| Oil Contracts | Oil Stocks | Oil Pollution | OPEC News | General Oil News | Biofuels
Jump to : Upcoming Oil & Gas Conferences | Upcoming Oil & Gas Training
| Worldoils Advertisements | |
FPSO For Time Charter .gif) | |
|
|||||
| Worldoils Homepage | |||||
|
Jump to :
Oil Prices
| Rig News
| Oil Exploration
| Oil Demand/Consumption
| Oil Output
| Oil Transportation
| Oil Companies | Oil Contracts | Oil Stocks | Oil Pollution | OPEC News | General Oil News | Biofuels Jump to : Upcoming Oil & Gas Conferences | Upcoming Oil & Gas Training |
|||||
|
|||||
| |||||
| 1. News on Oil Prices | |
 | 17 May 2012 : Washington gas prices hits $4.20, while national average at $3.73 {mynorthwest.com} |
| The average price for gas in Washington state is at $4.20 a gallon. Meanwhile, the national average price dropped 5 cents to $3.73 . . . | |
| | 17 May 2012 : UK gas prices fall as main Norway supply restarts {Reuters} |
| British prompt gas prices fell on Wednesday morning ahead of the scheduled return from maintenance of Norway's Ormen Lange gas processing plant, which is expected to boost supplies . . . | |
| | 17 May 2012 : Oil rises above $93 as traders mull Europe turmoil {ktvu.com} |
| Oil prices hovered near $93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp sell-off during the last two weeks . . . | |
| | 17 May 2012 : Oil down about 13 per cent since the beginning of May, pump... {canadianbusiness.com} |
| Benchmark U.S. crude on Wednesday fell by US$1.17 to finish at a seven-month low of $92.81 per barrel in New York. Oil is down nearly 13 per cent since the beginning of May . . . | |
| | 17 May 2012 : Lower oil prices ease load on consumers and Obama {Businessweek.com} |
| Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever . . . | |
| | 17 May 2012 : Oil prices fall to 7-month low as supplies grow {NDTV} |
| The price of oil continues to decline on the expectation that world markets will be flush with extra supplies this year . . . | |
| | 16 May 2012 : Oil prices fall as risk appetite declines {business-standard.com} |
| Oil prices slid with world shares and the euro on Wednesday as investors fled from riskier assets, while a surprise build in US crude inventories helped send the WTI . . . | |
| | 16 May 2012 : Americans spending a bit more as gas prices fall {Businessweek.com} |
| Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead . . . | |
| | 16 May 2012 : Rupee-hit power producers seek stable gas prices now {Economic Times} |
| Indian power producers have asked the oil ministry to ensure stability in natural gas prices so that plants generating electricity from the fuel remain viable . . . | |
| | 16 May 2012 : Kuwait’s oil savings may be exhausted by 2017: IMF {Kuwait Times} |
| Kuwait will have exhausted all its oil savings by 2017 if it keeps on spending money at the current rate, the International Monetary Fund . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
| Worldoils Advertisements | ||||
|
||||
| 2. Rig News | |||||||||
| | 16 May 2012 : Work finally starts to halt huge gas leak from North Sea rig {clickgreen.org.uk} | ||||||||
| Work has started today to cap a massive gas leak from a stricken platform in the North Sea's Elgin field . . . | |||||||||
| | 15 May 2012 : BHP predict natural gas rig count to fall {community.nasdaq.com} | ||||||||
| BHP Billiton Ltd. on Monday highlighted the quick payback shale production offers, although the head of the company's petroleum unit said the number of . . . | |||||||||
| | 15 May 2012 : Statoil secures rig for drilling offshore Newfoundland {Market Watch} | ||||||||
| Statoil has reached an agreement to use Seadrill's West Aquarius deepwater drilling rig for Statoil's 2012-2013 exploration activities offshore Newfoundland, Canada . . . | |||||||||
| | 15 May 2012 : Elgin gas leak operation under way at Total platform in North Sea {BBC} | ||||||||
| The operation to stop gas leaking from the Elgin platform in the North Sea is under way . . . | |||||||||
| | 14 May 2012 : Seadrill eyes more newbuilds on strong profits {upstreamonline.co} | ||||||||
| The Oslo-listed company posted a net profit of $439 million, topping a mean forecast of $309 million in a Reuters poll of analysts, compared with . . . | |||||||||
| | 14 May 2012 : Weekly US oil gas rig count up by 9 to 1974 {steelguru.com} | ||||||||
| Houston based oilfield services company Baker Hughes Inc reported that the number of rigs actively exploring for oil and natural gas in the US is up nine this . . . | |||||||||
| | 13 May 2012 : Iranian oil minister underline manufacturing of drilling rigs {farsnews.com} | ||||||||
| Iranian Oil Minister Rostam Qassemi said manufacturing contracts of 12 drilling rigs will be signed with Iranian . . . | |||||||||
