Developments in International Oil & Gas | Energy | Extractive Industries
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World Bank panel accepts Repsol YPF complaint
The World Bank's arbitration body started moving ahead this week on a complaint by Spanish oil major Repsol over Argentina's expropriation of its controlling stake in energy company YPF | Upstream Online
Nigeria’s deepwater production records 15% yearly slide
There are indications that Nigeria’s deepwater crude oil production may be headed for the cliffs having recorded 15 per cent slide each year in the last two years as major producers hold back investment in response to the prospect of new punitive provisions under the proposed Petroleum Industry Bill, PIB | Sweetcrude
Chevron grows portfolio with operating interest in Canada LNG project
Chevron Corporation has announced that its Canadian subsidiary, Chevron Canada Limited, will acquire a 50 percent operating interest in the Kitimat liquefied natural gas, LNG, project | SweetCrude
Indonesia to offer shale gas blocks in 2013
The Indonesian government will offer areas for shale gas development in 2013 through regular tenders, according to a statement on the Ministry of Energy website | SweetCrude
Sudan’s oil production set to rise by 10,000b/d
Sudan will boost its oil production by 10,000 barrels a day when the new Hadida field comes on stream this week in the west of the African country, state news agency SUNA said on Wednesday | SweetCrude
Sinopec, ConocoPhillips to study Chinese shale
ConocoPhillips has joined up with Sinopec to explore for shale gas in China as the country grapples with the best way to exploit its potentially significant unconventional resources, the US player said | UpstreamOnline
More than 70 per cent of mining companies in Nigeria are inactive, according to an audit report by the Nigerian Extractive Industries Transparency Initiative, NEITI | SweetCrude
Egypt Opens 20 Oil and Gas Concessions to Bids This Month
Ganoub El Wadi Petroleum Holding Co., an Egyptian state-owned energy company, is offering 20 concessions for oil and gas exploration to international investors from Dec. 30 | Bloomberg
Iraq Tells Lukoil to Cut Oil Production Target at West Qurna-2
OAO Lukoil, the Russian oil company with the most assets overseas, said Iraq asked it to cut its production target at the West Qurna-2 project by 33 percent | Bloomberg
Chartered VLCC Makes First Kawasaki Port Call
The very large crude oil carrier (VLCC) 'Takamatsu Maru' has arrived at the Kawasaki refinery of TonenGeneral Sekiyu K.K. | MarineLink.com
Bahrain's 2013 budget set at oil price of USD90
(MENAFN) The Bahraini government has set 2013 draft budget at an oil price of USD90 per barrel, Gulf Daily News reported | Menafn
Shale oil companies need a 'social license'
(MENAFN - Arab News) Rigorous traffic management and other planning controls will be essential if shale gas and oil drillers are to operate in areas of the Northeast US and Western Europe with no recent experience with mineral extraction | Menafn
Kuwait''s crude oil exports to China up 18.9 percent 
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's crude oil exports to China jumped 18.9 percent in November from a year earlier to 864,000 tons, equivalent to around 211,000 barrels per day (bpd), the latest government data showed | Menafn
Akepo negotiations get underway
Nigeria Agip Oil Company, NAOC, the joint venture of Eni, Conoco Phillips, and the Nigerian National Petroleum Corporation, NNPC, has commenced negotiations with Sogenal Oil and Gas, the operator of the Akepo field in Oil Mining Lease, OML 90, for an agreement to process and sell oil from the field | SweetCrude
Nigeria can generate 10,000MW from coal – Presidential Task Force
The Presidential Task Force on Power, PTFP, has expressed optimism that Nigeria can generate between 7,000 and 10,000 mega watts, MW, of power from coal-fired plants in addition to the existing capacities from thermal and hydro power plants | SweetCrude
Transactions
Lukoil pays $1.66bn in Siberia oilfield auction
Russia's second-largest crude producer Lukoil has emerged as the winner in West Siberia oilfields auction, offering a highest bid of 50.8 billion roubles ($1.66 billion), the Rosnedra licensing agency said on Tuesday | Upstream Online
Aker Solutions Sign Subsea Alvheim Contract
Aker Solutions sign contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf | MarineLink.com
FMC Technologies receives $33 million subsea equipment order for Statoil's Snorre field
FMC Technologies, Inc. (NYSE: FTI) announced that it has signed an agreement with Statoil (NYSE: STO) for the supply of additional subsea equipment for the Snorre field. The order has an estimated value of $33 million in revenue | Oil Voice
Murphy Oil announces 200 new retail fuel stations
Murphy Oil Corporation (NYSE:MUR) announces that its wholly-owned subsidiary, Murphy Oil USA, Inc., has entered into an agreement with Wal-Mart Stores, Inc. to provide access to over 200 new locations within its core market area covering the Midwest and Southeast United States | Youroilandgasnews
ARTICLES
Euro-Bound Algerian Gas Pipeline Faces Unsure Future
Europe’s efforts to expand their reach to North African gas reserves could take a hit in the coming months as the fate of a long-delayed pipeline project was pushed back once again, leading some to conclude it is dead in the water | Forbes
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