Tangguh LNG partners reach FID for expansion in Indonesia

Partners in the Tangguh production-sharing contract have taken a final investment decision (FID) for development of the Tangguh LNG expansion project in the Papua Barat province of Indonesia. Source: News


Kansas refinery remains at reduced rates

Production rates remain below normal levels at CVR Refining LP subsidiary Coffeyville Resources Refining & Marketing LLC’s (CRRM) 115,000-b/d refinery at Coffeyville, Kan., amid an ongoing outage on Magellan Midstream Partners LP’s 8-in. refined products pipeline. Source: News


MARKET WATCH: Oil prices drop on New York, London markets

Light, sweet crude prices for August and September delivery each dropped more than $1.50/bbl on the New York market June 30, reversing the previous day’s gains in a volatile week for commodity prices. The downward momentum continued in early July 1 trading. Source: News