The US Bureau of Ocean Energy Management is trying to help identify issues that could arise as 27 offshore oil and gas platforms off southern California—all but three of which are in federal waters—are decommissioned, officials from the agency’s Pacific Region told members of BOEM’s Committee on Offshore Science and Assessment. Source: News

ExxonMobil Corp. has confirmed letting various turnkey and lease and operate contracts for the next phase of the Liza project offshore Guyana. Based on one of these contracts, SBM Offshore will construct, install, lease, and operate a floating production, storage, and offloading vessel. ExxonMobil recently completed the front-end engineering studies and the final investment decision […]

PT Intim Perkasa Nigeria Ltd., a subsidiary of PT Intim Perkasa, Jakarta, has indicated interest in building a refinery in Nigeria. The proposed 10,000-b/sd modular refinery would be built in Nigeria’s state of Akwa Ibom, Nigerian National Petroleum Corp. (NNPC) said. Source: News

Braskem America Inc., Philadelphia, a subsidiary of Braskem SA, Sao Paulo, is investing $675 million to build what will become North America’s largest polypropylene (PP) production line at the company’s existing manufacturing site in La Porte, Tex., about 26 miles outside of Houston. Source: News

The light, sweet crude oil price for July delivery on the New York Mercantile Exchange fell by nearly $1 to settle below $43/bbl on June 21 while Brent crude oil for August delivery fell more than $1 to reach below $45/bbl on the London market. Source: News