The US Overseas Private Investment Corp., the Japan Bank for International Cooperation, and the Australian government have formed a trilateral partnership to invest in Indo-Pacific infrastructure projects. Officials from the three countries announced their plans on July 30 during the US Chamber of Commerce’s Indo-Pacific Business Forum. Source: News

The US Department of Energy issued a final rule aimed at expediting approval of small-scale natural gas exports. The July 26 Federal Register notice applied to gas and LNG exports to countries not having a free-trade agreement with the US of no more than 51.75 bcf/year, which qualify for a categorical exclusion under DOE’s National […]

Northern Oil & Gas Inc., Minneapolis, has agreed to acquire Williston basin assets from W Energy Partners, a Crestview Partners portfolio company, for $100 million in cash and 56.37 million shares of Northern common stock. The acquisition, the company said, is the largest in its history. Source: News

Pioneer Natural Resources Co., Dallas, has agreed to sell its West Panhandle field assets in Texas for $201 million to an undisclosed buyer. The assets include all of PNR’s producing wells and the associated systems. Net production from the field averaged 6,000 boe/d during this year’s first quarter. Source: News

Ratnagiri Refinery & Petrochemicals—a consortium of Indian Oil Corp. , Bharat Petroleum, and Hindustan Petroleum alongside overseas strategic partners Saudi Aramco and ADNOC—is moving ahead with a plan to set up a 60 million-tonne/year grassroots integrated refining and petrochemical complex at Babulwadi, Taluka Rajapur, in Ratnagiri District, Maharashtra, on India’s west coast. Source: News

Light, sweet crude oil contracts gained more than $1/bbl July 30 on the New York market, which analysts attributed to concerns about risks to world oil supply, including crude exports from Iran and Venezuela. Source: News