Angus Energy PLC will gather more data to assess the commercial viability of Kimmeridge layers across the Weald basin in the UK following evidence of high-quality crude at Lidsey. Source: News

Global natural gas demand is expected to rise 1.4%/year between 2016 and 2040, with China leading the growth, according to a recent medium and long-term outlook for 2018 from Cedigaz, the International Association of Natural Gas, Paris. Source: News

State-owned Oil India Ltd. is testing a second natural gas discovery on NELP VI Block KG-ONN-2004/1 in Andhra Pradesh, India. Source: News

Petronas, through a contractor, has let a contract to John Wood Group PLC, Aberdeen, to provide engineering and equipment for a steam methane reformer as part of a new hydrogen production unit to be implemented at Petronas’ two-trained 270,000-b/d refinery complex in Sungai Udang, Melaka state, Malaysia. Source: News

ExxonMobil Corp. subsidiary Esso Exploration & Production Guyana Ltd. (EEPGL) has let contracts to SBM Offshore of Amsterdam for the front-end engineering and design of a second floating production, storage, and offloading vessel for the Liza development on the Stabroek block offshore Guyana. Source: News

Total SA has let a subsea contract for the field development of Zinia Phase 2 field offshore Angola. The contract to TechnipFMC covers the engineering, procurement, and construction of subsea equipment including 9 subsea tree units as well as wellheads, subsea control systems, connection systems, and associated equipment. Source: News

The light, sweet crude oil contract for August delivery fell modestly to settle just under $74/bbl on July 2 while Brent crude oil for September delivery fell by nearly $2 in London to settle above $77/bbl. Source: News