National Iranian Oil Co. (NIOC) and Eni SPA of Italy signed a memorandum of understanding for Eni to study the feasibility of developing Kish gas field and Darquain oil field, the Iranian Oil Ministry’s official website SHANA reported June 20. Source: News

The Adelaide duo of Beach Energy Ltd. and Cooper Energy Ltd. has successfully completed a five-well campaign in Callawonga oil field in PPL220 in the South Australian Cooper-Eromanga basins. Source: News

Zhenhai Refining & Chemical Co. (ZRCC), a subsidiary of China Petroleum & Chemical Corp. (Sinopec), and Linde AG have formed a €145-million joint venture to boost industrial gas supplies to local petrochemical, steel, and electronics customers operating in the Ningbo Chemical Industrial Zone in eastern China’s Zhejiang province. Source: News

Six US senators expressed concern over Russian oil company Rosneft PJSC possibly taking control of Citgo Petroleum Corp. if its owner, Petroleos de Venezuela SA (PDVSA), defaults on two major financial obligations. Source: News

Ukraine has made significant progress in reforming its energy systems after Russian gas giant Gazprom cut off its supplies in 2014 after the country missed a payment, but continued international support will be essential for it to continue improving its production and transportation systems, speakers agreed at a June 19 Atlantic Council forum. Source: […]

Light, sweet crude oil prices on the New York Mercantile Exchange fell to a new 2017 low in early June 20 trading, which analysts attributed to lingering doubts about major oil producers’ ability to reduce world oil supplies with production-cut targets as promised. Source: News

Berry Petroleum Co. LLC, Bakersfield, Calif., now an independent wholly-owned subsidiary of Berry Petroleum Corp. after it split from previous owner Linn Energy Inc. earlier this year, has appointed executive leadership and expanded its asset base. Source: News