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Nigeria: Mixed reactions trail emergence of successful bidders for PHCN
firms
MIXED reactions have trailed announcement earlier this week of the successsful companies that won the technical and financial bid for the eleven Power Holding Company of Nigeria, PHCN, distribution companies, DISCOs | Sweet Crude
Bond is back for Rosneft
Rosneft is set to launch a
delayed 20 billion rouble ($650 million) bond issue to finance its proposed
takeover of rival Russian producer TNK-BP, a banking source was reported as
saying on Friday | Upstream Online
Pakistan, India discuss energy cooperation
Pakistan and India comprehensively discussed avenues for energy cooperation, including trans-regional projects, notably Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project | Oil & Gas Eurasia
First oil nears for Kazakhstan's supergiant field
The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea | Oil & Gas Eurasia
Explosion halts Iranian gas flow to Turkey
ISTANBUL, October 19 – The gas
flow on a pipeline carrying Iranian natural gas to Turkey was halted due to an
explosion in eastern Turkey late on Thursday which also wounded soldiers in a
passing military vehicle, Turkish government and energy officials said | Financial Times
BAGHDAD - At a recent meeting
of American government and private sector leaders in Baghdad, a top ExxonMobil
official foreshadowed his company's impending exit from southern Iraq | Iraq Oil Report
Oil slips but losses curtailed after Canada-US pipeline shuts
Oil prices fell on Thursday on
the approaching restart of a North Sea oilfield and weak US jobless claims
data, but losses pared after news a pipeline carrying Canadian crude oil to the
US had shut, Reuters stated | Upstream Online
Fuel queues caused by misinformation, mischief – PENGASSAN
THE Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, said Thursday the incessant fuel queues in the country were a result of panic buying due to deliberate misinformation | Sweet Crude
AUDIO
Are position limits necessary? The CFTC and the energy industry have
different viewpoints
Since the Dodd-Frank act was
signed into law in 2010, energy market participants have been bracing for
federal position limits to be imposed on commodity markets for the first time.
On October 12, the first phase of the limits was to begin, but a US district
court judge threw out the CFTC rule on position limits at the end of September. John Kingston and Brian Scheid explain the US Commodity Futures
Trading Commission's controversial position limits rule, what the CFTC is
expected to do next, and how the ruling could effect energy markets | Platts
Analyzing China and Japan's recent dispute in the East China Sea
Featuring Vandana Hari, Thomas
Hogue, and Song Yen Ling
October 18, 2012 13:00 EST
(10:43 mins)
ARTICLES
In Russia, Finding Oil Was the
Easy Part
The great natural wealth of Russia has long been a magnet for Western businesses that see the pot of gold over the rainbow and figure that somehow they’ll find the path there. That hasn’t always gone so well | Oil & Gas Eurasia
Nigeria’s Oil and Gas Fiasco
Violence is a daily occurrence
in Nigeria, and the oil industry in the Niger Delta hasn’t been spared either.
Nigeria is the largest oil producer in Africa and has the ninth largest proven
natural gas reserves in the world. Oil accounts for 95% of its export income
and 40% of its government revenues. The sector currently produces about 2.13
million barrels per day (bbl/d), though it has the capacity to produce over 3
million bbl/d, if it weren’t for this nightmarish scenario (Energy Information
Agency) | Business Insider
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