North Oil Co. (NOC) will take over operatorship of the giant Al-Shaheen oil field offshore Qatar for a 25-year period beginning July 14. Source: News

The number of global upstream projects reaching final investment decision (FID) could double to 25 in 2017 from 12 last year, research and consulting firm Wood Mackenzie Ltd. says in a new report. Source: News

Silverback Exploration II LLC, San Antonio, will “pursue organic development projects and strategic acquisitions in conventional and unconventional resource plays across the US” after securing a $500 million equity commitment from EnCap Investments LP, according to a news release. Source: News

Egdon Resources PLC, Odiham, UK, plans well interventions to boost production at small Fiskerton Airfield oil field in Lincolnshire after acquiring 100% interest from Cirque Energy (UK) Ltd., for $750,000 cash. Source: News

Light, sweet crude oil prices gained modestly on the New York market July 10 as did Brent prices on the London market, which analysts attributed to reports the Organization of Petroleum Exporting Countries might suggest Nigeria and Libya curb oil production. Source: News

A full or partial prohibition of Venezuelan crude oil imports as part of sanctions against that country’s government could harm US refiners, consumers, and the economy, American Fuel & Petrochemical Manufacturers Chet Thompson warned. Source: News

The Ohio Environmental Protection Agency’s (OEPA) director asked Atty. Gen. Michael DeWine (R) on July 7 to seek civil penalties against Rover Pipeline LLC for bentonite slurry and other discharges along the project’s route. Source: News