| | 12 May 2012 : Ocean Rig UDW Inc. announces signing of three-year drilling... {supplychaindigital.com} | ||||||||
| Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, today announced that it has signed definitive documentation, following the previously . . . | |||||||||
| | 12 May 2012 : Preliminary investigation results released in Chesapeake... {douglas-budget.com} | ||||||||
| The Oil and Gas Conservation Commission has released their preliminary findings on the Chesapeake oil rig that suffered a natural gas and drilling mud leak April 24-27 approximately . . . | |||||||||
| | 12 May 2012 : US natgas drilling rig count hits new 10-yr low {Reuters} | ||||||||
| The number of rigs drilling for natural gas in the United States fell this week to the lowest level in 10 years as still-low gas prices encouraged producers to further slow dry gas operations . . . | |||||||||
| More rig news | ^Jump to the top^ | |||||||||
| |||||||||
| 3. News on Oil Exploration | |
| | 17 May 2012 : Oriental Energy, Afren exploration discovers oil in Ebok {businessdayonline.com} |
| Oriental Energy Resources and AfrenNigeria an independent oil & gas company listed on the Main Board of the London Stock Exchange, with a diversified portfolio of production . . . | |
| | 17 May 2012 : BG has Cretaceous gas find off southern Tanzania {ogj.com} |
| BG Group is preparing to spud its sixth wildcat offshore southern Tanzania after reporting a fifth gas discovery at the Mzia-1 exploratory well on Block 1 . . . | |
| | 17 May 2012 : Eni makes giant gas find off Mozambique {upstreamonline.com} |
| Italy’s Eni said it has made a giant gas find at its Coral 1 prospect in Area 4 off Mozambique . . . | |
| | 17 May 2012 : California oil find would benefit Israeli company {jpost.com} |
| The Golden State is already home to five of the 12 largest oil fields in the US, and the California Division of Oil, Gas & Geothermal Resources estimates that more than 35 billion . . . | |
| | 16 May 2012 : Aminex quits North Korea {upstreamonline.com} |
| UK-listed explorer Aminex has said it will finally quit efforts to explore the Democratic People's Republic of Korea (North Korea) after eight years of trying amid the country’s intractable . . . | |
| | 16 May 2012 : Fears grow about spread of seismic exploration {abc.net.au} |
| Conservationists and commercial fishermen are calling on the Federal Government to reverse its decision to allow oil and gas exploration in some areas off the Northern . . . | |
| | 16 May 2012 : Otis Energy confirms Catahoula Lake oil and gas discovery... {proactiveinvestors.com.au} |
| Otis Energy has made an oil and gas discovery with the second well at its Catahoula Lake Project in Louisiana . . . | |
| | 16 May 2012 : ONGC Videsh Limited pulls out of block in South China Sea {Times of India} |
| ONGC Videsh, the overseas arm of state-owned ONGC, has temporarily pulled out of a choppy offshore oil block in Vietnam in the disputed South China Sea at a time . . . | |
| | 15 May 2012 : Anadarko makes Mozambique discovery {upstreamonline.com} |
| Houston-based Anadarko Petroleum has made a new gas discovery in the Golfinho exploration well on the Area 1 Block in the Rovuma basin off Mozambique . . . | |
| | 15 May 2012 : IEC eyes Cyprus gas exploration {ynetnews.com} |
| Over the past weeks, Israel Electric Corporation (IEC) has been conducting talks to participate in a Cypriot government gas exploration tender, which includes 12 . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
| Worldoils Advertisements | |||
|
|||
| 4. News on Oil Demand and Oil Consumption | |
| | 15 May 2012 : UK gas prices sink on poor demand, ample supply {Reuters} |
| British prompt gas prices sank on Monday due to ample supply and below-average demand but upcoming maintenance outages and cooling temperatures may drive gains . . . | |
| | 14 May 2012 : Oil falls to five-month lows as demand ebbs {smh.com.au} |
| Oil fell to the lowest price in almost five months in New York and Brent crude slid in London after Saudi Arabia's oil minister . . . | |
| | 16 May 2012 : Japan utilities' April gas consumption rises y/y {Reuters} |
| Japan's 10 utilities consumed more natural gas in April than a year earlier to generate electricity to compensate for a record-low nuclear plant utilisation rate, industry data . . . | |
| | 11 May 2012 : China's imported oil dependence continues rise {chinadaily.com.cn} |
| Oil consumption climbed 2.53 percent year-on-year to 445 million tons last year, while crude oil output inched up 0.5 percent to 204 . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
| Worldoils Advertisements | |
  |
|
| 5. News on Oil Output | ||||||
