Oil prices ease as market shrugs off Turkey coup bid. Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support. Brent crude futures fell 36 cents to $47.25 a barrel by 1131 GMT, while U.S. crude futures were 31 cents lower at $45.64 a barrel. [Reuters]
Pipeline leak near Exxon Mobil’s Baytown Plant. A pipeline leak of a highly flammable chemical outside an ExxonMobil plant in Baytown prompted the evacuation of nearby residents Sunday morning, along with a shelter-in-place warning that extended into the afternoon. [Chron.com]
Two Oil Shipments Delayed At Libya’s Hariga Port. Protests over unpaid salaries from a unit of the Libyan Petroleum Facilities Guard have caused a delay of two shipments of crude oil from the country’s eastern port of Hariga. [Oilprice]
Saudi Arabia Plans Shipbuilding Complex to Support Oil Exports.
Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said Sunday. [Bloomberg]
Iran pushes ahead with South Pars’ projects ahead of 2018 deadline. With ambitious gas production and export targets set for the next few years, Iran continues to focus on the development of the South Pars gas field. The world’s largest gas deposit is central to Tehran’s energy sector plans. Simon Watkins reports. [Oilpro]
Sembcorp Delivers Noble Lloyd Noble. The World’s Largest Jack-up Rig Ultra high-specification harsh environment rig is also the first of its kind to fully comply with both Norwegian and UK regulatory standards Singapore. [Sembcorp]
Oil Search Receives Superior Proposal. nterOil Corp. has notified Oil Search Ltd that it has received what the InterOil Board has determined constitutes a ‘Superior Proposal’ from Exxon Mobil Corp., Oil Search’s co-venturer in, and operator of, the PNG LNG Project.. [Oilpro]
SBM Offshore and Petrobras Cut Deal. Cash payment by SBM Offshore totalling US$162.8 million, of which US$149.2 million will go to Petrobras, US$6.8 million to the MPF and US$6.8 million to the Council of Control of Financial Activities (Conselho de Controle de Atividades Financeiras – “COAF”). [SBM Offshore N.V.]
EnQuest To Sell Kraken, Maybe. EnQuest is holding discussions with Delek Group Ltd for the potential sale by EnQuest to one of Delek’s subsidiaries of an interest in the Kraken development. [Oilpro]
HHI Delivers Largest Semi. Hyundai Heavy Industries delivered Ocean Greatwhite, the world’s largest semisubmersible drilling rig, to Diamond Offshore on July 15. [Oilpro]