Developments in International Oil & Gas | Energy | Extractive Industries
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Exploration & production grows in Africa with new discoveries
Oil exploration and production activities have soared in Africa since the discoveries of oil in Oloibiri –Nigeria in 1956, Libya in 1959 and the first discovery in Angola in 1956 which became more operational after the massive find in offshore Cabinda in 1960’s | SweetCrude
BP vows to hike capital spend on high-margin plays
British supermajor BP has put forward plans to ramp up capital expenditure in the coming years in a portfolio radically changed by its deal with Rosneft and post-Macondo sell-off programme | Upstream Online
Repsol files YPF arbitration complaint
Spanish oil major Repsol filed a complaint against Argentina at the World Bank's international arbitration forum on Monday over the government's expropriation this year of Repsol's controlling stake in YPF, a report said | Upstream Online
Brent falls on US manufacturing
Brent oil prices turned lower on Monday after data showed US manufacturing activity slowed to a three-year low, offsetting more optimistic figures from China | Upstream Online
Cyprus offers mediation between Lebanon, Israel to solve undersea oil, gas dispute
BEIRUT — Cyprus has offered to mediate between Lebanon and Israel over a maritime border dispute that is delaying some oil and gas exploration in the Mediterranean, a Cypriot official said Monday | Washington Post
YPF pushes expansion despite litigation
BUENOS AIRES, Dec. 3 (UPI) -- Argentina's YPF energy company, nationalized earlier this year, is on an expansion drive despite an impending new compensation battle with former majority owner Repsol | UPI
Sasol to start design work on Louisiana GTL, ethane cracker plants
Sasol will proceed with front-end engineering and design for an integrated gas-to-liquids plant and ethane cracker with downstream derivatives at the company’s site near Lake Charles, La | Oil & Gas Journal
Italian energy group, Eni has resumed onshore exploration activities in Libya as the player’s post-war ramp-up continues | SweetCrude
UN calls on Israel to open nuclear facilities
UNITED NATIONS (AP) - The U.N. General Assembly has overwhelmingly approved a resolution calling on Israel to quickly open its nuclear program for inspection and backing a high-level conference to ban nuclear weapons from the Middle East which was just cancelled | CBS8
TRANSACTIONS
Israel, Woodside Strike Gas Deal, A Blow for Gazprom
(Reuters) – Australia’s Woodside Petroleum said it would buy a 30 percent stake in Israel’s Leviathan natural gas field, dealing a blow to Gazprom’s ambitions to cement its position as Europe’s dominant supplier and expand in the liquefied natural gas market | Energy Tribune
Japan Scrambles the Planet Looking for Gas Deals
Since the March 11, 2011 Fukushima nuclear disaster and Japan’s subsequent shut down off all but two of its 50 nuclear reactors, the country is frantically trying to secure natural gas for electricity generation | Energy Tribune
Petrobras taps membrane system for gas processing aboard FPSOs
Petroleo Brasileiro SA (Petrobras) has chosen membrane systems from UOP LLC, Des Plaines, Ill., to process natural gas aboard eight new floating production, storage, and offloading vessels. The FPSOs will handle production from Lula oil field in the Santos basin off Brazil, UOP said | Oil & Gas Journal
Third LNG project on the cards for PNG
A Talisman Energy-led group is expected to have enough gas resources to underpin Papua New Guinea's third liquefied natural gas project, said PNG’s Minister for Petroleum and Energy William Duma | Upstream Online
ARTICLES
Gangnam Style Energy Solutions to Mitigate Risk
Most of us recognize certain behavior as inherently risky, and so we seek to avoid it. But the relationship of the three Rs - risk reward, and resources – matters | Energy Collective
Colombia oil: Local difficulties
Last year, Colombia failed to reach its target of producing 1m barrels/day (b/d) of oil. No matter; it simply shifted the target to this year. But by October 2012, output was still just shy of the magic 1m-barrels mark. This protracted struggle raises an awkward question: is this merely a short-term hiccup, or does it hint at more lasting impediments? | Economist Intelligence Unit
Forecasting Shale Gas Recovery Using Monte Carlo Analysis - Part 1
Forecasts of gas production from shale are complicated by our inability to correctly account for all of the mechanisms that affect production, and by the lack of wells with enough production history to validate models. Consequently, shale gas production forecasts are inherently uncertain | PennEnergy
Future oil permits should require flow-rate gauge-BP spill study
WASHINGTON, Dec 3 (Reuters) - One lesson learned from the deadly 2010 Deepwater Horizon spill is the need to gauge how much oil is leaking from a blown-out well, prompting U.S. government scientists to recommend all future drilling permits require mechanisms to assess the flow rate | Reuters
Duke Energy's Rogers: Efficiency, shale gas will drive dramatic change in energy industry
Durham, NC - Energy usage that remains flat or even declines over the coming decades and the increasing presence of shale gas in utility portfolios will drive dramatic changes in the energy industry, Duke Energy CEO Jim Rogers told guests at the annual Duke University Energy Conference on Wednesday | Duke FUQUA
UK Solar Energy Targets – How Are We Doing?
The United Kingdom doesn’t compare to other countries with similar climates and population when it comes to pushing solar panel technology. But what exactly are the Government’s plans for solar energy and what are the targets in place? Engensa knows how important of a role solar energy can play in the future of the United Kingdom’s renewable energy integration. With thousands of satisfied customers, they have unrivaled experience of the industry and a passion for providing the country with a product rated highly on the government’s plans for future power resources | Business2Community
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