Thunder Creek Gas Services LLC, a subsidiary of Meritage Midstream Services II LLC, has acquired midstream assets in the southern portion of Wyoming’s Powder River basin from Devon Energy Production Co. LP, a wholly owned subsidiary of Devon Energy Corp. Source: News

A well in the Llanos basin in Colombia revealed 120 ft of oil-saturated net pay, according to operator ONGC Videsh Ltd. of India. Source: News

DNO ASA has agreed to buy Origo Exploration Holding AS, a private exploration firm focused offshore Norway and the UK. Origo will be renamed DNO Norge AS. Source: News

Benchmark crude oil futures dropped more than $2 on markets in New York and London on May 4 as US light, sweet crude oil prices reached a 5-month low following government reports earlier in the week that estimated a smaller-than-expected decline in crude oil supplies and growing gasoline supplies. Source: News

Royal Dutch Shell PLC reported earnings on a current cost of supply basis, excluding identified items, of $3.86 billion, up $2.23 billion from first-quarter 2016. The Anglo-Dutch firm says the big increase is mainly driven by higher contributions from its upstream and chemicals business, partly offset by higher net interest expense. Source: News

Multiple process safety management gaps led to a Feb. 18, 2015, explosion of the fluid catalytic cracker at ExxonMobil Corp.’s 149,500-b/d Torrance, Calif., refinery, the US Chemical Safety Board said in a final report it issued on May 3. Source: News