Lead stories: Shell hits the mark at its annual Management Day. Macro: US Independents move to lock in prices for 2018; oil and gas shares outperform; oil prices buoyed by extension. to production cuts – but is oversupply still a risk in 2018? Companies: Shell and PetroChina unlock value from US$3.2 billion Arrow Energy deal; Tullow finalises US$2.5 billion debt refinancing; Pemex announces a new CEO; Russian Majors' Q3 earnings surge. Exploration: Statoil expands in Argentina's Vaca Muerta shale play; CNPC announces a giant new discovery. M&A: Noble sells more US assets.