Responding to the UK vote to leave the European Union, Oil & Gas UK said the offshore oil and gas industry is “at a critical juncture.” In a statement issued June 24, the trade association said, “We need to ensure the UK Continental Shelf continues to attract investment and be seen as a great place […]

Mike Hinson has been tasked with leading Midland, Tex.-based Parsley Energy Inc.’s newly established corporate development department, taking the role of vice-president, corporate development effective July 1. Source: News

ExxonMobil Corp. has started construction on the planned expansion of hydrocracking operations at subsidiary Esso Nederland BV’s 191,000-b/d refinery in Rotterdam, Zuid-Holland, Netherlands. Source: News

The light, sweet oil prices for August and September delivery each climbed nearly $1/bbl to settle above $50/bbl on June 23. Separately, Britain voters decided to exit the European Union, prompting David Cameron to announce plans to resign as UK Prime Minister. Source: News

A proposed Vancouver, Wash., rail-to-marine crude oil terminal poses such serious fire, landslide, and spill risks that the state’s Energy Facility Site Evaluation Council (EFSEC) should not certify it without more safety and environmental safeguards, Washington’s Department of Natural Resources said. Source: News