Controversy over marketing of last year’s nuclear deal has revived senseless assertions that Iran has no moderates. Source: News

A comprehensive environmental analysis of 23 offshore oil and gas platforms operating on the US Outer Continental Shelf off Southern California found no significant impact from the use of well stimulation treatments there, the US Bureau of Safety and Environmental Enforcement and the Bureau of Ocean Energy Management jointly reported. Source: News

The overall US rig count heads into the Memorial Day weekend unchanged compared with the week-ago total, a sign that the US drilling segment could finally be stabilizing. Source: News

Mubadala Petroleum and Occidental Petroleum Corp. have withdrawn from Tatweer Petroleum, a joint venture formed in 2009 to redevelop Bahrain oil field, according to press reports. Source: News

Mid-Con Energy Partners LP, Dallas, through its wholly owned subsidiary Mid-Con Energy Properties LLC, reported that it has entered into a definitive agreement to sell oil and natural gas assets in the Hugoton area for $18 million. The assets are being acquired by an undisclosed and unaffiliated buyer. Source: News

US retail gasoline prices averaged $2.32/gal on May 23, a 47¢/gal drop from the same time last year, and the lowest average price just before the Memorial Day holiday weekend since 2009, according to the US Energy Information Administration. Source: News