Gazprom Neft PJSC reported the start of exploratory drilling on the Ayashsky block in the Sea of Okhotsk by Japan Drilling Co. Ltd.’s Hakuryu-5 semisubmersible drilling rig. Source: News

Eni SPA and JSC KazMunayGas (KMG) have agreed to renew Eni’s 50% share of subsoil use rights for exploration and production on Isatay block in the Caspian Sea. The initial agreement was signed 3 years ago. Source: News

Pemex Transformación Industrial (PTI), the processing arm of Mexico’s state-owned Petroleos Mexicanos SA, is working to restart its 330,000-b/d Antonio Dovali Jaime refinery in Salina Cruz, Oaxaca, by the end of July following the plant’s complete shutdown in the wake of a June fire caused by flooding from Tropical Storm Calvin. Source: News

Newly formed private Perth company Tanami Energy Pty. Ltd. has emerged as the buyer of fellow Perth company Tap Oil Ltd.’s 20% interest in the undeveloped Amulet oil discovery in Carnarvon basin licence WA-8-L offshore Western Australia. Source: News

According to monthly statistics from the American Petroleum Institute, total US petroleum deliveries in May moved up 4.9% from May 2016 to average 20.1 million b/d. These were the highest May deliveries in 10 years and the highest deliveries for any months in more than 9 years. Source: News

The light, sweet crude oil price for August delivery on the New York Mercantile Exchange gained modestly but stayed below $43/bbl on June 22. It was the second consecutive settlement under that price. The US oil benchmark price climbed again in early June 23 trading. Source: News