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Nigerian parliament opens debate on PIB
Nigeria’s House of Representatives opened debate Wednesday on the long-stalled Petroleum Industry Bill, PIB, expected to overhaul the country’s oil industry | SweetCrude
FLNG market to attract $47bn in 5 years
UK-based energy business consultants, Douglas Westwood, says in a report that the fastly-evolving floating liquefied natural gas, FLNG, market could attract as much as $47.4 billion in investment over the next five years | SweetCrude
Australia: APPEA “diappointed” by offshore acreage cash bidding
The Australian Petroleum Production and Exploration Association has stated that it is “disappointed” by the Federal Government’s announcement that it will introduce cash bidding as a basis for awarding offshore exploration acreage in “mature areas” | Gas Today
‘Nigeria has highest rate of oil spill in the world’
HE Nigerian Senate has disclosed that Nigeria has the highest number of oil spill incidences among oil producing countries in the world with no penalty regime attached to such oil spills | SweetCrude
Brent crude steadies as Middle East tensions escalate
Brent crude held steady above $109 per barrel on Thursday as Israeli strikes against the Gaza Strip renewed worries about supply disruption, while a weak global economic outlook kept gains in check | Upstream Online
BP PLC said Thursday it is in advanced discussions with the U.S. Department of Justice on a deal that would resolve all criminal charges and claims by the Securities and Exchange Commission in connection with 2010's deadly Deepwater Horizon accident and oil spill | Wall Street Journal
Kenya urges E Africa oil producers to collaborate rather than compete
Kenya wants countries in the region to increase collaboration in infrastructure development and financing in order to bring newly discovered resources to market, delegates attending an energy conference in Nairobi heard the week ending November 16 | Platts
Heritage Oil provides interim management statement
Acquisition of OML 30 (as defined below) in Nigeria was successfully completed in November 2012 | Oil Voice
Raffles spuds Romanian well
Singapore’s Raffles Energy has spudded the Musenita-1 exploration well on the Suceava concession in Romania | Upstream Online
Oil Minister: $30bn investment needed in Iran's oil, gas industries annually
Minister of Oil Rostam Ghassemi says $150 billion should be invested in the oil and gas industries in the Five-Year Economic Development Plan, so $30 billion should be invested in the sector annually on the average | EINews
TRANSACTIONS
Subsea 7 lands Martin Linge SURF gig
France's Total has awarded UK-based Subsea 7 an $800 million subsea, umbilical, riser and flowline contract on its Martin Linge development in the North Sea, off Norway | Upstream Online
Shell hands Technip framework agreement
French engineering company Technip has been awarded a framework agreement covering Shell’s offshore assets in the Asia Pacific region | Upstream Online
ARTICLES
Royal Dutch Shell Plc strong global gas demand underpin Shell's integrated gas strategy
THE HAGUE, the Netherlands, November 14, 2012 /PRNewswire/ --Royal Dutch Shell plc ("Shell") (NYSE: RDS.A)(NYSE: RDS.B) hosted a management day with investors today, focusing on global gas and Asia Pacific Upstream. Outlining Shell's global gas strategy, CEO Peter Voser said: "Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated Gas earnings have more than trebled in the last five years, reaching $9 billion over the last year, driven by liquefied natural gas ("LNG") and gas-to-liquids ("GTL"), and we see growth opportunities to invest over $20 billion here for 2012-15." | Oil & Gas News
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
Variable Buzzard field production dismays traders
Joel Hanley, Platts associate editorial director for EMEA crude oil and dirty products, and Olivier Lejeune, EMEA oil editor, discuss the recent production problems at the UK's largest oil field, Buzzard, which have had a large impact on Brent futures and North Sea physical crude prices | Platts
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