Petrobras, CNPC mull partnership to revive Comperj refinery project

Petrobras and CNPC subsidiary China National Petroleum Corp. International signed a heads of agreement to advance negotiations for formation of a strategic partnership to complete the previously stalled 150,000-b/d Comperj refining complex in Itaboraí, in the state of Rio de Janeiro. Source: News


Sumitomo acquires tight oil producing asset in Eagle Ford

Summit Discovery Resources II LLC (SDRII), a subsidiary of Sumitomo Corp., has agreed to acquire certain producing Eagle Ford assets from IOG Gonzales 1835 LLC, Dallas, an entity managed by IOG Capital LP, Covington Equity Investments LLC, and 1836 Resources LLC. Source: News


EIA: US crude stockpiles increase 1.2 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased 1.2 million bbl for the week ended June 29, according to US Energy Information Administration data. EIA released the Weekly Petroleum Status Report a day later than normal because of the US Independence Day holiday on July 4. Source: News