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Chevron gets closer to expanding Gorgon
Chevron is finalising its contracting plan for both the offshore and onshore developments of the Gorgon liquefied natural gas expansion project in Australia | Upstream Online
Govs call for release of $1bn excess crude funds
Nigerian state governors, Tuesday, called on the Federal Government to release the sum of $1 billion from the excess crude account, which is a subject of litigation between the federal and state governments, warning that on-going projects in states would be stalled if the money was not released | SweetCrude
Royal Dutch Shell announces Directorate change
Royal Dutch Shell plc announces that Mr Gerrit Zalm has been appointed a Non-executive Director of the Company with effect from January 1, 2013 | Oil Voice
Iran plans to build new refinery near Caspian Sea
Iran's Khazar Oil Co has said the oil ministry is planning to build a refinery near the Caspian Sea, Irna has reported | AmeInfo
UK awaits fracking decision
Department of Energy & Climate Change (DECC ) to reveal on Thursday morning whether or not to allow extraction process in UK | Upstream Online
Heavy Alberta Oil Drops to Record Low as U.S. Supplies Increase
Heavy Alberta oil tumbled to a record low against the U.S. benchmark crude as supplies were driven up by increased output, limited pipeline space and a Midwest refinery unit shutdown | Bloomberg
Jonathan seeks N161.6bn extra subsidy fund
President Goodluck Jonathan has written to the Senate, asking for approval for N616.6 billion as supplementary funds for fuel subsidy for this year | SweetCrude
The International Energy Agency (IEA) has said global oil demand will be sluggish throughout 2013, as economic expansion remains tepid and oil supply levels comfortable, which could alleviate oil price pressures on consumers, Reuters has reported | AmeInfo
Brent slips as US stockpiles rise
Brent crude slipped toward $109 a barrel on Thursday, on rising oil stockpiles and weaker fuel demand in the US, while fears that the world's largest economy might miss a deadline for next year's budget kept bulls in check | Upstream Online
Petronas Awards PSC Offshore Sabah to 3-Member Partnership
State-backed Petronas has awarded a production sharing contract (PSC) to a three-member partnership for it SB311 block, offshore Sabah | Rigzone
BG unveils new chief executive
BG Group has appointed Chris Finlayson to take over the top role at the company from outgoing chief executive Frank Chapman | Upstream Online
OPEC daily basket price close at $104.80/b
The price of OPEC basket of twelve crudes stood at 104.80 dollars a barrel on Tuesday, compared with $105.01 the previous day, according to OPEC Secretariat calculations | SweetCrude
Canada open to state-owned companies, Sinopec Says
China Petrochemical Corp.’s international unit is weighing Canada’s new foreign-takeover rules and believes there are still opportunities to invest in the oil sands | The Star
Falcon and Chevron to jointly explore Karoo Basin in South Africa
Falcon Oil & Gas Ltd. (TSXV: FO) (Falcon), a Toronto listed and Dublin headquartered company focused on unconventional oil and gas exploration and producing assets in Australia, Hungary, and South Africa, announced today that it has entered into an Agreement (the Agreement) with Chevron Business Development South Africa Limited (Chevron) which allows both parties to jointly co- operate together in order to seek unconventional exploration opportunities in the Karoo Basin, South Africa | YourOilandGasNews
TRANSACTION
Foster Wheeler signs three-year Statoil frame agreement for FEEDs
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed a three-year frame agreement with Statoil Petroleum AS for the provision of front-end engineering design (FEED) services for future projects at the Kårstø and Kollsnes processing plants, located in Norway north of Stavanger and north-west of Bergen, respectively | YourOilandGasNews
Paradigm Oil and Gas fires up Centurion going into 2013
(OTC PINKS: PDGO) Paradigm Oil and Gas, Inc. is pleased to announced execution of service contracts starting January 2013 for the Centurion | YourOilandGasNews
Aker Wins Deepwater Drill Riser Contract
The 10 000 ft deepwater drilling CLIP riser system will be manufactured and delivered out of Aker Solutions' manufacturing plant in Port Klang, Malaysia. Delivery of the drilling riser system is scheduled for November 2014 | MarineLink
Exxon, BHP to Pump over $1B in Developing Longford Gas Facility
ExxonMobil and BHP Billiton announced in separate statements Thursday that they will spend over $1 billion to construct a gas conditioning plant their jointly-owned Longford facility, in Gippsland, southeastern Australia | Rigzone
Eni takes more time to mull Blackwood well
MEO Australia has agreed to give Italian giant Eni more time to decide whether or not to drill a second well in the Timor Sea off Australia’s Northern Territory | Upstream Online
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
European refinery maintenance nears end, as diesel strength falters
As Europe's and Russia's refining capacity emerges from its typical late fall maintenance period, the improvement in supply looks set to bring pressure to relatively healthy refining margins. Platts' EMEA crude and oil products team discusses the returning refining capacity and the impact it is having on the key oil product, diesel | Platts
European refinery maintenance nears end, as diesel strength falters
As Europe's and Russia's refining capacity emerges from its typical late fall maintenance period, the improvement in supply looks set to bring pressure to relatively healthy refining margins. Platts' EMEA crude and oil products team discusses the returning refining capacity and the impact it is having on the key oil product, diesel | Platts
ARTICLES
OPEC agrees to keep current oil output, secretary general
OPEC ministers meeting in Vienna on December 12 agreed to maintain their current combined 30 million b/d crude output ceiling into 2013 and temporarily solved the politically difficult problem of choosing a new secretary general by extending Abdalla el-Badri's tenure for one year | Platts
The Top 5 Oil & Gas Plays for 2012
2012 has been a stellar year for oil and gas. From East Africa to North America, new technology, major new discoveries, an unparalleled appetite for exploration and a metamorphosing perception of risk have changed the playing field | OilPrice
The Bayou Corne Sinkhole: A massive oil and gas disaster you’ve probably never heard of
Earlier this spring, residents of a rural community in Louisiana's Assumption Parish noticed mysterious bubbles rising to the surface in some bayous. Shortly thereafter, a series of small earthquakes shook the area, prompting state officials to investigate | i09
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