Developments in International Oil & Gas | Energy | Extractive Industries
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NIPCO targets 150 retail outlets in 2013
NIPCO Plc, an indigenous joint venture downstream player, says it plans to construct an 75 service station to its already 150 retail outlet across the country for year 2013 | SweetCrude
North Sea pipeline shut after leak found
A pipeline network handling about 6 per cent of total UK oil production was shut down on Tuesday after Abu Dhabi National Energy discovered a leak at one of its North Sea platforms | Financial Times
Oil exports boost Nigeria revenues to 581 bln naira in Dec
ABUJA (Reuters) - Nigeria's government earned gross revenues of 581 billion naira in December, an increase of 2 percent on the previous month, owing to higher oil exports and despite problems with production, the accountant general said on Tuesday | Reuters
NPDC commences gas expansion projects to boost power generation
To meet Nigerian government’s aspiration to boost power generation in the country, the Nigeria Petroleum Development Company Limited, NPDC, has commenced delivery of 65 million standard cubic feet per day of gas into domestic market from Oredo field in Oil Mining Lease, OML 111 | SweetCrude
TGS launches Liberia survey
Norwegian seismic player TGS has kicked off a 3D multi-client survey on prospective acreage off Liberia | Upstream Online
TRANSACTIONS
Chinese firm to set up $7.5bn refinery in C-River
A Chinese firm, Sino Arab Energy, SAE, in partnership with a local firm, Osabo Refining and Petrochemical Industry Limited, have concluded plans to build a refinery in Akpabuyo Local Government Area of Cross River State | SweetCrude
Faroe wins eight Norwegian blocks
UK-listed Faroe Petroleum has won eight new exploration licences on the Norwegian continental shelf | Upstream Online
GE Oil & Gas (NYSE: GE) has won a contract worth more than US$500 million to supply turbomachinery equipment and services to Petrobras, a world leader in deep-water oil production. The contract will serve the four new floating production, storage and offloading units (FPSOs P-74, P-75, P-76 and P-77) in the Cessão Onerosa region of the Santos Basin pre-salt fields, in the state of São Paulo | Oil Voice
GE Oil & Gas, Petrobras sign supply contract
United States-based GE Oil and Gas has signed a $US500 million ($A475.26 million) contract with Brazil's Petrobras to supply the largely state-owned oil giant with equipment and machinery for its deep water offshore oil platforms | Business Spectator
ARTICLES
Exporting the American Renaissance: Global Impacts of LNG Exports from the United States
In a startling about-face, natural gas market forces have reversed course over the past several years | Deloitte
Supply issues underscore strong year for Europe's diesel market
The year began with independent refiner Petroplus announcing its insolvency on January 24, leaving a question mark over production of some 580,000 b/d of European refining capacity at the company's five refineries | Platts
America, The Saudi Arabia of Tomorrow
We pay a lot of attention to revolutions when they emerge suddenly and violently, but when a transformation arrives gradually and peacefully it’s easy to miss | Energy Tribune
Good policies crucial to US refining success, API official says
A strong US energy future heavily depends on being able to refine reliable motor fuels, suggested Cindy Schild, refining senior manager at the American Petroleum Institute. Sound decisions on the proposed Keystone XL crude oil pipeline, the Renewable Fuels Standard, and refinery regulations could make a major positive difference, she maintained | Oil & Gas Journal
AUDIO
North Sea crude facing up to South Korean arb and poor margins
Joel Hanley , associate editorial director EMEA crude and dirty products, and Benno Spencer, managing editor EMEA crude, discuss the recent market dynamics in the key benchmark Dated Brent market, focusing on Forties crude production, prices and how the South Korean arbitrage has affected the grade this year, as well as looking at European refining margins and recent run-cuts | Platts
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 | Platts
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