AWE Ltd., Sydney, has reclassified its 50% share of the 2P oil reserves in the Indonesian northwest Natuna Sea Ande Ande Lumut (AAL) development due to project delays, lower oil prices, and the potential sale of operator Santos Ltd’s 50% interest. Source: News

The Trump administration appears ready to retreat from its predecessors’ financial transparency commitments at a time when a strong US effort looks more essential than ever, a speaker asserted during an Aug. 8 discussion at the Carnegie Endowment for International Peace. Source: News

Neste Corp. will begin a 2-month planned maintenance turnaround starting in mid-August at its 3 million-tonne/year refinery in Naantali, Finland, that, once executed, will complete the company’s previously announced investment plan to integrate operations of its two Finnish refineries under uniform management. Source: News

Hibernia Energy III LLC, Houston, has received equity commitments of $250 million from NGP through NGP Natural Resources XII LP and will acquire and develop unconventional oil and gas properties in Texas. Source: News

US crude oil stockpiles are continuing on a downward trend that began during the spring. Source: News

The US Office of Natural Resources Revenue announced on Aug. 7 that it is repealing higher royalty rates for production of oil, gas, and coal on federal and Indian land that the Obama administration imposed on July 1, 2016. Source: News