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Russian Oil Output Hits Record 10.5 Million Barrels a Day
Russia’s crude oil and condensate output climbed to a post-Soviet record of 10.503 million barrels a day in November, beating the high reached the previous month, according to the Energy Ministry’s CDU-TEK unit | Bloomberg
Indian oil firms fighting for foreign assets, focus on production
NEW DELHI: Faced with soaring demand, stagnant output at home and a need to diversify from Iranian crude imports lost to Western sanctions, Indian oilBSE -0.72 % companies are hungry for deals like ONGC's Kashagan buy that promise supplies sooner rather than later | Economic Times
South Sudan could restart oil exports by year-end
(Reuters) - South Sudan could restart oil exports through Sudan by the end of the year after successful talks between both countries on border security, a top Southern official said on Sunday | Reuters
Israel partners China in renewable energy technology
Israel is set to work with China in the future to develop renewable energy technology, following talks at the 5th Eilat-Eilot Renewable Energy Conference & Exhibition held last week in Eilat, Israel | CBS
Iran Says Plans to Raise Crude Oil Production
Iran's oil minister has said the country plans to increase its oil production capacity to up to 5.2 million barrels per day by early 2016 | ABCNews
Canada to Build Oil Pipeline to Serve Asia
MONTREAL - - Canada is scrambling to build an expansive new oil pipeline network to reach new markets including Asia as its sole customer, the United States, hikes production, aiming to become the world's top exporter | Industry Week
GDF Suez closing in on Repsol LNG assets
France’s GDF Suez is closing in on a deal to acquire Repsol’s liquefied natural gas unit, according to French media | Upstream Online
The Nigeria Extractive Industries Transparency Initiative, NEITI, has indicated its determination to recover about N1.3trillion under-assessments/underpayments by oil and gas companies as captured in its audit of the sector | SweetCrude
Russia ready to fill Turkey gas demand
Russia is willing to increase gas supplies to Turkey this winter if Ankara requests ahead of an expected surge in demand from the country | Upstream Online
Gas-rich Qatar to invest up to $20 bln in solar energy plant
Dec 2 (Reuters) - OPEC member Qatar will ask firms to tender for a 1,800 megawatt (MW) solar energy plant in 2014 costing between $10-20 billion as the world's highest per capita greenhouse gas emitter seeks to increase its renewable energy production | Reuters
Crude Oil Futures Gain On China Manufacturing Data
Crude oil prices advanced in Asia Monday as sentiment was buoyed after reports indicated a pick-up in China's manufacturing activity in November | International Business Times
As Kurdistan oil booms, deal-making accelerates
ERBIL - A decade after Iraqi Kurdish leaders signed their first oil contract, the semi-autonomous Kurdistan Regional Government (KRG) is poised to play host to what could be the industry's biggest asset bazaar ever | Iraq Oil Report
TRANSACTIONS
Chevron to flag blowout in Gorgon budget to $60bn
Chevron is poised to unveil an increased budget of nearly $60 billion for its Gorgon liquefied natural gas project in Western Australia and a delay in the start of production into 2015 | Financial Review
Tangiers enters into a farm-out agreement for offshore Morocco
Tangiers Petroleum Limited (ASX:TPT, AIM:TPET) into a farm-out agreement with the Portuguese company, Galp Energia (Galp), for the assignment of a 50% interest in the Tarfaya Offshore area, comprising eight exploration permits, known as Tarfaya Offshore I to VIII, located on the Atlantic Margin, offshore Morocco | Oil Voice
Tangiers signs Heads of Agreement to farm out WA and NT blocks
Tangiers Petroleum Limited advise that it has signed a non-binding Heads of Agreement with ASX-listed CWH Resources Ltd ("CWH") to explore Tangiers' prospective acreage off the coasts of Western Australia and the Northern Territory | Oil Voice
RWE could quit Nabucco
German utility RWE may soon quit the Nabucco gas pipeline project and could sell its 16.1% stake in the scheme to fellow shareholder OMV, according to reports | Upstream Online
ARTICLES
Snyder: Gas should power future
Conversations have officially started focusing on the state's next wave of renewable-energy requirements, which would kick in after current benchmarks are reached in 2015 | CrainsDetroit
Indonesia gives object lesson on how to confuse investors
It’s almost as if Indonesia was watching events in Canada and bristling at the suggestion that the hold-up of a couple of multi-billion deals was worth getting excited about | Platts
Study finds combination of dispersant with Macondo oil increases toxicity up to 52-fold over oil alone
In toxicity tests in the lab, a study by a team from the Georgia Institute of Technology and Universidad Autonoma de Aguascalientes (UAA), Mexico found that mixing the dispersant Corexit 9500A—used in the 2010 Deepwater Horizon disaster—with oil from the Macondo well increased toxicity of the mixture up to 52-fold over the oil alone | EINNews
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