Monday, June 4, 2012

TOP NEWS PICK : JUNE 04, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Ghana: Energy Experts Hold Solar Power Workshop In KNUST 
The Kwame Nkrumah University of Science and Technology (KNUST) is hosting a 3- day International Solar Energy Workshop to equip Solar Energy experts across the world with more knowledge | BusinessGhana

Maersk drillship Gulf-bound 
An unnamed “major oil company” with operations in the Gulf of Mexico will take one of the four ultra deepwater drillships currently under construction for Maersk Drilling under a contract worth $610 million | Upstream Online

Cecon pursues new vessel plans 
Norwegian subsea contractor Cecon is pursuing alternative solutions for delivery of three oil and gas support vessels after engineering company SNC-Lavalin announced it would drop out of the Davie Joint Venture | Upstream Online

Italian government plans to amend 2010 offshore oil and gas drilling ban: senator 
The Italian government plans to revoke a 2010 ban on offshore oil and gas drilling, permitting companies to start drilling operations within a 12-mile limit off the coast in "environmentally protected areas," Italian Senator Francesco Ferrante said in a telephone interview | Platts

Iran oil minister says OPEC should maintain output ceiling at next meet: reports 
Iranian oil minister Rostam Ghasemi said that OPEC's second-biggest producer will seek to retain the current output ceiling of the oil producers' group at the upcoming June 14 meeting, according to local news reports Monday | Platts

China’s Easing Grip On Gas Opening Door To North America Exports 
Chinese consumers may buy natural gas at more than five times current U.S. futures prices as the government eases control over domestic costs, opening the world’s biggest energy market to more overseas sellers | Bloomberg

Energy efficiency to prove new focus for UAE's Oil and Gas industry 
Energy efficiency is set to become a new focus for the UAE's oil and gas industry, with an increase in exports as well as a growth in domestic consumption affecting the market | AMEinfo

Crude below $98 on weak data 
Brent crude prices traded below $100 for the second straight session on Monday, pressured by fears of a global economic slowdown following weak US and Chinese economic data | Upstream Online

13% derivation: A vote for control by producing communities 
03 June 2012, Sweetcrude, Port-Harcourt - Although it is the concensus in the Niger Delta that oil producing states are cursed for reason that they are exploited negligently and devastated for little or no gain, it is for the political class a hiding place, the grand excuse for building personal empires at the expense of their people | SweetCrude

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