TOP NEWS PICK: MAY 9, 2013

Developments in International Oil & Gas | Energy | Extractive Industries

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NEWS
UK’s Solo Oil plans West Africa stake
UK-listed Solo Oil is planning to acquire a stake in a Switzerland-based company with farm-in deals lined up in West Africa | SweetCrude

Offshore Wind Energy in Europe: €130 Billion Market By 2020
Offshore wind power may yet not match the overall strength of onshore wind, but the industry is on course grow rapidly to become an €130 billion global market by 2020 | The Energy Collective

Shell inaugurates N355 community development projects in Bayelsa
The Shell Petroleum Development Company, SPDC, has, in Yenagoa, inaugurated 10 community development projects in its host communities at Nembe in Bayelsa | SweetCrude

Geologists study mystery of 'eternal flames'

BLOOMINGTON, Ind. -- "Eternal flames" fueled by hydrocarbon gas could shine a light on the presence of natural gas in underground rock layers and conditions that let it seep to the surface, according to research by geologists at the Department of Geological Sciences and the Indiana Geological Survey at Indiana University Bloomington | IU News Room

Wind, Solar to add 250mw to Uganda’s power grid
Uganda’s Electricity Regulatory Authority, ERA, plans to add 250megawatts, mw, of electricity to the country national grid through 11 wind and solar power projects | SweetCrude

TRANSACTIONS
Ghana signs $14m agreement with Japan for power sector development
Ghana and Japan have signed agreement on a US$14 million grant in support of the former’s power distribution system project | SweetCrude

ARTICLES
Is the price of Freedom too high? Kinder Morgan's crude pipeline to California
Kinder Morgan is conducting an open season to convert an El Paso Natural Gas pipeline to crude oil service from the Permian Basin in West Texas to California refineries | Oil & Gas Financial Journal

AUDIOS
European diesel prices stay strong after refinery maintenance
Tim Worledge, managing editor EMEA Oil, and editors Charles Goldner and Olivier Lejeune discuss the state of the European diesel market, which has showed unexpected strength despite the end of the refinery maintenance season and continued poor oil consumption in many European countries | Platts

VIDEOS
US natural gas market sees inventories fall below the 5-year average
In this video, Jeff Mower and Samantha Santa Maria, discuss US natural gas prices having risen considerably in 2013, as winter demand has reduced inventories | Platts