The light, sweet crude oil price for September continued dropping on the New York market July 28 to settle at $41.14/bbl—the contract’s lowest front-month closing since Apr. 19. The contract has fallen in eight of the last nine trading sessions. Source: News

Serica Energy PLC of London said Erskine field oil and gas production resumed July 27 following clearance of a blockage on a condensate pipeline and also on completion of scheduled maintenance works on the Lomond platform. Source: News

UK’s Oil and Gas Authority (OGA) has launched the 29th offshore licensing round, making available 1,261 blocks for bid on the UK Continental Shelf (UKCS). Firms have until Oct. 26 to apply for blocks. Source: News

The American Fuel & Petrochemical Manufacturers questioned whether it would be appropriate for the US Securities and Exchange Commission to mandate disclosure requirements for environmental, social, and governance matters, particularly related to climate change, for publicly traded companies. Source: News

Unipetrol AS is planning to return units hampered by extended shutdowns at its refining and petrochemical operations in the Czech Republic to full production rates by yearend. Source: News

Houston independent ConocoPhillips Co. reported a second-quarter net loss of $1.1 billion, down from a second-quarter 2015 net loss of $179 million. Source: News

The US Bureau of Land Management is completing conversion of its oil and gas drilling permit application system to a fully online process and expects to complete the change by yearend, the US Department of the Interior agency reported. Source: News