Monday, July 30, 2012

TOP NEWS PICK : JUNE 30, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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Brent slips under $106, stimulus expectations fade 
LONDON (Reuters) - Brent crude oil fell under $106 a barrel on Monday, erasing early gains as hopes faded that the United States and Europe would soon announce measures to shore up their fragile economies, which could boost the outlook for oil demand | Reuters

Account for Oil revenue periodically … Anglican Bishop tells GNPC 
Yinka –Sarfo, has called for proper, systematic and transparent accounts of oil revenue by the Ghana National Petroleum Corporation (GNPC) to the Public Interest and Accountability Committee (PIAC) at least every three months | The Chronicle

Nigeria: Oil Firms Underpay FG U.S.$ 2.33 Billion 
Lagos — Nigeria Extractive Industry Transparency Initiative, NEITI, has disclosed that from its audit report between 2006 and 2008, the Nigerian National Petroleum Corporation, NNPC, received $3.789 billion as dividends from Nigeria Liquefied Natural Gas, NLNG, which it did not confirm that the payments were made to the Federation account | Vanguard

CNOOEC's Working Vessel Sunk Offshore Hong Kong during Rescue Operations 
China's CNOOC Engineering (CNOOEC) said on July 27, 2012, through a statement on its website that one of its working vessels – HYSY 699 – had sunk after it was hit by Typhoon Vicente | Rigzone

Analysts Cautious on Total after 2Q Results 
Analysts on Monday responded to Total's second quarter results with caution, after the French major reported Friday that 2Q earnings were smaller by nine percent at $3.7 billion | Rigzone

Tower increases Namibia block stake 
Tower Resources has entered an agreement with fellow London-listed company Arcadia Petroleum to double its stake in Block 0010, off Namibia | Upstream Online

Iran's oil minister to visit Turkey, meet officials 
(Reuters) - Iran is expected to try to revive demand for its oil in Turkey, its biggest European customer, this week when, according to Turkish energy ministry officials, its oil minister is to meet with Turkish officials in Ankara | Reuters

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