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NNPC approach to oil contracts evaluation may cost Nigeria $48b investments
Investments in the oil and gas industry worth about $48 billion could be lost following the bid procedure adopted by the Nigerian National Petroleum Corporation (NNPC) | SweetCrude
Saudi Arabia, Iran, Iraq vie for OPEC’s top job as Ecuador bows out
Ecuador has quietly withdrawn its candidacy for the post of OPEC secretary general, a decision apparently made some time back but not made public until December 4 | Platts
Uganda Opposition Leader Decries ‘Corrupt’ Oil Bill
The leader of Uganda’s main opposition Forum for Democratic Change (FDC) said corruption in the government of President Yoweri Museveni is pervasive and systemic | VOA
ConocoPhillips announces 2013 capital budget of $15.8 billion and outlines investment programs
ConocoPhillips (NYSE: COP) announced a 2013 capital budget of $15.8 billion (including contributions to the FCCL joint venture), which is approximately flat to expected 2012 capital program spending | Oil Voice
PIB will fail without strong regulation – Avuru
The Managing Director/CEO of SEPLAT Petroleum Development Company, Mr Austin Avuru says the oil industry needs “a strong, independent regulator” for the Petroleum Industry Bill (PIB) to work | SweetCrude
Nigeria’s naira depreciated as traders speculated that oil-producing companies will reduce dollar sales in the middle of the month and before the central bank sells the U.S. currency at auction | Business Week
YPF in talks with Statoil to develop shale
Argentine state-controlled energy company YPF is in talks to form a partnership with Norway's Statoil to develop YPF's shale reserves, according to a Financial Times report on Sunday | Upstream Online
OPEC daily basket price close at $104.75/b
The price of OPEC basket of twelve crudes stood at 104.75 dollars a barrel on Friday, compared with $105.64 the previous day, according to OPEC Secretariat calculations | SweetCrudeReports
Oil rebounds after signs of stronger China demand
MADRID (MarketWatch) — Benchmark U.S. crude-oil futures snapped their losses to post a modest gain Monday, helped by data hinting at stronger Chinese demand | MarketWatch
Ethanol’s Discount to Gasoline Widens From Five-Month Low
Ethanol’s discount to gasoline widened from a five-month low on signs of a glut of the grain- based additive | Bloomberg
Iraq forecasts near-record oil output next year
As the world's fastest growing crude exporter, Iraq expects more quick gains next year as foreign companies push production towards the highest level ever, according to Iraqi Oil Minister Abdul-Kareem Luaibi | Upstream Online
PETRONAS and Progress welcome favourable Canada ruling
PETRONAS and Progress Energy Resources Corp. welcome the Canadian Ministry of Industry's decision to approve PETRONAS' investment, which will help develop Canadian natural gas for the global liquefied natural gas (LNG) export market | Oil Voice
Saudi Aramco says cyber attack targeted oil, gas flow
Saudi Aramco said on Sunday a cyber attack in August that damaged some 30,000 computers was aimed at stopping the Saudi Arabian national oil company’s oil and gas production | Upstream Online
Abu Dhabi conference participants on edge over looming concession expiry
The Abu Dhabi Petroleum Exhibition and Conference last month was notable on two counts: the apparent wariness towards the media displayed by its host, state-owned Abu Dhabi National Oil Company (ADNOC), and the matching reticence of many international oil and gas producers in attendance | Platts
TRANSACTIONS
Africa Oil closes first tranche of $232.5 million private placement
Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) announce that it has closed the first tranche of its $232.5 million private placement, previously announced on November 28, 2012 | OilVoice
Elixir farms out North Sea permit
Australia’s Elixir Petroleum has entered a farm-out agreement with UK-based Adriatic Oil covering its wholly-owned Seaward production licence, P1921, in the UK North Sea | Upstream Online
Gasol formalises BenGaz Joint Venture
Gasol plc, the West African energy development company, today announces that it has signed a Joint Venture Agreement ("Agreement") with Societe BenGaz S.A. ("BenGaz"), following the agreement in principle between the two companies announced on 3 September, 2012 | Oil Voice
ARTICLES
Energy Security - How To Avoid The Looming Crisis
It seems all the policy wonks are singing a similar song in writing the energy score of this century | Forbes
Carbon Emissions Projected to Remain Flat for Decades
The U.S. Energy Information Administration‘s (EIA) AnnualEnergy Outlook (AEO) for 2013 shows annual CO2 emissions remaining more than 5% percent below the 2005 level until 2040 | Forbes
AUDIO
UK's energy future takes shape with Energy Bill and Gas Strategy
Jillian Ambrose , associate editor for Platts European Power Daily, takes a look at the impact of the UK's long-awaited Energy Bill presented to parliament November 29, and the accompanying Gas Strategy published one week later | Platts
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