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Deregulation of the downstream sector may fail – University don
A socio- economic analyst and Chief Lecture at the Anambra State University, Uli, Dr. Godwin Uchechukwu Akam, has expressed concern that the federal Government’s plan for deregulating the downstream sector of the oil industry was at the verge of being totally defeated, following the activities of a cabal operating in the industry | SweetCrude
Syrian Rebels Capture Oil Field
BEIRUT—Syrian rebels firing mortars and rocket-propelled grenades captured an oil field in the country's east Sunday after three days of fierce fighting with government troops protecting the facility, activists said | WallStreetJournal
Ghana: Goodwill commended for training youth in oil and gas
Mr Abuga Pele, Executive Director of Ghana Youth Employment and Entrepreneurial Development Agency (GYEEDA), has commended the Goodwill International Group (GIG) for successfully training the youth in oil and gas | VibeGhana
Yemen pipeline to be fixed in a week
A gas pipeline feeding Yemen's only liquefied natural gas export terminal will take about one week to be repaired following an attack on it last week, Reuters quoted the country's oil minister as saying | Upstream Online
ARTICLES
Rivers-Bayelsa oily brouhaha and the politics beneath
Juan Pablo Alfonzo, a prominent Venezuelan diplomat was indeed a wise man. He predicted that oil is a devil’s excrement that only brings curses and ruin to those who possess it. The Niger Delta region has been a very painful example of how the discovery of oil cannot and may not be a blessing. After a very turbulent period that led to the destruction of millions of lives and properties, the conflict has thawed, thanks to the amnesty programme. However observers have recently become apprehensive as Rivers and Bayelsa states governments continue to haul verbal missiles at each other | SweetCrude
With Russian Oil, Size Isn't Everything
The arrival of a new heavyweight usually unsettles smaller rivals—but not always. Assuming Rosneft's $56 billion acquisition of TNK-BP happens, it would become the world's largest publicly traded oil-and-gas company by reserves and output. Its oil reserves and output will roughly match those of Exxon Mobil and BP combined | WallStreetJournal
East Africa oil, gas a double-edged sword
There are indications that the economies of Kenya, Tanzania, and Uganda will look quite different in 10 to 15 years a result of the discovery of oil and gas reserves in these countries | EINews
Oil and gas in North America: Independence day
Shale gas, you might think, is old hat. As a topic of conversation, the “revolution” in US natural gas production—in which innovative techniques including hydraulic fracturing (“fracking”) have opened up hundreds of trillions of cubic feet of reserves—is being overtaken by developments surrounding shale oil. With US gas prices languishing, investment is flooding away from “dry”, gas-dominated shale plays into “wet”, oil-rich ones | Economist Intelligence Unit
Brent rises above $106
Brent crude edged above $106 per barrel on Monday as a more than 2% drop on Friday attracted some buyers, although investors remained focused on the US presidential elections and demand worries | Upstream Online
AUDIO
Reversing trends in the European diesel market?
Andrew Bonnington , associate editorial director for clean products and Sophie Byron, European middle distillate editor, discuss the factors at play in explaining the current relative weakness of the Mediterranean ULSD market when compared to Northwest Europe; examine the current strength in the ARA barge market; and assess the impact, or not as the case may be, of Hurricane Sandy on the European market | Platts
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