Unipetrol secures long-term crude supplies for Litvinov refinery

Unipetrol RPA SRO, the marketing arm of Unipetrol AS, and parent company Polski Koncern Naftowy SA (PKN Orlen) have signed separate agreements with OJSC Rosneft Oil Co. and PJSC Tatneft to supply Russian crude oil through mid-2019 to subsidiary Ceska Rafinerska AS’s 5.4 million-tpy refinery in Litvinov, Czech Republic. Source: News


McCollum returns to post of Halliburton chief financial officer

Mark McCollum will resume his role as executive vice-president and chief financial officer of Halliburton Co. effective immediately. He’ll continue to report to Dave Lesar, chairman and chief executive officer, and will remain a member of the company’s executive committee. Source: News


Libya’s NOC rival leaders reach unification agreement

The chairman of Libya’s National Oil Corp. and his counterpart appointed by the government in Bayda agreed to unify the state company under a single management in an attempt to end a conflict about who controls Libya’s crude oil exports and oil revenues. Source: News


Delek Group to drill Tamar-8 well offshore Israel

Delek Drilling LP and operator Noble Energy Mediterranean Ltd. have announced that the Tamar-8 development well will spud in this year’s fourth quarter with 4 months planned for drilling, completion, and tie back. The well is 100 km west of Haifa offshore Israel in 1,670 m of water. Tamar-8 will target Miocene Tamar sands and […]


MARKET WATCH: Oil prices rise modestly on New York, London markets

Light, sweet crude prices for August delivery gained modestly in light trading on the New York market July 1 before trading was closed July 4 for Independence Day holiday weekend in the US. Prices fell to under $48/bbl in early July 5 trading. Source: News


Chevron, partners finalize $37-billion investment for Tengiz oil field

Chevron Corp. affiliate Tengizchevroil (TCO) will proceed with development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP) to increase crude oil production at Kazakhstan’s Tengiz oil field by 260,000 b/d. Source: News