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Petrobras creates program to assess potential and use of natural gas
Petrobras announces that its Executive Board has approved the creation of the Onshore Natural Gas Program (PRON-GAS), focused on the exploration, production and monetization of natural gas from the Brazilian onshore sedimentary basins, in conventional and non-conventional reservoirs | PennEnergy
Nigeria set to charge alleged oil thieves
Nigerian authorities are to charge 11 Nigerians, 10 Indians, and 2 Ghanaians with oil theft, after naval patrols intercepted two ships carrying oil and refined fuel in the creeks of the Niger Delta, according to a report | Upstream Online
New governor for oil-producing Saudi province
Saudi Arabia's King Abdullah appointed a former diplomat to run the kingdom's most sensitive region on Monday, naming Prince Saud bin Nayef as governor of oil-producing Eastern province, according to a report | Upstream Online
Brent steadies above $111 as US debt weighs on prices
Brent crude held steady above $111 per barrel on Tuesday after ending the previous session more than $1 higher, with the lack of an agreement over the US debt ceiling and a forecast increase in the country's oil inventory weighing on prices | UpstreamOnline
Platts announces OPEC pumps 30.65 million barrels of crude oil per day in December
LONDON, Jan. 14, 2013 /PRNewswire/ -- Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08 million b/d in November, led by a plunge in exports from both Saudi Arabia and Iraq, a just-released Platts survey of OPEC and oil industry officials and analysts showed | Oil & Gas News
UK opposes Arctic drilling ban
The UK government opposes a stop to oil and gas drilling in the Arctic it has said in a report today, dismissing a parliamentary committee call to impose an exploration ban in the environmentally fragile region | Oil Voice
Tilted SembMarine Jackup Restored to Original Upright Position
Sembcorp Marine announced Tuesday that it has successfully restored the Noble Regina Allen (400' ILC) jackup that tilted on Dec. 3, 2012, to its original upright position following planned recovery and restoration operations on Jan. 14, 2013 | Rigzone
Saudi Arabia trying to prop up oil prices above its target of $100 a barrel? Most likely not. Riyadh denies it – and some statistics support its position | Financial Times
Dana Petroleum announces first oil production from Cormorant East Field in Northern North Sea
First oil has been brought on line from Cormorant East, a newly discovered oil field, in which Dana Petroleum has a 20 per cent stake | Oil & Gas News
Amplats outlines radical SA overhaul
Anglo American Platinum, the world’s biggest producer of the precious metal, is to close four shafts and look to sell another mine complex as part of a radical overhaul of its South African operations | Financial Times
An Alarm in the Offing on Climate Change
The natural conservatism of science has often led climatologists to be cautious in their pronouncements about global warming. Indeed, more than once they have drawn criticism for burying their fundamental message – that society is running some huge risks — in caveats and cavils | NewYorkTimes
TRANSACTIONS
Allied Energy, Transocean ink deal for Nigerian drilling
Allied Energy, operator of Nigerian deep water blocks OML 120 and 121, has signed a Deed of Assignment with Transocean and Nigerian Petroleum Development Corporation Limited for the Sedneth 701 (mid-water semisub) to perform drilling of the Oyo No. 7 well | SweetCrude
Alstom signs $334MM parts contract for 11 gas turbine power units in Libya
In late December 2012, Alstom signed a €250 million* (US$334 million) contract with the General Electricity Company of Libya (GECOL) to supply spare parts for 11 gas turbine units at five different power plant locations. The 11 GT13 turbines were originally provided by Alstom. The contract also includes a package of strategic spares for use across GECOL’s installed base | PennEnergy
Ultra-deepwater Semi-submersibles Ordered by Frigstad Offshore
Subsidiaries of Frigstad Deepwater Ltd sign construction contracts for two ultra deepwater semi-submersible drilling units from CIMC Raffles in Yantai, China | MarineLink
Titan Energy raises A$3.16M, continues Texas oil and gas drilling
Titan Energy (ASX: TTE) has raised A$3.16 million to further its strategy of exploration and remedial activities at the Allen Dome Salt Dome field in Texas | Proactive Investors
Hess budgets $2.7 billion for unconventional plays in 2013
Hess Corp. has announced a 2013 exploration and production budget of $6.7 billion, of which 40% will be dedicated to unconventional oil and gas plays | Oil&GasFinancialJournal
AUDIO
Fuel oil 2012 and outlook: fundamental changes on horizon
Platts takes a look back at a tumultuous year for the European fuel oil market, starting with soaring premiums for high sulfur fuel oil and ending in a flood of supply. Low sulfur fuel oil followed its own path, gaining strength mid-year from North American bunker fuel emission legislation, and then European refinery maintenance in Q3, before slumping along with high sulfur fuel oil on the back of weak bunker fuel demand. But what trends will be driving the market this year and onwards? Benno Spencer, managing editor, EMEA crude, and Ned Molloy, editor, EMEA fuel oil, discuss | Platts
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
Is Shell really Arctic ready?
There are two important lessons from the mounting problems facing Shell as a result of the series of accidents that have afflicted itsdrilling programme in the Arctic | Financial Times
Implementing Dynamic Pricing – Meter Configuration Trade-offs
Utilities choosing to implement Smart Grid solutions have many business and technical options which can lead to improved operational and asset efficiencies and enablement of demand management programs | Deloitte
Regulation & The Environment: Pondering Israel’s natural gas export policy
Israel’s elections this year have an issue that hasn’t been on the agenda previously: what to do with the natural gas bonanza it will start to reap in coming years. Platts’ Jerusalem correspondent Neal Sandler reviews the issue in this week’s Oilgram News column, Regulation & The Environment | Platts
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