Riverstone Investment Group LLC will become a 50-50 partner with Kinder Morgan Inc. in the $500-million Utopia pipeline project in Ohio. Source: News

Petron Malaysia Refining & Marketing Bhd. has suspended operations at its 88,000-b/d Port Dickson refinery in the Malaysian state of Negeri Sembilan, about 90 km from Kuala Lumpur, following a late-June fire at the plant. Source: News

Saudi Aramco and Saudi Arabian Basic Industries Corp. (SABIC) plan to conduct a joint feasibility study for development of a fully integrated crude oil-to-chemicals complex in Saudi Arabia. Source: News

State-owned Qatar Petroleum will absorb the separate but also state-owned Qatar International Petroleum Marketing Co. Ltd. (Tasweeq) in a merger to be completed by yearend. Source: News

Crude oil prices on the New York and London markets continued their post-Brexit decline on June 27, falling more than $1 in a continued reaction to last week’s vote by Britain to leave the European Union. Source: News

Tesoro Corp. affiliate Tesoro Refining & Marketing Co. LLC has completed a deal with WBI Energy Inc., a subsidiary of MDU Resources Group Inc., Bismarck, ND, to become 100% owner of Dakota Prairie Refining LLC (DPR), the former MDU Resources-Calumet Specialty Products Partners LP joint venture that operates a 20,000-b/d diesel refinery near Dickinson, ND. […]

South Atlantic Holding, a joint venture of Statoil SA and Sinochem, is proceeding with the second phase of development of Peregrino heavy oil field offshore Brazil. Source: News