Wednesday, May 16, 2012

TOP NEWS PICK : MAY 16, 2012

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Gulf of Mexico site chosen for first US floating LNG plant 
Excelerate Energy LP, Houston, will develop the first US floating natural gas liquefaction plant for Port Lavaca, between Galveston and Corpus Christi, Tex. The Lavaca Bay LNG project will be designed to export LNG by 2017 | Oil & Gas Journal

SSE produces record renewables output 
Scottish & Southern Energy’s retail business suffered last year, absorbing rising wholesale prices before an 18 per cent rise in household gas prices last September | Financial Times

India seeks shale gas supplies from US 
New Delhi, May 16 : India is looking at the possibility of importing liquefied shale gas from the US, as part of efforts to look at alternative sources to meet its energy security needs | NewKerala

Oil down, ECB move on Greece drags after U.S. data 
NEW YORK (Reuters) - Crude oil futures fell on Wednesday as a report that the European Central Bank stopped monetary policy operations to some Greek banks sparked further risk aversion | Reuters

Nigeria: Our demand for resource(control) is non negotiable – Dickson 
16 May 2012, Sweetcrude, Yenagoa - The Ijaw nation yesterday converged at Kaiama in the Kolokuma-Opokuma local government area of Bayelsa State to commemorate this year Isaac Day celebration insisting that there is no going back on what it described as its legitimate clamour for true federalism and resource control | Sweetcrude

Obama challenges oil companies to drill existing leases 
WASHINGTON – The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle | FuelFix

India to reduce Iran oil imports 
NEW DELHI, May 16 (UPI) -- India said it will reduce crude oil imports from Iran this year by 11.1 percent | UPI
Study Documenting Engine Failures Requires EPA to Reconsider Increasing Ethanol in Gasoline 
WASHINGTON, May 16, 2012 /PRNewswire via COMTEX/ -- American Fuel & Petrochemical Manufacturers President Charles T. Drevna issued the following statement in response to a Coordinating Research Council report issued today on the organization's extensive testing of higher ethanol blends in vehicles that the Environmental Protection Agency says can handle such blends | MarketWatch

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