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Nigeria seeks Swiss help in $6.8-billion fuel subsidy probe
Nigeria has sought Switzerland’s help in its ongoing investigation of a multi-billion dollar fuel subsidy scam, after some Swiss oil trading houses refused to cooperate with the authorities in Abuja, Nigerian officials have said | SweetCrude
Colombia is fast becoming a rising oil giant in Latin America
MIAMI, Dec. 11, 2012 /PRNewswire/ -- Colombia today is one of the most promising exploration and production (E&P) investment markets in the world. As the fourth-largest crude oil producer in Latin America after Venezuela, Brazil and Mexico, Colombia accounted for two billion barrels of proven crude oil reserves in 2012, equivalent to almost seven years of output | YourOilandGasNews
David Cameron: 'Britain must be at the heart of shale gas revolution'
Britain must be at the heart of a “shale gas revolution”, David Cameron has said, which could bring down energy prices and help “re-industrialise” the economy | TheIndependent
BHP to sell interest in Browse to PetroChina for $1.63 bln
BHP Billiton agreed to sell its stake in the Browse liquefied natural gas (LNG) project to Chinese oil and gas producer PetroChina Co Ltd for $1.63 billion, the second partner to leave the project in recent months | Reuters
The US government has delayed finalising rules that expand its oversight of hydraulic fracturing on public lands because officials must evaluate a torrent of public comment on the proposals, the Obama administration said on Tuesday | Upstream Online
Ebonyi to ascertain level of oil deposit in Afikpo
Abakaliki – The Ebonyi government says it is collaborating with the Federal Government to ascertain the level of crude oil deposit at Afikpo South Local Government Area in the state | SweetCrude
TRANSACTIONS
Chesapeake inks $2.16bn midstream sale
Cash-strapped Chesapeake Energy has agreed to sell "a substantial majority" of its remaining midstream assets to Access Midstream Partners for about $2.16 billion in cash | Upstream Online
China Offshore Giant Orders Four Havyard Design OSV's
China Oilfield Services Limited (COSL) choose Havyard 832 design for renewal supply vessel fleet, & order Havyard designs for 4 new vessels | Marinelink
Turkey weighs pivotal oil deal with Iraqi Kurdistan
ANKARA, Turkey — American diplomats are struggling to prevent a seismic shift in Turkey’s policy toward Iraq, a change that U.S. officials fear could split the foundations of that fractious state | Washington Post
Athabasca Oil waits as joint-venture partner seeks approval
Athabasca Oil Corp said on Tuesday it is still looking to complete a joint venture deal on some of its northern Alberta oil sands properties despite new Canadian rules, as its as-yet-unnamed partner is seeking its own approvals for the transaction | Reuters
ARTICLES
Is Indonesia heading toward an oil and gas emergency?
The oil and gas upstream industry has the same characteristics everywhere — it has connections to investment, technology and is very high risk — including in Indonesia. As a result the industry is highly sensitive to the “3Cs” — clarity, consistency and certainty. This was indicated by the new president of the Indonesian Petroleum Association (IPA), Lukman Mahfoedz, recently | Jakarta Post
EIA Report: U.S. Renewables Rise by 2040
Renewable energy use will grow at a much faster rate than fossil energy use through 2040, according to projections in the Annual Energy Outlook 2013 Reference case, part of a preliminary report released on December 5 by the U.S | EERENews
With a natural gas tax, everyone can benefit
Every once in a while, one of those economic policy dogfights comes along that involves huge sums of money and pits one powerful industry against another | Washington Post
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