Developments in International Oil & Gas | Energy | Extractive Industries
CLICK ON THE LINKS FOR FULL STORIES
Nigeria’s PEF commences electronic loading of fuel trucks
The Petroleum Equalisation Fund, PEF, management board says it has started the electronic loading of trucks in the petroleum downstream sector | SweetCrude
Ice hits Bohai Bay production
Output in China's northern Bohai Bay, its largest offshore oil and gas production base, has been affected by icy conditions, according to state-run China National Offshore Oil Corporation (CNOOC) | Upstream Online
Exxon Hedges Oil Sands With Offshore Hebron Project
Exxon Mobil Corp. (XOM)’s plans to develop a $14 billion underwater oil field off Newfoundland’s coast allows the world’s biggest energy company to hedge against discounted crude fromCanada’s oil sands | Bloomberg
Aramco to step up search for gas
JEDDAH: Saudi Aramco will step up its efforts to explore and develop more gas wells across the Kingdom to meet the requirements of electric power generation, Petroleum and Mineral Resources Minister Ali Al-Naimi said yesterday | Zawya
Twenty-two vessels have been arrested by the Nigerian Navy for various act of illegality, ranging from oil bunkering and illegal entry into the nation’s waters within the last 12 months | SweetCrude
Iran needs to invest to maintain Opec influence
Iran has spent almost $25 billion on upstream oil and gas projects since last March but needs to keep investing to keep its influence in Opec, according to the country’s oil minister | Upstream Online
Shell Leads S. Africa on Record Oil Rush as Coal Falters: Energy
South Africa, the African continent’s economic engine, is on the cusp of an oil rush never before seen in the country as burgeoning energy demand exposes the vulnerability of its dependence on coal | Bloomberg
West African find for Harvest
Houston-based Harvest Natural Resources announced Friday that it has made a new oil discovery in the pre-salt layer offshore Gabon, West Africa | SweetCrude
ARTICLE
China’s oil and natural gas sectors ready to roar in 2013
The past year could arguably be labeled as “China’s year that wasn’t”. The Year of the Dragon, while considered the luckiest of the Chinese zodiac, did not herald particularly auspicious tidings. Instead, China was saddled with a slowing economy, political scandals that rocked the country and territorial squabbles with its neighbors in the South China Sea | Platts
Carbon tax would level playing field for renewable energy
PHIL FLYNN, an energy commodities trader, suggests that renewable energy technologies are obsolete, and that “if they can’t compete, maybe they shouldn’t” (“Fracking may hold key to energy independence,” On the Hot Seat, Money & Careers, Dec. 30). A carbon tax would correct the price of fossil energy to account for the social and ecological costs, and would enable renewable energy and conservation to flourish, creating millions of jobs | BostonGlobe
2013: A year of recovery for Nigeria's oil industry
2012 was arguably a year that Nigeria’s oil industry may wish to forget. The country’s oil output was slashed by one fifth in the last quarter of the year, thanks to a large fire caused by a theft in September. The theft resulted in Royal Dutch Shell Plc eventually having to shut down a major pipeline. Furthermore, a leak at an Exxon Shell facility caused a severe oil spill that spanned more than 20 miles of coastline | Oil Voice
No comments:
Post a Comment