Total SA has closed on its acquisition of LNG assets from Engie SA for an overall enterprise value of $1.5 billion with possible further payments of $550 million if oil markets improve in the coming years. Source: News

Privately held JSC Antipinsky Refinery, the main production enterprise of JSC New Stream, Moscow, has completed a project to expand capacity of the atmospheric residue deep conversion unit (ARDCU) at its 9 million-tonne/year refinery in the Tyumen region of Western Siberia, Russia. Source: News

Light, sweet crude oil prices for August fell slightly but held above $70/bbl on the New York market July 12 while Brent crude for September delivery rose by more than $1/bbl on the London market after having dropped more than $5/bbl the previous day. Source: News

Rawson Oil & Gas Ltd., Sydney, plans an exploratory well 9 km south of a recent natural gas discovery by Beach Energy Ltd., Adelaide, in Australia’s onshore Otway basin. Source: News

The international rig count fell 8 units month-over-month to 959 in June from 967 rigs in May, and down 1 from 960 a year ago, according to Baker Hughes data. Source: News