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Iran: Oil would go over $250 if exports banned
Iran's Foreign Ministry believes that if the West seriously considered blocking Tehran's ability to export oil, the global price of crude would more than double, Foreign Ministry spokesman Ramin Mehmanparast was quoted as saying on Sunday | China Economic Net
China to open its first FLNG facility
Forecasts show that Floating Liquefied Natural Gas (FLNG) will contribute to one tenth of global LNG regasification capacity by 2015 | The Pipeline
Brent crude rises over $1 on Iran supply risk
SINGAPORE, Dec 5 (Reuters) - Brent crude futures rose more than a dollar to over $111 a barrel on Monday, as rising tensions between Iran and the West increased the risk of crude shipments being disrupted from the world's fifth-largest oil exporter | Reuters
Reliance Power Gets ADB Loan to Help Fund Clean-Energy Project
Reliance Power Ltd. (RPWR), controlled by Indian billionaire Anil Ambani, obtained a loan of as much as $48 million from the Asian Development Bank to help finance a clean-energy project | Bloomberg
Gulfsands reviews Syria operations
London listed Gulfsands Petroleum is “reviewing” its operations in Syria in the light of sanctions launched against the nation by the European Union on Thursday | Upstream Online
Nigeria Minister Highlights Importance of Gas to Economic Growth
The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has said that Nigeria’s oil and gas sector faces a new dawn as it moves to the next level of its development | Thisday
Solar Energy Will Supply One-Third of Global Energy by 2060
A new study by the IEA predicts that solar energy from solar energy photovoltaics, concentrating solar power and solar thermal hot water will account for one-third of overall global energy consumption by 2060 | Reve
Aveon Offshore grabs $50m Ofon deal
Nigeria’s Aveon Offshore has scooped a $50 million contract for the fabrication of components on Total’s LQ platform at Ofon 2 off eastern Nigeria | Upstream Online
Oil demand to reach over 109 mbpd in 2035: UAE
DOHA - Mohammed bin Dhaen Al Hamili, Minister of Energy, has stressed UAE’s commitment to maintain and strengthen its role as a major oil and gas producer, highlighting that oil will continue playing a prominent role in the global energy for many decades to come | Khaleej Times
Analysts predict 10% hike in global E&P spend
Global energy exploration and production spending is set to rise by 10% to $598 million in 2012, driven by higher oil prices, analysts have predicted | Upstream Online
Uganda Lawmakers to Reach Tullow Deal Soon
Key lawmakers in Uganda are confident that a deal will be reached later Monday to enable clearance for the delayed $2.93 billion sale of U.K.-based Tullow's assets in the country | Rigzone
OPEC Going Green
At the triennial World Petroleum Congress in Qatar, a handful of representatives from Middle Eastern OPEC nations have indicated that their countries are beginning to take steps to reduce their own dependence on oil due to the effects of carbon emissions on the earth’s atmosphere | 247Wallst
China in 'Sudan mediation bid'
China is to send an envoy to seek a compromise between Sudan and South Sudan over a fees dispute threatening oil supplies from the two recently separated countries, which are major crude suppliers to the big Asian economy | Upstream Online
Ghana, Ivory Coast border dispute looms if…
An oil dispute could break out between Ghana and neighboring Ivory Coast if immediate steps are not taken to redefine the boundaries between the two nations | JoyOnline
SA can be fuel cell leader - Anglo CEO
South Africa has the potential to be a leader in the fuel cell industry through a technology partnership between government and the private sector, says Anglo American CEO Cynthia Carroll | Businesslive
India seeks greater share of Africa’s oil, gas
India said today that increased oil flow from Africa would go a long way in helping it meet its growing crude oil and gas demand | Sweetcrude
Gazprom under pressure to cut gas tariffs
Falling gas demand as a result of milder weather and the economic downturn in Europe will put pressure on Russian gas export monopoly Gazprom to reduce its tariffs, Russian energy investment bank Xenon Capital Partners said | Business Recorder
Iraq in talks with US over ExxonMobil deal
Iraq is in talks with the US about a dispute over exploration deals signed by supermajor ExxonMobil in Iraq's semi-autonomous Kurdish region without national government approval | Upstream Online
Global offshore wind market could be 80 GW by 2020
A report gives an in-depth analysis of the global offshore wind power market, covering three major regions: North America (the US and Canada), Europe (the UK, Germany, Denmark, the Netherlands, Sweden, Norway, Spain and Finland) and Asia-Pacific (China and Japan) | Windpowerengineering
Petrobras probed over Frade spill
Brazilian prosecutors are investigating the possible involvement of state-run oil company Petrobras in last month's oil spill at a field operated by US supermajor Chevron, off Brazil | Upstream Online
India Expects to Award Exploration Blocks by March
NEW DELHI -- India expects to award the oil and gas exploration blocks it auctioned earlier this year to successful bidders by March 2012, a senior oil ministry official said Monday | WSJ
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