Monday, August 6, 2012

TOP NEWS PICK : AUGUST 06, 2012

Developments in International Oil & Gas | Energy | Extractive Industries

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New ISO 26000 to stop oil spills in Niger-Delta 
THE Standard Organisation of Nigeria, SON, says the new ISO 26000 will stop oil spills in the Niger Delta region as it hinted of its plans to introduce guidelines for Corporate Social Responsibility, CSR | SweetCrude

Syria reaches oil deal with ally Russia 
Syria has reached an agreement with ally Russia to secure much-needed fuel as a delegation of ministers sent by President Bashar al-Assad asked Moscow to help alleviate the effects of sanctions on the war-torn country | OilandGasEurasia

Weapons maker Lockheed builds submarine for oil rigs 
(Reuters) - Lockheed Martin Corp is already the Pentagon's biggest supplier and the largest information technology provider for the U.S. federal government, but now it is turning its sights on a $1 billion niche market in the oil and gas industry | Reuters

Heritage Oil in $370m rights issue 
Heritage Oil has launched a $370m rights issue to help fund its move into Nigeria, as the London-listed explorer’s interim loss widened more than fivefold | Financial Times

Rosneft and ITERA Group close deal to create joint venture to produce and sell gas 
Rosneft and ITERA Group have closed a deal to create a joint venture on the basis of ITERA Oil and Gas Company to produce and sell gas in line with the terms of a strategic cooperation agreement signed on 28 February 2012. | Oil Voice

Nigeria, Jamaica to Resume Oil, Gas Trade 
Nigeria and Jamaica would re-visit their interests in the multi-million dollars oil and gas trade with a view to boosting bilateral ties in the trade of the commodities which was first suspended in 1993 by the military regime of the late General Sani Abacha | Thisday

Falkland Oil & Gas hails ‘transformational’ deal 
Shares in Falkland Oil & Gas jumped by up to 17 per cent in early trading after the Aim-quoted explorer signed an investment deal worth up to $230 million (£147m) with American firm Noble Energy | Scotsman

Rosneft puts up cash for Itera JV 
Rosneft has revealed that it is paying $173.4 million to Itera Oil & Gas, as well as contributing Russian gas field licences, as the pair closed a deal on Monday to form a new joint venture for gas exploitation and marketing | UpstreamOnline

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