Friday, March 30, 2012

TOP NEWS PICK : MARCH 30, 2012

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Brent rises towards $123 
Brent crude rose towards $123 on Friday as investors bet on a tighter gasoline market in the world's largest oil consumer during the peak summer driving season and on persistent worries of a supply disruption in the Middle East | Upstream Online

US: Senate rejects ‘Big Oil’ tax breaks, scrambles for answer to high gas prices
WASHINGTON, March 29 (UPI) -- As the U.S. Senate voted 51-47 against a bill that would remove billions of dollars in oil company tax breaks, members of the Senate Committee on Energy and Natural Resources pressed a panel of experts on the nation's rising gas prices | UPI

Norway: NPD widens 2012 APA offerings 
The Norwegian Petroleum Directorate (NPD) has expanded the acreage on on offer in the Awards in Predefined Areas (APA) round for 2012 by 48 blocks | Upstream Online

Eaton gets U.S. grant to cut fuel cell costs 
The U.S. Department of Energy is giving $2 million to auto supplier Eaton to help reduce the cost of advanced fuel cell systems | Freep

In Wake of Protests, India Confirms Commitment to Boosting Nuclear Power 
Prime Minister Manmohan Singh took his moment at the podium at the Nuclear Security Summit in Seoul this week to reassert India’s commitment to nuclear energy | Time

Nigeria: NNPC Announces Plans to Rehabilitate Refineries 
Enugu — The Nigerian National Petroleum Corporation (NNPC) says it has concluded plans to holistically rehabilitate the three refineries in the country | Vanguard

Pemex teams up with Wild Well Control 
Mexico's state oil monopoly Pemex signed a contract with a company specialising in oil spill clean ups to boost its safety controls as it plunges into exploration of deep waters in the Gulf of Mexico | Upstream Online

Players place bids on Uruguay blocks 
Nine companies have submitted 19 bids to explore for oil off the coast of energy-poor Uruguay, according to the nation’s state-energy company | Upstream Online

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