Monday, June 18, 2012

TOP NEWS PICK : JUNE 18, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Russian oil firms warned of large flaring fines 
Russia’s new resources minister has warned the country’s oil companies they are facing fines of hundreds of millions of dollars for polluting the atmosphere with excess amounts of flared gas | Upstream Online

Japan's LNG demand could reach 88.7 million mt by 2020: report 
Japan's annual LNG demand is estimated to reach 82.4 million mt in 2012, up from 80.1 million mt in 2011, and could reach 88.7 million mt by 2020 if nuclear power is not restarted, a report published by Oxford Institute for Energy studies said Friday | Platts

Shell selling three onshore Nigeria oil blocks 
Shell's Nigeria operation is working on selling three oil blocks in its latest move to divest some onshore assets, a spokesman said on Friday according to a report | Upstream Online

Air quality concerns raised as gas compressor stations multiply 
The number of natural gas compressor stations planned for Northeast Pennsylvania is multiplying as companies lay more pipelines to carry Marcellus Shale gas to customers | The Times-Tribune

East Africa: U.S., Geothermal Firms Partner to
Provide Energy in East Africa 
Washington — The U.S. Agency for International Development (USAID) and the U.S. Geothermal Energy Association signed an agreement June 14 to develop geothermal resources in East Africa | All Africa

Rosneft and ExxonMobil sign agreement 
Rosneft and ExxonMobil agreed to expand and accelerate joint efforts to develop tight oil in shale formations with low permeability at several Western Siberian oil fields | Oil Voice

Chesapeake Energy Corp. to name new chairman this coming week 
Chesapeake Energy Corp. is less than a week away from a historic leadership change | Bloomberg

Las Vegas plugging into solar energy 
A 25-acre solar panel project is being built by the City of Las Vegas next to the Water Pollution Control Facility on the east side of town | LasVegasSun

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