Monday, April 2, 2012

TOP NEWS PICK : APRIL 2, 2012

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Nigeria: Ex-militants bomb five Agip oil wells 
WHILE Christians trooped to the churches to mark Palm Sunday in commemoration of the triumphant entry of Jesus Christ into Jerusalem, suspected ex-militants stormed the National Agip Oil Company (NAOC) with explosives and bombed five cluster oil wells belonging to the company | Sweetcrude

S.Africa Iranian oil imports soar in Feb 
JOHANNESBURG (Reuters) - South African crude oil importsfrom Iran leapt in February to $364 million from zero the preceding month, customs data showed on Monday, dashing the view that Pretoria has bowed to U.S. pressure to curb commercial links with Tehran | Reuters

Total ‘prepares Elgin return’ 
Total may put personnel onboard the Elgin platform as early as in the next few days as it mulls its options to kill a large gas leak, a report indicates | Upstream Online 

Nepal, India agree on new pricing for oil products, to sign agreement soon 
State-owned Nepal Oil Corp has reached agreement with India's state- owned Indian Oil Corp to renew their expiring five-year oil products supply agreement, a senior NOC official said Monday | Platts

Providence in £63.1 million placement 
Irish company Providence Resources will raise about £63.1 million ($101.3 million) through a placement of over a quarter of its current issued capital to fund work on the Barryroe drilling programme, among other projects | Upstream Online

Nigeria: C/River demands
N15.5bn from FG, A/Ibom over disputed oil wells 
01 April 2012, Sweetcrude, ABUJA -Cross River State is demanding a N15.5 billion compensation from the Federal and Akwa Ibom State governments over the 76 oil wells that originally belonged to it, which was transferred to Akwa Ibom State by the Revenue Mobilisation, Allocation and Fiscal Commission | Sweetcrude

Petronas eyeing $5bn Canadian asset 
Malaysian state-run company Petronas is looking at acquiring a Canadian gas asset for more than $5 billion, according to reports | Upstream Online

China targets Mongolia in SouthGobi move 
China’s largest aluminium producer intends to acquire SouthGobi Resources, a Mongolia-focused coal company listed in Toronto, for up to C$925m, in the biggest investment yet by a Chinese mining company in Mongolia as China seeks to tap the vast resources of its next-door neighbour | Financial Times

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