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BP sees growth in non-fossil fuel use
While global energy demand is expected to grow by almost 40% by 2030, non-fossil fuels will account for one-third of this growth, according to UK-based oil and gas giant BP. Nuclear energy will continue to play a significant role, with the Asia Pacific region seeing the greatest growth in its use | World Nuclear News
Crude oil holds above $100
NEW YORK, Jan. 19 (UPI) -- Crude oil prices held above $100 per barrel in New York Thursday after the American Petroleum Institute said U.S. inventories fell last week | UPI.com
Global oil and gas M&A faces tough 2012
LONDON, Jan 19 (Reuters) - Oil and gas company mergers and acquisitions rose in number but fell in total value in 2011 due to a decline in transactions topping $1 billon, according to an analysis of activity by global law firm Ernst & Young | Reuters
First oil for M&P at Sabanero
Maurel & Prom said on Thursday that production is online at three wells in Colombia’s Sabanero field | Upstreamonline
BP may double oil spill pay-out
BP may agree to pay up to
$25bn to settle all charges, including possible criminal charges, with the US government over the devastating Gulf of Mexico spill, according to an analyst at Morgan Stanley, double the figure the company has set aside | Financial Times
$25bn to settle all charges, including possible criminal charges, with the US government over the devastating Gulf of Mexico spill, according to an analyst at Morgan Stanley, double the figure the company has set aside | Financial Times
Canada looks at alternatives to nixed US pipeline
TORONTO – Canada is looking at alternatives for exporting its oil since U.S. President Barack Obama announced he was blocking a pipeline from Alberta to Texas | Associated Press
Cuba set to explore offshore as oil rig arrives
HAVANA – A huge drilling rig arrived Thursday in the warm Gulf waters north of Havana, where it will sink an exploratory well deep into the seabed, launching Cuba's dreams of striking it rich with offshore oil | Associated Press
Chevron halts search for missing workers
ABUJA, Nigeria, Jan. 19 (UPI) -- Chevron announced it has abandoned efforts to find two workers missing from a drilling rig collapsing off the coast of Nigeria | UPI.com
'Significant' amount of oil found in Ghana
DALLAS, Jan. 19 (UPI) -- There were "significant" quantities of oil encountered at a deep-water well off the coast of Ghana, an energy company in Texas announced | UPI.com
Nigeria paid for 24m litres of excess fuel daily in 2011
19 January 2012, Sweetcrude, ABUJA—The Ad-Hoc Committee of Nigeria’s House of Representatives investigating the management of goverment’s subsidy on Premium Motor Spirit (PMS) or petrol was told Wednesday that the government paid for 59 million litres of the product daily in 2011, an excess of 24 million litres on the country’s 35 million litres daily consumption | Sweetcrude
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