Developments in International Oil & Gas | Energy | Extractive Industries
CLICK ON THE LINKS FOR FULL STORIES
Why Total’s sale of Nigerian assets to Sinopec is surprising
There are five clear reasons why many were surprised by the announcement by French oil giant, Total, on Monday November 18, 2012, that it has sold its 20 percent stake in Nigeria’s Oil Mining Lease, OML 138, to China Petrochemical Corporation, Sinopec, as part of an asset-disposal programme, according to Africa Oil and Gas | SweetCrude
Argentina more than doubles price of gas produced by YPF at new wells
Argentina will allow the price of natural gas produced by state-run YPF at new wells to more than double and will do so for other suppliers as it seeks to revive production | Platts
PGNiG plans at least 10 new shale wells in 2013
State-controlled Polish gas monopoly PGNiG plans to drill at least 10 shale gas wells in 2013, it said, part of a government drive to step up exploration of unconventional resources | Reuters
Oil prices drop amid US budget talks, inventory data 
(MENAFN - AFP) Oil prices fell on Wednesday as investors focused on key budget talks in the United States, the world's biggest consumer of energy, and reacted to news of an unexpected drop in US crude inventories | EINNews
Jack-up players eye ONGC race
Several contractors are preparing to submit bids next month in an Oil & Natural Gas Corporation (ONGC) tender for the charter by the Indian company of a number of jack-up drilling rigs | Upstream Online
Bayelsa State Governor, Seriake Dickson, has called on the Nigerian Content Development and Monitoring Board, NCDMB, to address the issue of multinational oil companies having operational bases outside their areas of operations | SweetCrude
Ecuador to launch oil block auction amid protests
Ecuador will launch a licensing round on Wednesday for 13 oil blocks in unspoiled Amazon areas despite opposition from indigenous groups that fear damage to their ancestral lands | Reuters
Three BP managers plead not guilty
Two BP well-site managers and a former executive on Wednesday pleaded not guilty to criminal charges growing out of the 2010 Gulf of Mexico oil spill | Upstream Online
Three Workers Confirmed Dead from Black Elk Explosion Accident
The death toll from the Nov. 16 explosion and fire incident that took place on Houston-based Black Elk Energy's oil platform has climbed to three, after authorities identified a body recovered Monday as that of a missing Filipino worker | Rigzone
Australia: Buru Energy gets more time to sure up Canning gas
Australian aluminium giant Alcoa has given Buru Energy a further two years to sure up its reserves for a gas supply agreement between the two companies | Upstream Online
TRANSACTIONS
Shell joins Petronas off Sarawak
Anglo-Dutch supermajor Shell has signed a new production sharing contract for a block offshore Sarawak, East Malaysia with national oil and gas company Petronas | Upstream Online
Linde wins $300m LNG plant contract
German contractor Linde has won a contract, understood to be worth around $300 million, to build a mid-scale liquefied natural gas plant for Petronas’ subsidiary Malaysia LNG at its facility in Bintulu, Sarawak, East Malaysia | Upstream Online
ABB wins power transformers order in China worth over $100MM
ABB (NYSE: ABB), the leading power and automation technology group, has won orders worth over $100 million, to supply converter transformers and components for the Hami-Zhengzhou ultrahigh-voltage direct current (UHVDC) transmissionlink | PennEnergy
Cue farms out NZ block
Australia-listed Cue Energy Resources and its joint venture partners have farmed out a 30% stake in an exploration block off the Taranaki coast, New Zealand | Upstream Online
Sembcorp Marine Bags $806.4M Drillship Order from Sete Brasil
Singapore's Sembcorp Marine, through its wholly-owned subsidiary Jurong Offshore, said Thursday in a statement that it has secured a drillship contract worth $806.4 million from Sete Brasil Participacǒes | Rigzone
ARTICLES
Indonesia: Chevron court case highlights doubts over energy regulation
When one of the world’s biggest oil companies takes out a full-page local newspaper advert accusing the attorney general’s office of committing an “abuse of power” and a “human rights violation,” it is clear that something has gone badly wrong | Financial Times
Embarrassed Ukraine admits $1 billion gas deal mistake
KIEV/MADRID - Ukraine admitted it had signed a $1.1 billion gas terminal deal with an unauthorized man it thought was acting for Gas Natural Fenosa, while the Spanish company denied he was its representative and said there was no contract | The Enterprise Bulletin
Changing Middle-East Dynamics a Game Changer for Oil?
A political crisis in Egypt heralds a new phase of instability in the Middle East that will keep worries about oil supplies from the region intact putting upward pressure on prices, commodities analysts said | CNBC
Oil sands producers could feel squeeze as pipeline capacity tightens
Plans are under way to build oil pipelines south, west and east, but even if they are successful they’re not going to alleviate today’s problem: Many of Canada’s oil pipelines are full and it’s only a matter of time before they choke off oil growth | Financial Post
No comments:
Post a Comment