Friday, August 3, 2012

TOP NEWS PICK : AUGUST 03, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Carbon Trust Backs UK Fuel Cell Pioneers with £1.95 Million 
The UK government-backed Carbon Trust is to invest a further £1.95 million in a bid to reduce the cost of fuel cell technology | FuelCellToday

Tanzania: Ophir Strikes Again Offshore Tanzania 
Ophir Energy plc announced that the Papa-1 well has made the first Cretaceous gas discovery outboard of the Rufiji Delta in Block 3, offshore Tanzania and is the sixth consecutive discovery by Ophir offshore Tanzania | Rigzone

Ghana: Oil and Gas Capacity Development Project- Expression of Interest
The Government of the Republic of Ghana has received financing from the World Bank toward the cost of the Oil and Gas Capacity Project (OGCBP) | ReportOilandGas

Nigeria, Trinidad & Tobago seek closer energy ties 
 03 August 2012, Sweetcrude, HOUSTON - THE need for development of closer ties in the area of energy was high on the agenda during bilateral discussions between Nigeria’s President Goodluck and Prime Minister of the Republic of Trinidad and Tobago, Kamla Persad-Bissessar, in Port au Prince | SweetCrude

 OPEC daily basket price close at $103.07/b
03 August 2012, Sweetcrude, Vienna, Austria – The price of OPEC basket of twelve crudes stood at 103.07 dollars a barrel on Thursday, compared with $102.54 the previous day, according to OPEC Secretariat calculations | SweetCrude

Trade Organizations Announce Formation of Biofuel Producers Coordinating Council 
Eight biofuel industry organizations today announced the formation of the Biofuels Producers Coordinating Council to jointly advocate for national policy for increased energy security through domestic biofuel production | BusinessWire

Clinton urges Sudan, South Sudan to resolve oil row 
 US Secretary of State Hillary Clinton has visited South Sudan to urge the newly-independent state and Sudan to end an oil dispute that has brought the neighbors to the brink of war | UpstreamOnline

CNOOC in $1.6bn CBM deal 
China’s CNOOC is making a big splash in the domestic unconventionals market as it hatches an agreement with China United Coalbed Methane (CUCBM) | UpstreamOnline

Sainsbury’s UK solar rollout makes it Europe’s largest PV operator 
 Sainsbury’s has become the largest operator of solar PV across the UK and Europe after installing 16MW of capacity across 169 of its stores | SolarPowerPortal

NORWAY GAS-Flows to Britain fall sharply 
Aug 3 (Reuters) - Norwegian gas exports to Britain fell sharply on Friday as shipments across the Langeled pipeline, the main trading route across the North Sea, slowed to a trickle | Reuters

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