Royal Dutch Shell PLC subsidiary Shell Nederland Raffinaderij BV’s 404,000-b/d Pernis refinery and integrated petrochemical production site in Rotterdam, the Netherlands, will remain shut down for at least 2 weeks for repair work  following a July 29 power outage that caused an explosion and fire at the site. Source: News

BP PLC reported a second-quarter replacement cost profit of $550 million compared with a loss of $2.25 billion for second-quarter 2016. Its first-half profit was $1.97 billion compared with a loss of $2.73 billion in first-half 2016. Source: News

Tesoro Corp. and Tesoro Logistics LP have changed their names Andeavor and Andeavor Logistics LP, respectively. Source: News

China National Offshore Oil Corp. Ltd. (CNOOC) said production has begun from the BD gas-condensate field in Indonesia’s Madura Strait. Source: News

Hydrocarbon production in the second quarter for Italy’s Eni SPA increased 3.3% from a year earlier, driven by recent project startups. The performance was partly offset by production cuts by the Organization of Petroleum Exporting Countries and mature field declines. Source: News

US crude oil prices settled above $50/bbl for the first time in about 2 months on July 31, which analysts attributed to a combination of issues including a sharply lower US oil inventory for the week ended July 21. Source: News