Tuesday, March 6, 2012

TOP NEWS PICK : MARCH 6, 2012

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Nigeria plans new licensing round 
Exploration companies itching to have a stake in Nigeria’s oil sector and existing ones planning to expand their holdings will have the opportunity to do so before the end of the this year | SweetCrude

Crude oil near $107 
Crude oil settled just above $107 per barrel Monday in New York while traders kept an eye on Middle East tensions and economic data that would indicate demand | UPI.com

Shell Inks RMR Deal With AGR 
SHELL is continuing its successful relationship with AGR’S Riserless Mud Recovery system (RMR™) with a new USD 4.7m deal (NOK27m) | SeaDiscovery

Booming LNG Sector Lures New Funding Solutions 
The big opportunities in Australian oil and gas have created a gap that's being filled by a mix of agencies, writes Alexandra Cain | Rigzone

Dana's Strategic Approach to Internationalize Portfolio 
Africa and the Middle East are the two primary targets for Dana Petroleum as it seeks to further internationalize it's still-North Sea-centric business | Rigzone

Colombian utilities eye LNG import terminal to boost supplies: industry official 
Three Colombian electric power generators are together proposing a liquefied natural gas import terminal on Colombia's Pacific Coast to insure gas supplies to the country, a top industry official said Monday | Platts

Power: NIPPs to add 10,000MW to grid by 2014 
The Federal Government’s plan to attain over 7,000MW of electricity before the end of the year may be finally be possible with the planned injection of over 3,540 mega watts of electricity into the national grid through the National Integrated Power Projects, NIPP | SweetCrude

BP, plaintiffs reach Gulf of Mexico oil spill settlement 
BP will pay an estimated $7.8 billion to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill with attorneys representing thousands of individual plaintiffs and businesses on the eve of a major trial in a New Orleans federal court, the company said Friday night | Washington Post

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