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21 Nigeria’s crude cargoes for Feb. unsold
No fewer than 21 Nigeria’s crude cargoes for loading in February, or 31 per cent, remain unsold because of reduced European refining margins and rising United States’ shale oil output, said three traders who participate in the market | The Nation
Gas users call for limits on LNG exports
Large US natural gas users, including Dow Chemical, Alcoa, the aluminium company, and Nucor, the steelmaker, have formed an alliance to campaign for limits on the country’s exports of liquefied natural gas | Financial Times
U.S Manufacturers go to war with oil industry over gas exports
The petroleum industry and several big manufacturing companies are warring over whether U.S. regulators should allow a major expansion of liquefied natural-gas exports | EINNews
Chevron sees rosier fourth quarter
California-based supermajor Chevron expects a stronger fourth quarter compared to the painful preceding period based on improved production figures and a big asset deal | Upstream Online
U.S. : Incoming Senate energy chair stands firm in opposition to expanded LNG exports
Senator Ron Wyden would appear to have ample reason to support the expansion of LNG exports from the US | Platts
Brazil moving on new oil round
Brazil will move ahead with a long-awaited round of oil concession auctions in May following the resolution of a royalty dispute, authorities said Thursday | Upstream Online
Lebanon, Cyprus Look to Natural Gas Reserves
BEIRUT — Cyprus President Demetris Christofias and Lebanese President Michel Sleiman have agreed to boost cooperation and look into ways to explore offshore oil and gas fields that experts believe may have abundant natural gas deposits. But these energy fields lie in a politically tricky area in the waters between Lebanon, Cyprus and Israel | VOA
Turkey looks to speed up exploration
Turkey is drilling for oil and natural gas with more rigs than any European country and plans new rules in 2013 to speed exploration of energy supplies, according to a report | Upstream Online
Refiners Pursue More Pipelines amid Big Gains
New pipelines may provide new revenue for US refiners, which have seen big gains in 2012 and are now seeking to ride the wave of success | Oil Price
Nabucco Gas Pipeline, the entity operating the namesake project that is to supply natural gas to Europe, said in an official statement that a consortium of strategic investors has conditionally agreed to acquire half of a stake in the project. The consortium, Shah Deniz 2, will take a 50% share of the pipeline if it chooses Nabucco as its export route to European markets | MF
Court rules BP must release spill data
NEW ORLEANS, Jan. 10 (UPI) -- The public must know about toxic materials used in the April 2010 Gulf of Mexico oil spill and their potential health effects, a three-judge federal panel says | UPI
52 new oil-producing communities emerge in Delta
No fewer than 52 new oil-producing communities in Ika and Aniocha Local Government Areas in Delta North Senatorial District of Delta State have visited the leadership of Oil and Gas Producing Communities of Nigeria in Warri to identify with the organisation | SweetCrude
TRANSACTIONS
Topsides contract let for Mariner heavy oil field development
Topsides detailed engineering design for Statoil’s Mariner heavy oil field development in the North Sea will be performed by CB&I, Houston, under a $250 million contract let by Daewoo Shipbuilding & Marine Engineering Co. Ltd | Oil & Gas Journal
VIDEO
2013 oil outlook: changing trade flows & refinery expansions to impact global market
In this video Richard Swann, Joel Hanley and Simon Thorne analyze the changing dynamics of the ever more connected global oil market; how increasing US oil production and pipeline reversals could lead to the narrowing of the Brent-WTI price spread; the changing nature of the trans-Atlantic arbitrage for oil products; and the potential impact of planned refinery expansions in both Saudi Arabia & Russia | Platts
ARTICLES
Why Natural Gas Will Stay Cheap in 2013
Six weeks ago, natural gas bulls were riding high. By Thanksgiving, prices had more than doubled since hitting a decade low of $1.90 per million BTUs in April | Energy Tribune
Exporting the American Renaissance: Global Impacts of LNG Exports from the United States
A report by the Deloitte Center for Energy Solutions and Deloitte MarketPoint LLC. In a startling about-face, natural gas market forces have reversed course over the past several years. Expectations that the U.S. would become a major importer of liquefied natural gas (LNG) have been replaced by the possibility of the U.S. becoming a major LNG exporter | Deloitte
Argentina Winners: Strategies in Latin American Energy
A roucous 2012 in Latin American politics ended with a consolidated trend toward resource nationalism, but also with winning corporate strategies -Western and Chinese- that offer valuable lessons about how to capitalize on the region’s populist evolution | EnergyTribune
Venezuela’s phantom oil
SAN FRANCISCO (MarketWatch) — Venezuelan President Hugo Chávez won’t be at his inauguration ceremony today in Caracas. He’s still in Cuba and gravely ill following another round of heavy-duty cancer treatments | MarketWatch
Coal-fired power dominates UK generation mix
UK electricity generation shifted further from gas-fired power towards coal-fired generation in 2012, a trend that looks set to continue in 2013 as rising gas prices erode the profits of combined cycle gas turbine use -- allowing coal burn to soar in line with falling fuel and emissions allowance costs | Platts
Iran - Power Play in Strait of Hormuz
Incident: Iran has test-fired a newly upgraded missile system near the strategic oil and gas Strait of Hormuz in the Persian Gulf. The Raad (Thunder) missile system launches missiles with a 50-kilometer range and the capability of hitting targets at 22,000 meters. The Iranians also successfully tested underwater and surface-to-surface rockets | Oil Price
The New War for Afghanistan's Untapped Oil
I am looking out the window as men in grey turbans run from my building out onto the highway, their AK 47s at the ready. "There's been an accident," my Afghan guide, Danish calmly tells me. "Someone was just killed in the plaza here." | The Atlantic
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