Qatar Petroleum has entered into an agreement with ExxonMobil Corp. to become a 30% equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licenses for seven blocks in the world-class Vaca Muerta play in Argentina’s onshore Neuquen basin. Source: News

Tap Oil Ltd., Perth, reported a success with its Manora-8ST1 appraisal well offshore Gulf of Thailand while continuing to stave off a takeover of the company by Singapore company Risco Energy Invesments (SEA) Ltd. Source: News

Officials from the American Petroleum Institute, Natural Gas Supply Association, and eight other national energy business groups strongly criticized ongoing Trump administration plans to keep otherwise failing coal-fired and nuclear power plants open ostensibly to assure electricity service will remain reliable nationwide. Source: News

Western oil men well know that Russian petroleum taxes are quite heavy and generally not profit-related. But what are the specifics behind those taxes? Source: News

From Canada comes a new twist on the proverbial win-win deal. A controversial pipeline wins governmental support, and pipeline opponents win a strategic victory. Source: News

Certain dates last week, according to the American Oil & Gas Historical Society (AOGHS) (www.aoghs.org), have marked many important milestones in the history of the oil and gas industry. Source: News

Light, sweet crude oil prices fell by more than $1/bbl on the New York market June 1 while the Brent contract for August delivery fell nearly 80¢/bbl. Analysts attributed the price drops to increased US oil production. Source: News