resulting in a lower forecast of crude oil prices in the coming months. Source: News