Developments in International Oil & Gas | Energy | Extractive Industries
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Crude oil surges on Israel-Gaza conflict
Oil prices have spiked as violence intensified in the Israel-Gaza conflict, sparking fresh concern about supplies from the crude-rich Middle East, and after a pre-weekend blast on an oil rig in the Gulf of Mexico | BPN
Nigeria’s PIB not competitive – Shell
THE Royal Dutch Shell says Nigeria’s Petroleum Industry Bill, PIB, awaiting passage into law at the National Assembly, is not competitive and hinted of the need for fresh investment to drive global oil production | SweetCrude
Sudan denies delaying south's oil exports
KHARTOUM/JUBA (Reuters) - Sudan and South Sudan have not yet agreed on how to demilitarize their border - a condition for resuming oil flows, Khartoum said on Monday, but denied it was deliberately delaying the economically vital trade | Chicago Tribune
MELBOURNE (Reuters) - Royal Dutch Shell may delay a final investment decision (FID) on its Arrow liquefied natural gas project in Australia as it considers feeding its gas into other LNG projects in the area due to rising costs, a newspaper reported on Tuesday | West Business
Kenya starts review of its oil and gas laws
A review of regulations in the oil and gas sector has left the government in a precarious position in its bid to attract investors | Daily Nation
U.S. Oil Boom Upends Nigerian Exports
A surge in unconventional U.S. energy production has been a boon for the world's largest oil-consuming economy, but it could come at a significant cost to Nigeria, which needs to find new buyers for its light, sweet crude as American demand tumbles | WallStreetJournal
TRANSACTIONS
CNOOC agrees to conditions for Nexen nod
China's state-owned CNOOC has accepted management and employment conditions set by the Canadian government to win approval for its C$15.1 billion (US$15.15 billion) takeover of Nexen, according to a Bloomberg report on Tuesday citing two people familiar with the matter | Upstream Online
Morocco solar plant secures 300-mln-euro loan
RABAT — Morocco's pioneering 160-megawatt solar power plant took a step forward on Monday, securing European financing agreements worth 300 million euros ($385 million), or nearly half of the project's cost | AFP
WestSide receives takeover bid
Australia’s WestSide Corporation halted trading in its shares on Tuesday after revealing it had received an indicative takeover proposal | Upstream Online
Statoil signs gas supply agreement
Norwegian company Statoil has signed a gas supply agreement with Germany’s Wintershall which will see it deliver more gas to the German and other north-west European markets | Upstream Online
ARTICLES
Obama's impact on oil, gas? Not much
Many fossil fuels companies fared better under President Obama than President Bush, because of lag effects. Even if he Obama pursues an energy policy hostile to oil or gas, its impact probably won't be felt for several years | CSMonitor
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