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Exxon Mobil Corp. is close to settling on a source of gas to expand its $15.8 billion liquefied natural gas export project in Papua New Guinea, according to a quarterly report released Tuesday by its junior partner, Oil Search Ltd | Law360
Criminal charges haunt Indonesia’s oil industry
The detention of four executives of PT Chevron Pacific Indonesia (CPI), the subsidiary of American energy giant Chevron Corp, by the Attorney General’s Office (AGO) has shocked oil and gas industry players operating in the country. They deem the AGO’s move as exacerbating the gloomy investment climate facing the industry | Jakarta Post
Bashir to visit South Sudan
Sudan's President Omar Hassan Bashir will visit South Sudan soon, his first trip since the south gained independence last year, to forge a new start in relations, Sudan's Foreign Minister Ali Ahmed Karti told the state news agency over the weekend | Upstream Online
HSBC hires head of oil and gas in Europe
Paul Connolly is set to join HSBC as head of oil and gas for Europe, the Middle East and Africa. Until this month he had been in a similar role at Australian bank Macquarie. He will join HSBC after a period of gardening leave | Financial News
Reports filtering into Enugu,among PHCN workers, indicate fresh obstacles to speedy progress and conclusion of the newly resumed talks between them and the Federal government on what eventaully becomes their pension benefit, following the ongoing privatization | SweetCrude
Egypt imports gas to meet its exportation requirements
The Ministry of Petroleum and Natural Resources concluded a deal with Algeria to increase the quantity of imported gas by 50 per cent. Despite a domestic gas crisis, Egypt will be importing gas, in order to export it to other countries | DailyNewsEgypt
Articles
Nigeria: Deficits With Benchmark Surpluses - Profligacy or Sabotage?
The debate on the appropriate crude oil price benchmark for the 2013 budget has lately attracted numerous interests in the National Assembly as well as in the media. The government's Economic Management Team (EMT) has stoutly defended the adoption of $75/barrel as proposed benchmark for crude oil sales | Vanguard
Shale gas transforming US economy
The wonders of US shale gas continue to amaze. We receive fresh evidence by the day that swathes of America's industry have acquired a massive and lasting advantage in energy costs over global rivals, demolishing assumptions about US economic decline | Businessday
The U.S.-EU Green Energy Divide
A report backed by Greenpeace and the European Renewable Energy Council finds the European Union could generate trillions of dollars in fuel savings by looking beyond goals mandated for 2020. Campaigners said greater investments for things like wind and solar power, coupled with a slow move away from things like coal, could make the region nearly carbon-free by 2050. On the other side of the Atlantic, however, officials have expressed reservations about being forced into a low-carbon economy, highlighting the green divide among western powers | Oil Price
Why Raising Taxes on the Oil & Gas Industry is a Bad Idea
It is difficult to imagine a more controversial and politically exploited issue than taxes, especially with respect to the oil and natural-gas industry. During the Presidential Debate, Pres. Obama claimed that it would help the economy if the government were to end the energy industry’s “corporate welfare.” What analysts, experts and pundits alike fail to mention, or perhaps understand, is the fact that the energy industry does not receive any special tax treatments at all | Forbes
Featured Video/ Audio
Top 250 Energy Company Rankings analysis
Featuring Richard Swann, Ross McCracken, and Robert Perkins
Richard Swann, Ross McCracken, & Robert Perkins take an in-depth look at Platts Top 250 rankings for 2012 and explain how record average crude prices have seen the oil & gas sector extend its dominance of the world’s top energy companies; the disparate fortunes of gas, coal and power utilities & producers across each region; & how Asian & Russian companies dominate where return on invested capital (ROIC) is concerned | Platts
Analyzing China and Japan's recent dispute in the East China Sea
Featuring Vandana Hari, Thomas Hogue, and Song Yen Ling
Why are Japan and China fighting over what is essentially a group of uninhabited islets and barren rocks in the East China Sea? Platts' Vandana Hari, Thomas Hogue, and Song Yen Ling investigate, as well as examine how the dispute is affecting the oil markets in the rest of Asia | Platts
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