Production rates remain below normal levels at CVR Refining LP subsidiary Coffeyville Resources Refining & Marketing LLC’s (CRRM) 115,000-b/d refinery at Coffeyville, Kan., amid an ongoing outage on Magellan Midstream Partners LP’s 8-in. refined products pipeline. Source: News
MARKET WATCH: Oil prices drop on New York, London markets
Light, sweet crude prices for August and September delivery each dropped more than $1.50/bbl on the New York market June 30, reversing the previous day’s gains in a volatile week for commodity prices. The downward momentum continued in early July 1 trading. Source: News
Milton named ExxonMobil vice-president, fuels unit president
Bryan Milton is expected to be appointed by ExxonMobil Corp.’s board as a vice-president with the company as well as president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co. He has served as president of ExxonMobil Global Services Co. since 2011. Source: News
Milton named ExxonMobil vice-president, fuels unit president
Bryan Milton is expected to be appointed by ExxonMobil Corp.’s board as a vice-president with the company as well as president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co. He has served as president of ExxonMobil Global Services Co. since 2011. Source: News
Johan Sverdrup riser platform construction begins in South Korea
Statoil ASA said construction has begun at the Samsung Heavy Industries yard in South Korea on the riser platform for the Johan Sverdrup development in the North Sea. Source: News
Johan Sverdrup riser platform construction begins in South Korea
Statoil ASA said construction has begun at the Samsung Heavy Industries yard in South Korea on the riser platform for the Johan Sverdrup development in the North Sea. Source: News
Israel-Turkey link lifts offshore-gas hope
Rapprochement between Israel and Turkey lowers one of many hurdles to development of giant Leviathan natural gas field and other deepwater discoveries in the eastern Mediterranean. Source: News
Israel-Turkey link lifts offshore-gas hope
Rapprochement between Israel and Turkey lowers one of many hurdles to development of giant Leviathan natural gas field and other deepwater discoveries in the eastern Mediterranean. Source: News
North American leaders seek methane cuts
Leaders of Canada, Mexico, and the US have agreed to pursue cuts in methane emissions from oil and gas operations of 40-45% by 2025. Source: News
Stone Energy cancels contract for Ensco 8503 rig
Stone Energy Corp., Lafayette, La., has agreed with Ensco PLC to cancel the contract for the Ensco 8503 dynamically positioned deepwater drilling rig that was operating in the deepwater Gulf of Mexico. Source: News