Ocean Rig agrees to postpone delivery of Ocean Rig Crete

Ocean Rig UDW Inc. reported plans to delay taking delivery of an enhanced integrated design newbuild drillship, the Ocean Rig Crete, until September 2020 as agreed upon with Samsung Heavy Industries (SHI).  Source: News

MARKET WATCH: Oil prices climb on world crude supply concerns, geopolitics

Light, sweet crude oil prices reached a 3-year high on the New York market June 28, briefly climbing above $73.50/bbl, which analysts attributed to a steep decline in US crude supplies and US-Iranian tensions. The trading session ended with a $73.45/bbl settlement. Source: News

Syncrude Canada oil sands complex down

Production has been stopped at Syncrude Canada Ltd.’s Mildred Lake oil sands complex near Fort McMurray, Alta., because of a June 20 power outage that shut down all processing units, a spokesperson for the joint venture partners said. Source: News

WGC: Australia, US in line to meet Chinese LNG demand

Future incremental Chinese demand for LNG will be met first from Australia and next by expansions to already approved US plants, Hans Kristian Danielsen, DNV GL Oil & Gas sales director and vice-president for marketing, told Oil & Gas Journal at the World Gas Conference in Washington, DC. Source: News