Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth.

For the six months of 2019 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,352 thousand boe per day, which is 2.8% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due to change in terms of the external limitations of Russian companies' production volumes.

Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance announced.

U.S. Rig Count is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 3 rigs from last week to 140, with oil rigs up 3 to 94 and gas rigs unchanged at 46.

Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

Russia expressed its readiness to cooperate with Turkey in its oil and gas explorations in the eastern Mediterranean.

Turkey has made continuous efforts to protect its sovereign rights and the rights of Turkish Cypriots in the Eastern Mediterranean region, where it has been drilling in its exclusive economic zone (EEZ), which was registered with the United Nations in 2004.

The new cost estimate of $60 billion for the refinery was given to Saudi Arabia’s energy minister Khalid al-Falih at a meeting with Indian Oil Minister Dharmendra Pradhan last month in New Delhi, said the four sources familiar with the talks between the two ministers.

The worldwide rig count for July 2019 was 2,238, up 17 from the 2,221 counted in June 2019, and down 13 from the 2,251 counted in July 2018.

Exxon Mobil Corporation announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier.

Exxon Mobil Corporation announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier.

Accounting net income excluding non-recurring factors was US$ 1.3 billion and operating cash flow reached US$ 5.2 billion. Advances in pre-salt exploration, with lower lifting cost (US$ 6/boe) and better quality of oil, allowed adjusted EBITDA per barrel of oil equivalent (boe) in the exploration & production (E&P) business to reach US$ 33.50 in 2Q19 against US$ 29.50 last year, despite the drop in average Brent oil prices from US$ 71.0 to US$ 68.8.

ADNOC Distribution today reported that its first-half 2019 net profit increased by 4.3 percent, to AED1.173 billion, compared with the same period last year.

U.S. Rig Count is down 4 rigs from last week to 942, with oil rigs down 6 to 770, gas rigs up 2 to 171, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 10 rigs from last week to 137, with oil rigs up 6 to 91 and gas rigs up 4 to 46.

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced net income attributable to common shares for second quarter 2019 of $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018.