State Oil Co. of Azerbaijan Republic (SOCAR) has let a contract to Amec Foster Wheeler (AFW) for work related to the ongoing modernization and expansion of the Heydar Aliyev refinery at Baku in Azerbaijan. Source: News

Swift Energy Co. has completed financial restructuring and emerged from voluntary bankruptcy after completing the sale of 75% of its interests in South Bearhead Creek and Burr Ferry oil fields in central Louisiana. Source: News

Richard Alan Morgan has joined Bell Geospace Inc., Houston, as senior geoscientist. Source: News

Pavel Federov has been named first vice-president for economics and finance at OJSC Rosneft. Source: News

Public-sector refining firms Indian Oil Corp. Ltd. (IOC), Bharat Petroleum Corp. Ltd. (BPC), and Hindustan Petroleum Corp. Ltd. (HPC) are advancing a previously announced plan to jointly invest in construction of a grassroots 60 million-tonne/year integrated refining and petrochemical complex in India’s Maharashtra state. Source: News

Light, sweet crude prices for June delivery dropped $1/bbl on Apr. 25 after Genscape Inc. released a report showing oil inventories in Cushing, Okla., storage tanks recently increased by an estimated 1.5 million bbl. Source: News

CNOOC Ltd. started oil production from Panyu 11-5 field in the Pearl River Mouth basin of the South China Sea. Source: News

Reduced dependence by Saudi Arabia on revenue from oil is among targets of sweeping economic reform outlined Apr. 25 by Deputy Crown Prince Mohammad bin Salman. Source: News