Asia’s top refiner Sinopec Corp. declared that it has processed 86.9 million tonnes of crude oil, or 3.5 million barrels per day, in the first half of this year, up 1.82 percent from a year earlier. For full story, click here
Essar Oil has aimed to surge the share of heavy crude at its Vadinar refinery in western India to about 75 percent of the oil it processes from 70 percent. For full story, click here
Petronet LNG, India’s leading liquefied natural gas importer, will sign an agreement to purchase 1.5 million tonnes of LNG from Australia in August. For full story, click here
China National Offshore Oil Corporation has planned to build three Daqing-equivalent oil and gas output bases through intensifying its efforts on offshore oil and gas exploration and development, Zhou Shouwei, the company’s deputy general manager. For full story, click here
Indian Oil Corporation Ltd will purchase oil from Cairn India’s Rajasthan field at a discounted price to Nigerian Bonny Light crude. For full story, click here
For as long as there has been oil drilling in Ventura County, there have been oil spills. Despite recent changes in the regulation of oil companies, nearly $1 million in fines for spilling oil into creeks, and mandated upgrades to old and corroded pipes, oil spills continue. For full story, click here
Workers removed a chunk of the trans-Alaska oil pipeline Saturday and replaced it with equipment that will help detect corrosion. For full story, click here
A fresh force majeure and an overhang of August cargoes kept Nigerian crude oil differentials under pressure on Friday. For full story, click here
French oil company Perenco is abandoning its facilities in Ecuador amid a dispute with the country’s government over alleged tax arrears. For full story, click here
Colombia’s June crude oil output surged to an average 660,000 barrels a day from 585,000 barrels a day in the same month last year. For full story, click here
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