The oil and gas industry is learning its role in a digital disruption that for oil companies has involved primarily equipment sensors and big data analysis, but producers still have much to learn from other industries, speakers told a session May 3 at the Offshore Technology Conference in Houston. Source: News

Oklahoma City, Okla., independent Devon Energy Corp. reported on plans to divest $1 billion-worth of upstream assets including noncore portions of the Barnett shale area focused mainly around Johnson County as well as other properties in the company’s US resource base. Source: News

ConocoPhillips reported first-quarter earnings of $777 million compared with a loss of $1.469 billion in the same quarter last year. Source: News

US light, sweet crude oil futures for June fell more than $1 to settle under $48/bbl May 2 on the New York market while Brent crude oil prices in London fell more than a $1 to settle below $51/bbl. Source: News

Michael Joyce has joined Akin Gump Strauss Hauer & Feld LLP as a partner in its global energy and transactions practice in Singapore. He previously worked almost 20 years at Norton Rose Fulbright, where he was head of its Australia oil and gas group. Source: News

Jonah Energy LLC, Denver, has agreed to acquire Houston-based Linn Energy Inc.’s interests in western Wyoming for $581.5 million. The move for Linn comes as part of its operational transformation after emerging from bankruptcy earlier this year. Source: News

US President Donald Trump said he would consider increasing the federal gasoline tax as a way to help pay for infrastructure development during a May 1 interview. His press secretary quickly said this does not mean the president would support such a move. Source: News