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Nigeria says signs $1 bln MoU with GE for factory
ABUJA (Reuters) - Nigeria signed a memorandum of understanding with General Electric on Thursday for $1 billion in investment over the next five years into a factory in the southeast, the trade ministry said | Reuters
Pakistan government ratifies $1.5 bil Iran gas pipeline project
Pakistan government has ratified the $1.5 billion Iran pipeline project, which will bring around 750,000 Mcf/day of gas to the energy-starved country by January 2015, an official from petroleum ministry said Thursday | Platts
US gas output hits new record high
Gross natural gas production in the lower 48 US states in November climbed to a record high for a third month, gaining 0.6% from downwardly revised October output, data from the US Energy Information Administration showed on Thursday | Upstream Online
Shell CEO: No Recovery for Natural Gas in 2013
Shell CEO Peter Voser told CNBC he doesn't expect a major recovery in natural gas prices in the U.S., after the Nymex-traded futures contract rebounded 24 percent from a year ago to $3.23 per million British thermal units | CNBC
OECD: Subsidies to oil and gas companies falling in Global North
Fossil fuel subsidies are increasing, but new data suggests the source of the growth is from support for energy users rather than from handouts to big oil producers | RTCC
P-63 FPSO docks in Brazil
After months of delays, the P-63 floating production unit has made its temporary home in Brazil's Port of Rio Grande, Petrobras and the Quip consortium said Thursday | Upstream Online
A bipartisan group of US lawmakers on Thursday introduced a bill that would allow liquefied natural gas exports to North Atlantic Treaty Organization members, Japan and other countries | Platts
China Oilfield eyes new rigs to cope with rising offshore China demand
China National Offshore Oil Corp's drilling subsidiary China Oilfield Services is actively planning new vessels to cope with higher demand offshore China, the company said in its annual strategy preview on Thursday | Platts
US ban on LNG exports would violate WTO rules - experts
WASHINGTON, Jan 31 (Reuters) - The United States would violate global trade rules and damage its credibility if it decides to subsidize steel, chemical and other manufacturers by restricting exports of liquefiednatural gas after years of pressing other countries like China to drop restrictions on natural resource exports, experts said | Reuters
Oil production begins from PSVM project offshore Angola
BP PLC reported that oil production has started from the Pluto, Saturn, Venus, and Mars (PSVM) oil fields development area on Block 31 offshore Angola | Oil & Gas Journal
Reserves challenge clouds Shell's growth ambitions
LONDON (Reuters) - Anglo-Dutch oil company Royal Dutch Shell (Xetra: A0ET6Q - news) is struggling to replace its oil and gas reserves as it pushes ahead with plans to produce more, invest more, and pay a higher dividend | Reuters
Nigeria: Subterfuge, misinformation characterise Egina $13.35bn project award
Investigations have revealed that the recommendations of the Group Executive Committee, GEC, of the Nigeria National Petroleum Corporation, NNPC to the Board, regarding award of the Egina project valued at $13.35 billion has been characterised by subterfuge and deliberate misinformation to justify imposition of particular contractors | SweetCrude
Iran crude oil exports rise to highest since EU sanctions
Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions | DNA
BP’s Iraq boss moves to Russia
BP’s head of Iraq operations is taking up the supermajor’s top job in Russia as the present incumbent steps aside | Upstream Online
25 die in Mexico oil company office building blast
MEXICO CITY (AP) -- Rescuers searched the rubble for survivors and authorities promised a thorough investigation after an office building blast killed 25 people and injured 101 at the headquarters of Mexico's state-owned oil company, Petroleos Mexicanos | Associated Press
Sacramento Launches $100-Million Energy Retrofit Fund
Sacramento, California – Sacramento commercial and residential property owners can now install energy-saving equipment at no upfront cost. Yesterday, local political leaders, including Mayor Kevin Johnson, announced the launch of Clean Energy Sacramento, a property assessed clean energy (PACE) program operated by Ygrene Energy Fund | Forbes
Boeing defends Dreamliner batteries
US aircraft manufacturer stands firm on use of lithium-ion batteries in 787 passenger jets amid safety concerns | Al Jazeera
TRANSACTIONS
Wood Group Kenny in Indonesia awarded subsea feed for INPEX Abadi LNG project
Wood Group Kenny has been awarded an $8.6 million contract by INPEX Masela, Ltd | YourIndustryNews
AFL announces industry leaders join forces to deliver robust air-blown fiber optic cabling systems
Two of the world’s most innovative companies, AFL and Dura‑Line, have brought air-jetted cabling solutions to the 21st century | YourIndustryNews
H&P orders rigs, posts profit hike
US independent Helmerich & Payne has inked an order along with two oil companies for a trio of land drilling rigs | Upstream Online
ARTICLES
Kenya: Will Geothermal Energy Bring Power to the People?
Kenya is investing lots of hope and money in the Bogoria-Silali geothermal energy complex which it hopes will boost industry and encourage clean energy consumption | All Africa
China's reliance on oil-gas imports growing: report
China is increasingly reliant on oil-gas imports and the country faces severe challenges in meeting its energy demands, a report released by China National Petroleum Corporation (CNPC) showed Wednesday | Energy.China
IRAQ: Legal conflict looms as oil politics deteriorate
ERBIL - Leaders in Erbil and Baghdad are approaching what could be a decisive confrontation in their long-standing dispute over oil policy and autonomy: a legal battle over the Kurdistan Regional Government's (KRG) independent crude exports | IraqiOilReport
VIDEO
How well has the North Asian LNG market weathered the harsh winter?
As we near the end of the North Asian winter buying season, and with record low temperatures having been reported in the region, LNG supply and demand fundamentals have come under the spotlight, especially against a backdrop of a lack of nuclear power. Vandana Hari, Platts Asia editorial director, and LNG editors,Chloe Hang and Max Gostelow, discuss in-depth how effectively the LNG market has weathered this winter so far | Platts
CONFERENCES & TRAINING
SPE Offshore Europe
SPE Offshore Europe is the largest upstream oil and gas exhibition and conference outside North America, and is held every two years in Europe’s energy capital of Aberdeen. September 2013 will be the event’s fortieth anniversary, strengthening even further the claim that Aberdeen – and the UK as a whole – is a globally recognised centre of oil and gas industry knowledge, experience and excellence | Offshore-Europe
CWC Nigeria Oil & Gas Conference 2013
Under the patronage of the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC), Nigeria Oil & Gas continues to be the meeting place for key industry players within the Nigerian energy sector to meet, hear the latest industry updates and do business | CWCNOG
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