In this week’s video sponsored by DNV GL: media reports indicate the alliance between OPEC and non-OPEC countries, such as Russia, will keep oil production tamped down for another nine months. Stratas Advisors’ Jeff Quigley was on the scene in the Vienna and reports from the meeting. Meanwhile, Linn Energy had a heck of a May, single-handedly pulling off two agreements to sell nearly $845 million. And, EOG Resources and private-equity provider The Carlyle Group recent inked a $400 million joint venture to develop oil and gas wells in Ellis County, Okla.

Sources:

• Reports: OPEC To Extend Production Cuts For Nine Months

• Linn Energy Sells California Acreage, Bringing May Divestitures To $844 Million
• EOG Resources, Carlyle Group's JV Targets Oklahoma Marmaton