MARKET WATCH: US oil prices settle under $44/bbl pending inventory

The light, sweet crude oil price for July delivery on the New York Mercantile Exchange fell by nearly $1/bbl to settle at $43.23/bbl on June 20. US futures prices have fallen in four of the last five trading sessions to set a new 2017 low. Source: News


Statoil gets okay for Njord, Bauge developments

Statoil ASA has received government approval for its plans for development and operation for Njord field and the nearby Bauge discovery in the Norwegian Sea. Source: News


US Chamber refocuses, renames energy advocacy effort

On the 10th anniversary of the Institute for 21st Century Energy’s formation, the US Chamber of Commerce broadened its energy advocacy group’s focus and renamed it the Global Energy Institute. Source: News


S-Oil lets contract for Ulsan integrated complex

S-Oil Corp., Seoul, has let a contract to Lloyd’s Register Group Ltd. (LR), London, to provide a fully integrated risk-based inspection (RBI) system for its new $4.2-billion residue upgrading complex (RUC) and olefin downstream complex (ODC) under construction in Ulsan, South Korea. Source: News


National trade associations urge Senate to confirm FERC nominees

Twenty national trade associations, half of which are directly involved in oil and gas, called on US Senate leaders to schedule votes soon on the nominations of Neil Chatterjee and Robert Powelson to be Federal Energy Regulatory Commission members. Source: News