Developments in International Oil & Gas | Energy | Extractive Industries
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Nigeria losing N105bn annually to pipeline vandalism
Nigeria is losing about N105 billion to pipeline vandalism annually, according to the Nigerian
presidency | SweetCrude
Obama shields U.S. airlines from EU carbon fees
(Reuters) - President Barack Obama signed a bill on Tuesday shielding U.S. airlines from paying for each ton of carbon their planes emit flying into and out of Europe, despite a recent move by Europe to suspend its proposed measure for one year | Reuters
Libya oil ministry proposes downstream split
Libya's oil ministry is proposing to separate the OPEC member's exploration and production activities from refining, shaking up the running of its key industry by creating two separate bodies that would be headquartered in Tripoli and Benghazi, according to a report | Upstream Online
India rejects $1bn in Reliance expenses
The Indian Petroleum and Natural Gas Minister Veerappa Moily said the Indian government has disallowed more than $1 billion of expenses made by operator Reliance Industries on the D6 deep-water fields in the Krishna Godavari basin | Upstream Online
API files suit against EPA's biodiesel mandate
The American Petroleum Institute (API) filed a lawsuit in the U.S. Court of Appeals for the District of Columbia late Monday against the Environmental Protection Agency (EPA) for its decision to mandate the use of 1.28 billion gallons of biodiesel in 2013, a 28 percent increase from the 2012 requirement. API also filed a petition for administrative reconsideration of the 2013 biodiesel mandate with EPA | PennEnergy
Oil, wet gas seen in second Kenya Lokichar discovery
Tullow Oil PLC and Africa Oil Corp. have made a second large oil discovery in the Lokichar basin in northwestern Kenya | Oil & Gas Journal
World needs oil sands crude, IEA economist says
An energy-thirsty world will need “every drop” of growing production in Canada’s oil sands, but the industry will need to reassure a skeptical public that development can be done in an environmentally sustainable way, the International Energy Agency’s chief economist says | Globe and Mail
Canada still weighing foreign energy bids
With deadlines fast approaching, Canada is still weighing two proposed foreign takeovers of domestic energy companies, but a top minister offered no clues on Tuesday as to when or how the government would announce the hotly debated decisions | Upstream Online
Nigeria says it is set to shut upstream oil and gas terminals without metering systems | SweetCrude
Gazprom Tightens Control Over European Supply
Well, it’s finally coming;Russia is starting construction of the €16bn South Stream pipeline on 7th December to make sure it retains a strong grip over South East European and Central & Eastern European gas supplies. But whether this is in Gazprom’s longer term interests remains to be seen. What’s good for ‘regional control’ is bad for Gazprom’s ‘global posture’ | Forbes
Wood Mackenzie report sees 20% rise in Australia project costs
COSTS on Australian petroleum exploration and production projects rose 20 per cent in 2012, according to Wood Mackenzie's global capital spending report | Brisbane Times
Ukraine looks for alternatives to Russian gas in Qatar and Azerbaijan
After announcing its plans to halve imports of Russian gas, Ukraine is looking for sources of cheaper gas | RT
Brent hovers below $110 on US fiscal worries
Brent crude steadied below $110 per barrel on Wednesday, not far from a one-week low hit in the previous session as investors nervously eyed talks to head off a looming fiscal disaster in the US, Reuters stated | Upstream Online
President Obama Approves New Natural Gas Pipeline in Brooklyn and Queens
NEW YORK — A new natural gas pipeline is coming to Brooklyn and Queens, after President Barack Obama cleared the way for it to be built on Tuesday | DNAInfo
TRANSACTIONS
Russia's Rosneft to get $30 bil loans, use TNK-BP cash to buy oil venture
Russia's Rosneft expects to get up to $30 billion in loans from international banks and may also use its own and TNK-BP's cash to help finance acquisition of a 100% equity stake in the Anglo-Russian oil venture from BP and Russian group AAR, the company said in its Eurobond prospectus | Platts
US expecting modest Gulf sale
Just 13 companies are expected to hear their collective 131 bids opened on 116 offshore blocks in tomorrow morning's Western Gulf of Mexico Lease Sale 229 in New Orleans, Louisiana, according to the US Bureau of Ocean Energy Management (BOEM) | Upstream Online
ARTICLES
Policy certainty would boost renewable energy
The reason why the renewable energy sector is developing much more slowly than it should is due to constant chopping and changing of the renewable energy policy, leading to the reluctance of liable parties to enter into long-term contracts | Financial Review
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