Lead stories: Statoil leverages IOR expertise in a deal of up to US$2.9 billion with Petrobras. Macro: oil prices up on Forties pipeline outage; US companies underperform again in a mixed week for oil and gas stocks; Wood Mackenzie upgrades 2018 Brent forecast. Companies: BP returns to solar; Saudi Aramco ups ten-year budget; Petrobras raises more cash. M&A: Oasis enters the Permian. Exploration: ExxonMobil hits oil in Equatorial Guinea; Eni upgrades Mexico resource estimates; Kosmos drills a duster – what does this mean for exploration in Mauritania?