Monday, July 9, 2012

TOP NEWS PICK : JULY 09, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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World rig count up 4.4% in June
The worldwide rig count rose 4.4% last month, with the largest increases being seen in Canada and the Middle East, where Iraq’s rigs were included for the first time in more than 20 years | Upstream Online

Nigeria woos Turkey on development of its steel sector
09 July 2012, Sweetcrude, ABUJA -NIGERIA’s Minister of State for Trade and Investment, Dr. Samuel Ortom, has invited the Turkish government and businessmen to invest in the exploitation of opportunities in its steel sector | SweetCrude

Norway faces oil output shutdown as pension talks fail
Oil and gas production in Norway will be shut down from Tuesday because of a dispute over pensions, a government minister has confirmed | BBC News

Brent climbs to $99 on Norway fears
Brent crude oil climbed to around $99 a barrel on Monday as lack of progress in Norwegian labour talks stoked worries of a full production shutdown and hopes emerged China would ease monetary policy | Upstream Online

Libya restarts crude exports
Three major oil exporting terminals in eastern Libya shut down by political protests have restarted, and production blocked by the move has resumed, the chairman of Libya's National Oil Corporation (NOC) | Upstream Online

New Total tax bill to $196.6m
The cost for Total of a one-off tax on oil inventories included in France's amended 2012 budget bill will be between €140 million ($172.3 million) and €160 million ($196.6 million), the chief executive of the French oil major said on Saturday | Upstream Online

China to invest USD 20bn to develop two Iranian oil fields: Qasemi 
Iran's Oil Minister Rostam Qasemi says China has agreed to invest USD20 billion in developing north and south Azadegan and Yadavaran oil fields which will finally produce 700,000 barrels per day (bpd) of crude oil | PressTV

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