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Eni SPA has signed two concession agreements to establish a long-term presence in the UAE.

Woodside Petroleum Ltd., Perth, signed an agreement with BHP Billiton Ltd. in which BHPB has waived its right of preemption and provides its consent to the sale to Woodside by ExxonMobil Corp. of ExxonMobil’s 50% interest in retention lease WA-1-R and the Scarborough Joint Venture Operating Agreement.

US President Donald Trump fired Rex W. Tillerson as secretary of State after barely more than 13 months on the job in a 5:45 a.m. tweet on Mar. 13 and said he intends to name Central Intelligence Agency Director Mike Pompeo as his successor.

Oil prices fell on markets in New York and London for a second consecutive day Mar. 13 on news of staffing changes within the US administration and pending the weekly government report on US oil and products inventory levels.

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 5 million bbl for the week ended Mar. 9 vs. the previous week, the US Energy Information Administration said.


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