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Delays in crude oil exports from Nigeria persists
CRUDE oil export delays in Nigeria have prolonged, traders have said, a sign that a raft of recent output problems caused by oil theft and flooding are increasingly holding back supplies from Nigeria, Africa’s biggest producer | SweetCrude
Chevron seeks probe over Ecuador case
Chevron, the US oil group, has filed a complaint calling for an investigation of the comptroller of New York state, alleging that he acted improperly in urging the company to settle a $19bn claim for environmental damage in Ecuador | Financial Times
Brent rises on Mid East violence
Brent crude rose above $110 per barrel on Wednesday on fears of supply disruption from the Middle East as clashes raged between Palestinians and Israelis despite overnight truce talks | Upstream Online
Oil production begins at Nigeria’s Okoro offshore field
NIGERIA’s Okoro 14 field extension development well drilled by Afren and Amni International company have commenced oil production from the well, using the existing Okoro main field wellhead platform | SweetCrude
A record number of spot fixtures out of the Persian Gulf caused by winter demand have helped push the Asian VLCC rate for hauling crude into North Asia to the 50 Worldscale mark for first time since May. (See related chart: Chinese spot VLCC vs. Persian Gulf spot VLCC cargoes) | Platts
South China Sea: Beibu development nears completion
As the development operator, CNOOC has started a base programme using its subsidiary COSL’s jack-up rig HYSY 931 to drill 10 development wells. It is planned to complete and tie-in the A6 well drilled through the WZ 6-12 wellhead platform during the previous exploration campaign | Upstream Online
Tullow buys stake in offshore-Guinea block
UK’s Tullow Oil Plc entered into an agreement, Tuesday, with Hyperdynamics Corporation for the purchase of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow | SweetCrude
Reps summon NNPC over N7bn revenue shortfall
House of Representatives Committee on Public Accounts has resolved to summon the management of Nigerian National Petroleum Corporation, NNPC, to appear before it for seven consecutive days to explain the shortfall of N7 billion in government revenue from the corporation in 2006 | SweetCrude
Advocates want wind energy tax credits extended
A wind energy producer, labor unions and environmental groups joined political leaders Downtown on Monday to push for legislative changes that they say will strengthen the clean energy industry and jobs tied to it | RenewablesBiz
Omotosho plant to add 500mw to Nigeria’s power output
THE Management of Niger Delta Power Holding Company Limited, NDPHC, has assured Nigerians that Omotosho Power Plant Phase ll is ready to contribute additional 500 megawatts to the national grid by December | SweetCrude
TRANSACTIONS
South Africa announces 28 renewable energy projects
The South African Department of Energy has signed power purchase and project agreements with power producers to develop 28 renewable energy projects and bring an additional 1,400 megawatts to the country's power grid. The contracts have been called a "historic" move for the country looking to boost renewable energy sources, All Africa reported | PennEnergy
UGI to acquire BP’s LPG distribution business in Poland
UGI Corporation (NYSE: UGI) today announced that its subsidiary, Flaga GmbH, has reached a definitive agreement to acquire the liquefied petroleum gas (LPG) distribution business of BP in Poland | YO&GN
KBR to execute oil sands tailings management project for Syncrude Canada Ltd.
KBR (NYSE:KBR) announced today that it was awarded two contracts for Syncrude Canada Ltd. (Syncrude) to execute module fabrication and field construction for its Fluid Fine Tailings – Centrifuging Full Scale Plant (FFT-CFSP) in Fort McMurray, Alberta, Canada. Syncrude, which operates a surface mining oil sands plant in northeastern Alberta, is currently implementing a multi-pronged approach to manage tailings – the byproduct of the bitumen extraction process | YO&GN
Dialog, Halliburton enter $1.2B Bayan Field development deal
Malaysia’s Dialog Group announced it has entered into an agreement valued at $1.2 billion with Halliburton International (NYSE: HAL) to boost oil output from the Bayan Field, located offshore Bintulu, Sarawak | PennEnergy
ARTICLES
Streamlining development approvals: critical to clean energy success
Obtaining approvals for major renewable energy projects in a timely fashion is critical to the commercial success of a project – and indeed, the reduction of emissions more broadly. Why are so many developers getting it wrong? | EcoGeneration
New Technology Uses Nanoparticles to Turn Solar Energy into Steam
Rice University scientists have unveiled a revolutionary new technology that uses nanoparticles to convert solar energy directly into steam. The technology’s inventors said they expect it will first be used in sanitation and water-purification applications in the developing world | Oil Price
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