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US to become world leader in oil and gas thanks to fracking
The United States will leapfrog Saudi Arabia and Russia to become the world's biggest producer of oil and gas in the next five years as the controversial practice of "fracking" for hydrocarbons contained in shale rocks has enabled the country to increase production massively, according to an authoritative new report | The Independent
NNPC GMD sues for concerted effort in domestic gas utilization
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, has urged members of the National Association of Petroleum Explorationist, NAPE, to collaborate with the Corporation in enhancing domestic gas utilization in tandem with the gas revolution programme of the Federal Government | SweetCrude
Oil dips on 'fiscal cliff' worries
Oil slipped in choppy trading on Monday, as markets balanced concerns about US fiscal problems against geopolitical tensions and strong oil demand in China | Upstream Online
Investments in Sub-Saharan Africa oil sector to grow in 2013 – ECA
Energy and Corporate Africa has noted that in the face of global economic instability, indications are that sub-Saharan Africa will continue to garner economic growth, especially given the 5.8% growth projection by the International Monetary Fund, IMF, for 2012 | SweetCrude
Afren PLC provides interim management statement
Afren continues with record financial results in 2012 driven by the year-on-year increase in net production from the Ebok and Okoro fields, offshore Nigeria | Oil Voice
Oil price for Indian basket rises to USD 106.09/bbl
The international crude oil price for Indian Basket as published by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry ofPetroleum and Natural Gas increased to USD 106.09/barrel (bbl) on Nov. 09, 2012 | Myiris
ConocoPhillips has started drilling the second well in a five-well exploration campain in the Greater Poseidon area of Western Australia’s Browse basin | Upstream Online
Nigeria Oil wells: 7 states to refund N17.5bn to Rivers State
As the controversy over the ownership of some wells between Rivers and Bayelsa States, continues unabated, seven states have been ordered by the Federal Government to refund N17.5 billion to Rivers State | SweetCrude
Mobil deploys workers, equipment to contain fresh oil spill
MOBIL Producing Nigeria Unlimited has deployed its men and equipment to tackle an oil spill at its operations in Ibeno, Akwa Ibom State | SweetCrude
AUDIO
China to expand refinery capacity; Canada getting cold feet over CNOOC-Nexen deal?
Platts news director Thomas Hogue and senior writer Song Yen Ling , discuss China's ongoing Communist Party Congress, their plans to expand refinery capacity, as well as the latest with the CNOOC-Nexen deal | Platts
TRANSACTIONS
Technip scoops second Angola gig
Technip has been awarded an engineering, procurement, construction and commissioning (EPIC) contract by a subsidiary of fellow French company Total for the second phase of the Girassol Resources Initiatives development project off Angola | Upstream Online
ExxonMobil, Sintana sign farmout agreement for Colombian unconventional resources
Patriot Energy Oil & Gas Inc., a wholly-owned subsidiary of Sintana Energy Inc. (TSX-V: SNN), has entered into a Farmout Agreement with Exxon Mobil Corp. (NYSE: XOM) subsidiary ExxonMobil Exploration Colombia Ltd. for the exploration and development of unconventional oil and gas resources underlying the 43,000 acre VMM-37 Block in Colombia's Middle Magdalena Basin | Oil and Gas Financial Journal
BP awards first contracts for deepwater oil & gas project
BP announced today it has awarded the first contracts for Project 20K™, a multi-year initiative to develop next-generation systems and tools to help unlock the next frontier of deepwater oil and gas resources, currently beyond the reach of today’s technology | PennEnergy
ARTICLES
U.S. oil and gas industry could be key to economic recovery
There are many tough challenges facing our nation. America’s oil and natural gas industry could play a large role in solving many of them if we committed to more domestic energy production. Home-grown American energy could raise investment in the United States’ economy by hundreds of billions of dollars, create vast numbers of jobs, generate billions of dollars to the government, and increase our global security | WashingtonTimes
Chevron’s Damaged Crude Oil Unit Undergoes Repairs, But Is It Enough?
RICHMOND (KCBS)— The damaged crude oil unit that exploded in flames at Chevron’s Richmond refinery last August is now undergoing repairs, but the work is being done under close scrutiny | CBS
BHP greets the shale revolution
Prepare for superlatives if you talk to BHP Billiton, the world's biggest miner, about the shale energy revolution. "This is absolutely stupendous," says Mike Yeager, chief executive of its petroleum division and a 35-year energy industry veteran. "This is the biggest thing that has happened in my career." For once, the company line could be an understatement. The shift taking place in the energy industry is of a scale to rival anything seen in several decades, say industry watchers. As one puts it: first there was nuclear, then China's growth explosion - and now shale | BusinessDay
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