Saipem has appointed Giulio Bozzini as chief financial and strategy officer. Currently head of planning and control at Eni SPA, Bozzini previously worked in numerous managerial roles for Saipem SPA. Source: News

Eni Portugal BV let a contract to Saipem SPA for the Saipem 12000 ultradeepwater drillship, which will operate offshore Portugal starting in this year’s third quarter. Source: News

The light, sweet crude oil contract for July delivery settled at $50.56/bbl, down 67¢ on June 9 after having reached above $51/bbl earlier in the week. Source: News

The Baltim SW-1 exploration well in the Baltim South development lease of the East Nile Delta reached a total depth of 3,750 m in 25 m of water, encountering 62 m of net gas pay in high-quality Messinian sandstones, partners Eni SPA and BP PLC reported. Source: News

Continuing lower crude oil and natural gas prices could make many Middle Eastern and Central Asian producing countries’ governments consider serious institutional reforms, speakers at a Washington forum generally agreed.   Source: News

The US House unanimously approved an amended federal pipeline safety bill that included changes from bills two of its committees approved in late April and sent the reworked measure back to the Senate for further consideration. The Senate unanimously passed the original version in late March. Source: News

The US House approved HR 4775 by 234 to 177 votes, largely along party lines, as Republicans said the measure would give states more time to implement federal ozone limits, and Democrats argued that it would gut the Clean Air Act. Source: News

Sembcorp Marine AS said it has delivered the high-specification Maersk Highlander jack up drilling rig to Maersk Higher UK Ltd. Source: News