Lower crude oil prices make it essential for Venezuela, Nigeria, and other producing countries to institute major reforms, two speakers agreed on June 2. But reduced revenue from plunging crude production also makes it harder to eliminate subsidies and to reduce social programs that citizens have come to expect, they said during a discussion at […]

Noble Energy Inc., Houston, reported it has received approval from the Petroleum Commissioner in the Ministry of National Infrastructure, Energy, and Water Resources for the development of the deepwater Leviathan field project offshore Israel. Source: News

Russia’s PJSC Gazprom Neft, St. Petersburg, has let a contract to NIPIgazpererabotka (Nipigaz) to serve as general contractor for a Euro+ combined refining unit (CRU) to be built as part of the ongoing modernization and upgrade of its 12.15 million-tonne/year Moscow refinery. Source: News

Anton Dibowitz has been appointed executive vice-president of Seadrill Management Ltd. He will continue to report to Chief Executive Officer Per Wullf. Source: News

As announced in February, Cooper Energy Ltd., Adelaide, has sold two Indonesian exploration permits to Mandala Energy Investment Pte. Ltd. for $9.07 million comprising sale consideration ($8.25 million) and reimbursement of exploration costs to completion, net of Indonesian transfer taxes. Source: News