Putin Reportedly Considers Selling $11bn Of Rosneft To China & India. Russian President Vladimir Putin is reportedly considering the sale of part of Rosneft to China and India. Two sources told Bloomberg that Russia has been in search of buyers for 19.5% of the state-run company. [Oilpro]
Amec Foster Wheeler Wins BP Iraq Contract. Amec Foster Wheeler has been awarded a three-year framework agreement by BP to complete conceptual studies and FEED work to support BP plans to sustain and grow production at the Rumaila oil field in Iraq. [Amec Foster Wheeler]
Low Oil Prices Fuel Reconsideration Of Petroleum Reserves. As the Energy Department completes its review of the SPR, the reserve’s existential question likely will get some attention. The results of the review — due out any day now — also will focus on theSPR’s aging infrastructure. [Oilpro, NPR]
Oil Prices Slip After Rally As Market Turns Cautious. Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union. [Reuters]
BOEM To Release Stricter Offshore Clean-Up Rules. The US Bureau of Ocean Energy Management (BOEM) is close to announcing new plans for ensuring that offshore oil and gas producers meet their financial liabilities when it comes to disposing of old rigs. [Splash 247, Oilpro]
Canada Struggles Over Its Role In The Future Energy World. Allen Brooks writes, “The future of the Canadian energy business is reaching a critical point in its history. Regulatory and market access for Canada’s oil and gas output will set the direction and pace of development for the country’s industry, and especially its service industry.” [Oilpro]
A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising. “Like an oil lease, you’re easily disposable,” the villainous J.R. Ewing quipped to his beauty queen wife in the 1970s television series Dallas. Readers of the latest edition of the Federal Reserve Bank of Dallas’s quarterly southwest economy publication might want to keep that quote in mind…[Bloomberg, Oilpro]
McDermott Awarded Multi-Year Offshore Installation Contract. Brunei Shell Petroleum Co. has awarded McDermott International Inc. further pipeline work for 2017 under a multi-year offshore installation contract. [Oilpro]
Mud, Glorious Mud- And What To Do With Those Cutting Piles. How to deal with drill cuttings piles as part of the decommissioning process has been a subject of study for some years. Meg Chesshyre examines how North West Hutton may show the way forward. [oedigital.com, Oilpro]
Japan’s May LNG Imports Down, Coal Up. Imports of LNG by the world’s largest consumer of the chilled fuel dropped 4 percent in May when compared to the same month a year ago, provisional data from Japan’s Ministry of Finance showed on Monday. [lngworldnews, Oilpro]
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