Monday, October 3, 2011

TOP NEWS PICK : OCTOBER 3, 2011

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TransCanada CEO says ‘market has spoken’ in favor of Keystone pipeline
 TransCanada CEO Russ Girling said Thursday that there’s clear demand for his company’s proposed 1,700-mile Keystone XL pipeline that would carry crude oil from Alberta’s oil sands to Gulf Coast refineries | The Hill

Shell Singapore plant resumes tanker berthing operations-source 
(Reuters) - Royal Dutch Shell resumed tanker berthing operations at its Singapore refinery this morning, a shipping source said on Sunday. The 500,000-barrels-per-day (bpd)refinery was hit by a fire on Wednesday that burned for nearly two days before it was put out on Friday | Reuters 

Southern chief warns over shale gas future 
The boom in the availability of cheap US shale gas may prove to be a temporary phenomenon, stifled by environmental concerns or a lack of infrastructure, the head of the largest US utility by market capitalisation has warned | Financial Times  

 Saudi Arabia Inaugurates First Solar Power Plant, SPA Says 
Saudi Arabia inaugurated its first solar power plant as the world’s largest oil exporter seeks to diversify energy sources, state-run Saudi Press Agency reported | Bloomberg


Iran talks oil swaps increase 
Iran is in talks to increase oil swap deals with its northern neighbours, oil ministry news agency Shana quoted the director of the state-run National Iranian Oil Company as saying over the weekend | Upstream online  

Cairn confirms Sri Lanka find 
Cairn India has confirmed the first hydrocarbon off the coast of Sri Lanka, in the nation’s Mannar basin, but says the discovery needs more exploration to determine its commercial viability | Upstream online  

Gazprom contemplates as Botas deal ends 
Russia's Gazprom is mulling new deals in Turkey after it received notification from Turkish state pipeline company Botas that it had decided to end a contract to buy 6 billion cubic metres of gas annually, a Gazprom source told Reuters on Sunday | Upstream Online  

MIT researchers develop artificial leaf that produces water, power 
Researchers from the Massachusetts Institute of Technology (MIT) have developed an artificial leaf that can convert sunlight into chemical fuel resembling the natural leaf’s function of converting light into energy through photosynthesis | AHN

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