Sonangol, Eni let contract for Luanda refinery upgrades

As part of its earlier cooperation agreement with state-owned Sonangol EP, Eni SPA has let a contract to a subsidiary of Maire Tecnimont SPA for an upgrading project involving installation of two new processing units as well as other utilities and offsites at Sonangol’s 65,000-b/d refinery in Luanda, Angola. Source: News

Santos confirms Dorado’s size with appraisal well

A joint venture of Santos Ltd. and Carnarvon Petroleum Ltd. has confirmed a “major” oil and gas discovery with the Dorado well, drilled in the Bedout subbasin about 160 km offshore Port Hedland, Western Australia. Source: News

NJ DEP rejects land use permit applications for pipeline

New Jersey’s Department of Environmental Protection rejected three land use permit applications for Transcontinental Gas Pipeline Co.’s (Transco) proposed interstate natural gas pipeline across the state on June 5. It also kept the door open for the Williams Cos. subsidiary to reapply for the permits. Source: News

Shell adds crude storage capacity at Bukom refinery

Royal Dutch Shell PLC has completed a project to expand crude oil storage capacity at its 500,000-b/d Pulau Bukom refinery on Bukom Island, Singapore. Part of Shell’s investment to enhance competitiveness of the refinery and meet growing demand in the Asia-Pacific region and beyond in the coming decades, addition of the two newly constructed crude […]

Iacono named interim CEO of CruzSur Energy

Serafino Iacono has been named interim chief executive officer of CruzSur Energy Corp., Vancouver, BC, after the resignations of several top company executives. Source: News

Daches named interim Lilis Energy CEO

Joe Daches, president and chief financial officer of Lilis Energy Inc., Houston, has been named interim chief executive officer following announcement of the retirement of Chairman and CEO Ron Ormand. Source: News

Gazprom, Shell forming Russian venture

Gazprom Neft and Royal Dutch Shell PLC have agreed to form a joint venture for development of oil and gas fields in the Yamalo-Nenets Autonomous Okrug of northwestern Russia. Source: News

MARKET: US oil benchmark falls under $52/bbl

Light, sweet oil for July fell $1.80 in New York June 5 to settle under $52/bbl while the Brent contract for August dropped $1.34 to settle under $61/bbl in London after a US government report showed US crude inventories at the highest since July 2017. Source: News

Sinopec, Novatek eye gas-marketing venture

Another Chinese national oil company is showing interest in Russian LNG projects. Sinopec signed a heads of agreement with Novatek and Gazprombank on formation of a joint venture to market LNG and natural gas to end-users in China. Source: News