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Petronas Aims to Create Thousands of Jobs in Canadian Gas Industry
Malaysia's state-backed Petronas – which received the regulatory nod from the Canadian government to buy Progress Energy Resources Corp on Dec. 7 – is aiming to create "thousands" of jobs in the Canadian natural gas industry, as it pours billions of investment dollars into developing its newly-acquired assets | Rigzone
Canadian P.M. vows to block further Chinese ownership in oil sands
Canada's prime minister said Monday it's "extremely unlikely" his government will allow any more foreign takeovers in the oil sands sector by state-owned companies | CBSNews
Protesting workers shut Chevron Nigeria’s EGTL plant
Protesting workers have shut down Chevron Nigeria-operated multi-billion naira Escravos-Gas-To-Liquid, EGTL, project in Warri South-West Local Government Area of Delta State, South-south Nigeria | SweetCrude
Petrobras borrowing to hit $25bn
Brazil's state-led oil company Petrobras will borrow $25 billion in 2012, 56% more than the average $16 billion a year outlined in its 2012-2016 investment plan, as it seeks to finance expansion in the face of sluggish oil output and fuel-sale losses, a company finance official said Monday | Upstream Online
CNOOC-Nexen deal 'nowhere near done'
CNOOC Ltd still has some significant hurdles to clear before it can go ahead with its high-profile takeover of Nexen, even after the Chinese giant secured the blessing of Canadian regulators | Upstream Online
EU to fund Guyana micro hydro-power system
GEORGETOWN, Guyana, Monday December 10, 2012 – The Guyana government says construction of a multi-million dollar European Union funded micro-hydro power system at Chiung Water Fall in Kato will begin next year | Caribbean360
PETALING JAYA: Petroliam Nasional Bhd (Petronas) is expected to almost triple its international unconventional gas reserves to one billion barrels of oil equivalent (boe) after the takeover of Canada's Progress Energy Resources Corp | The Star
India to add 30,000 MW of renewable energy by 2017: Abdullah
New Delhi, Dec 10 — A target of adding about 30,000 MW from various renewable energy sources has been fixed for the 12th Plan period (2012-17), parliament was informed Monday | IndiaDailyNews
Nigeria’s new electricity tariff draining industries’ profit
Industries across Nigeria have started feeling the negative impact of the new electricity tariff which they say have been eroding their profit margin as operating cost have risen by 440 percent since the new tariff was introduced in June this year by Nigeria Electricity Regulatory Commission, NERC | SweetCrude
TRANSACTIONS
Noble Corporation announces sale of two jackups for $79 million
ZUG, Switzerland, Dec. 10, 2012 /PRNewswire/ -- Noble Corporation (NYSE: NE) today reported that it has entered into two separate Definitive Agreements for the sale of two standard jackup drilling units. | YourOil&GasNews
OMV signs up Kan Tan IV for NZ well
Austria’s OMV has contracted the Frigstad Offshore managed semi-submersible drilling rig Kan Tan IV for its drilling campaign off New Zealand next year | Upstream Online
VIDEO
Impact on Oil Markets of Potential End of Chavez Reign?
Platts Global Director of News John Kingston on Venezuelan President Hugo Chavez announcing he has cancer again | Fox Business
AUDIO
UK's energy future takes shape with Energy Bill and Gas Strategy
Jillian Ambrose , associate editor for Platts European Power Daily, takes a look at the impact of the UK's long-awaited Energy Bill presented to parliament November 29, and the accompanying Gas Strategy published one week later | Platts
ARTICLES
With a natural gas tax, everyone can benefit
Every once in awhile, one of those economic policy dogfights comes along that involves huge sums of money and pits one powerful industry against another | Washington Post
Shale gas is not a game changer
Shale gas is not a game changer in the UK, a Government adviser has said, as a new report warns production will disrupt communities and risk water supplies | Telegraph
U.K. Dash for Shale Gas a Test for Global Fracking
The starting gun has sounded for the United Kingdom's "dash for gas," as the media here have dubbed it | National Geographic
Two Thirds Of The World’s Top Corporations Have Set Emissions Reduction Targets Or Renewable Energy Goals
Last year, $260 billion was invested in clean energy globally, marking the one trillionth dollar put into the sector since 2004 and the first time that clean energy saw more investment than fossil fuels | ThinkProgress
State grapples with new oil, gas groundwater monitoring rules
As state oil and gas regulators struggled Monday to understand whether Northern Colorado groundwater has ever been contaminated by energy development, the energy industry is asking the state to make groundwater testing rules in Northern Colorado less stringent than in the rest of the state | Colorado
First Stage of ‘America’s Natural Gas Highway’ Completed
While in other news we read domestic energy security is dependent on quickly creating far more potent electric vehicles, moves are also underway to exploit America’s natural gas reserves | EnergyTribune
Calculating a Cuban-style Transition in Venezuela
The cancer of Venezuela’s Hugo Chávez has relapsed and the popular leader has endorsed Vice President and Foreign Minister Nicolas Maduro as his successor and heir to the socialist revolution, a game-changing confirmation delivered over the weekend by the Comandante himself | Energy Tribune
China Has Plenty of Shale Gas, But It Will Be Hard to Mine
The country aims to use computer simulations to overcome significant challenges in extracting shale gas | Technology Review
Fracking Seen Robbing OPEC of Gasoline Pricing Power
The success of American drillers in coaxing fossil fuels from shale rockhas the potential to boost production so much that it may deny OPEC the power to set global oil and gasoline prices, an intelligence advisory panel concluded | EnergyTribune
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