Developments in International Oil & Gas | Energy | Extractive Industries
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Ghana receives EUR16m support from the EU
The European Union (EU) in Ghana has disbursed close to EUR 16 million to the Government of Ghana. This disbursement comprises of 10M € Sector Budget Support for the Ministry of Health and 5.65 M € General Budget Support under Ghana's Multi-Donor Budget Support (MDBS ) framework | SweetCrude
Brent dips ahead of China data
Brent futures slipped below $112 per barrel on Wednesday as investors awaited Chinese trade data, US corporate earnings and the outcome of a European Central Bank policy meeting to glean insights into the health of the world's biggest economies | Upstream Online
U.S. launches review of Shell Arctic drilling program
WASHINGTON (Reuters) - The Interior Department will review Royal Dutch Shell's (RDSA.L) 2012 Arctic oil drilling program to assess the challenges the oil company faced and to help guide future permitting in the region | Reuters
Seven killed as helicopter crashes with oil equipment in Peru
A helicopter transporting equipment for an oil exploration company, crashed in the Amazon jungle of Peru, killing all seven people on board | SweetCrude
U.S. oil production to jump 25 percent by 2014 – EIA
NEW YORK (Reuters) - U.S. crude oil production is expected to rise by the largest amount on record in 2013, the Energy Information Administration said on Tuesday, and is set to soar by almost a quarter over the next two years | Reuters
China’s Shale Gas Reserves Sustainable for Nearly 200 Years
ChinaScope Financial reports that over the past year, shale gas has become a new focus in China’s energy sector | Oil and Gas Eurasia
Nigerian Govt begins payment of fuel subsidy claims – Okonjo-Iweala
The Office of Nigeria’s Accountant-General of the Federation has begun payment of fuel subsidy claims to marketers, Finance Minister Ngozi Okonjo-Iweala said | SweetCrude
Despite years of delays caused by political tensions, the Kuwait National Petroleum Company (KNPC) has stated that it still intends to construct the Middle East’s largest oil refinery | Oil Price
African Petroleum probes potentials of Liberian oil block
Australia’s African Petroleum has commenced a two-well exploratory drilling programme in Block LB-09 offshore Liberia | SweetCrude
China unveils big renewable energy ambitions for 2013
China, the world’s largest carbon emitter due to its dependence on coal, plans to add 49 gigawatts of renewable-energy capacity this year in an effort to boost power production without increasing its reliance on fossil fuels | Sidney Morning Herald
Bridas launches legal action against Repsol
Argentina’s Bridas Group and China National Offshore Oil Corporation (CNOOC) are suing Spanish giant Repsol to prevent it from blocking a $1.5 billion shale-gas project, according to reports | Upstream Online
Indonesia Aims to Create 3,000 New Jobs Through Higher O&G Spending
Indonesia's SKMigas said Tuesday that in line with its increased oil and gas expenditure this year, it expects some 3,000 new jobs to be created | Rigzone
Energy Department Awards $10 Million to Develop Advanced Biofuels
The Energy Department on January 3 announced its award of more than $10 million in funding to five projects in California, Maryland, Texas, and Washington that will develop innovative technologies to convert biomass into advanced biofuels and bioproducts | EERE News
China Invests in Ukraine Coal Gasification
Thanks to a $3.65 billion deal with China Development Bank Corporation, Ukraine will gradually work towards the gasification of coal to reduce its dependency on natural gas by about 4 billion cubic meters, for a savings of up to $1.5 billion | Oil Price
500 wind turbines 'approved for Scottish Borders in 2013'
The spread of wind farms across Scotland’s countryside is likely to accelerate in 2013, according to estimates showing more than 500 turbines will be built or have planning permission in the Borders alone by the end of the year | The Telegraph
TRANSACTIONS
Wolf expands Mongolian acreage
Australia’s Wolf Petroleum has been awarded a production sharing contract in eastern Mongolia | Upstream Online
DOF Subsea in contract haul
DOF Subsea has netted a haul of vessel contracts worth a total of $130 million for work in the North Sea and Asia Pacific regions | Upstream Online
Mermaid nets BHP contract
Australian mining giant BHP Billiton has awarded an offshore contract to Mermaid Marine Australia for a project off the north-west coast of Western Australia | Upstream Online
ARTICLES
US pair contracts Transocean rig for Oyo well
US oil and gas companies, Allied Energy and Camac Energy, have hired a Transocean semi-submersible to drill a delayed deep-water development well on the under-performing Oyo field off Nigeria | SweetCrude
What Stands in the Way of Natural Gas Replacing Gasoline in the US?
The natural gas revolution has brought big changes to the U.S. energy scene. Natural gas prices, which used to move closely together with oil prices, have plunged in the last five years, as the following chart shows | Oil Price
Oil sands' toxins 'accumulate in freshwater ecosystems'
Toxic pollutants released by oil sands mining operations are accumulating in freshwater ecosystems, research by Canadian scientists suggests | BBC
The Political Implications Of America’s Oil And Gas Boom – James Kwak Interview
As we begin a new year we wanted to take a look at the current energy landscape and see what the future holds for the global economy, America’s oil and gas boom, whether renewables will continue to be a favourite amongst investors and whether we should be focusing more attention on conservation and energy efficiency rather than our continuous effort to increase supply | Eurasia Review
Gerard: Industry poised to help US economy grow further in 2013
The US petroleum industry is making substantial contributions to improve the nation’s economic and energy security, and stands ready to do more in 2013, American Petroleum Institute Pres. Jack N. Gerard said in his annual State of American Energy Address | Oil & Gas Journal
VIDEO
Plunging Price of Ethane
The price of ethane, a natural gas liquid used to produce plastics, ethylene, propylene and other goods, is near an all-time low on the U.S. Gulf Coast. Platts Associate Editor Michael McCafferty looks at the factors behind the decline | Platts
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