Well it’s not quite that dramatic, but Houston was passed over as host of the 2017 World Petroleum Congress in favor of Istanbul, Turkey. The Texas energy capital hosted the event in 1987 and nearly won the honors for the 2014 event, narrowly losing out to Moscow. [Houston Business Journal]

Eni drilled a successful appraisal well offshore Australia that indicates the Evans Shoal gas field contains at least 8Tcf of raw gas in place. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, some 300 km northwest of Darwin. The partners in the NT/P48 joint venture are Eni Australia Ltd (32.5%), Shell (32.5% and Operator), Petronas Carigali (Australia) Pty Ltd (25%) and Osaka Gas Australia Pty Ltd (10%). Eni operates the Evans Shoal North well on behalf of the joint venture. [Eni]

US ethanol output reached its highest level in over a year according to EIA data that showed production of 897,000 b/d last week. Additionally, the total weekly volume of gasoline produced fell 205,000 b/d to 9.13 million b/d. [Platts]