| | 17 May 2012 : North Sea oil output at 2012 low, supporting Brent crude {edmontonjournal.com} | |||||
| Crude oil output from the North Sea will fall by 2.8 per cent in June to its lowest this year due to oilfield glitches and natural declines, helping support the price of global . . . | ||||||
| | 16 May 2012 : OPEC reports soaring Venezuelan production by 2.8% {eluniversal.com} | |||||
| In April, in terms of volume of production, Venezuela ranked sixth among the 12 Member States of the Organization of Petroleum Exporting Countries (OPEC), according . . . | ||||||
| | 16 May 2012 : North Dakota becomes US's 2nd-leading oil producer {Economic Times} | |||||
| North Dakota has passed Alaska to become the second-leading oil-producing state in the US, trailing only Texas, state officials said on Tuesday. . . . | ||||||
| | 16 May 2012 : Gas from KG-D6 drops to about 32 mmscmd {business-standard.com} | |||||
| Reliance Industries has reported that natural gas production from its eastern offshore KG-D6 fields has dropped to about 32.66 million standard cubic meters per day . . . | ||||||
| | 16 May 2012 : Petrobras unable to estimate 2012 oil output-CFO {Reuters} | |||||
| Brazil's state-led oil company Petrobras is unable to predict how much oil it will produce this year, Chief Financial Officer Almir Barbassa told reporters in Rio de Janeiro . . . | ||||||
| | 16 May 2012 : Colombia oil production hits 2012 high {colombiareports.com} | |||||
| Colombia's oil output reached 955,000 barrels a day in April, the largest yield this year, the Ministry of Mines and Energy announced Tuesday . . . | ||||||
| | 16 May 2012 : Brazil's OGX says oil output doubles with new well {Reuters} | |||||
| Brazilian oil start up OGX said its daily oil output would double to 23,000 barrels from Tuesday as a new well was brought on line in its offshore Waimea complex where the . . . | ||||||
| | 15 May 2012 : Norway sees steady petroleum output for several years {Reuters} | |||||
| Norway expect its oil and gas output to remain broadly unchanged at around 220 million standard cubic meters in 2012 and over the next few years, the finance . . . | ||||||
| | 15 May 2012 : 8 development plans for oil, gas fields approved {thejakartapost.com} | |||||
| Upstream oil and gas authority BPMigas reported over the weekend that as of April the agency had approved plans of development (POD) for eight oil and gas fields, seven . . . | ||||||
| | 15 May 2012 : Moody's downgrades RIL to credit negative on dip in gas output {hindustantimes.com} | |||||
| Global credit rating agency Moody's has downgraded Reliance Industries Ltd (RIL) as credit negative following the downward revision in the company's assessment . . . | ||||||
| More Oil Output News | ^Jump to the top^ | ||||||
|
||||||
| 6. News on Oil Transportation | |
| | 17 May 2012 : Bulgaria, Gazprom power ahead with South Stream gas pipeline {emg.rs} |
| Bulgarian Economy and Energy Minister Delyan Dobrev and the head of Russian energy giant Gazprom Alexei Miller have concluded that the construction of the South Stream . . . | |
| | 17 May 2012 : Ukraine eyes up to 10% stake in the Trans-Anatolian gas pipeline {platts.com} |
| Ukraine is looking to take a stake of up to 10% in the Trans-Anatolian Pipeline Project (TANAP) gas route and hopes to continue talks on the issue once an intergovernmental agreement . . . | |
| | 17 May 2012 : Trans Alaska Pipeline plans five maintenance shutdowns {Reuters} |
| The Trans Alaska Pipeline will shut down briefly on Friday, the first in a series of up to five maintenance shutdowns planned for the summer, operator Alyeska Pipeline Service Co . . . | |
| | 17 May 2012 : Proposal for Nabucco West scenario submitted to Shah Deniz II consortium {trend.az} |
| The Nabucco Consortium submitted a proposal to the Shah Deniz II Consortium for the construction of a Nabucco West pipeline, which would bring Caspian gas from the . . . | |
| | 17 May 2012 : Baku-Supsa pipeline suspended for maintenance {news.az} |
| From 15 May, Baku-Supsa pipeline has been suspended for a scheduled maintenance . . . | |
| | 17 May 2012 : Abbotsford/Chilliwack group opposes pipeline expansion {aldergrovestar.com} |
| In the Chilliwack/Abbotsford area, opposition is growing to the proposed twinning of Kinder Morgan’s Trans Mountain Pipeline from Edmonton to Burnaby . . . | |
| | 17 May 2012 : Enbridge plans reversal of oil pipeline to supply central Canada {CBC news} |
| Enbridge is planning to reverse the flow of a key oil pipeline to boost the supply of Western Canadian oil to markets in Ontario and Quebec . . . | |
| | 16 May 2012 : U.S. may offer shale gas in liquefied form to India {thehindu.com} |
| India and the U.S., on Tuesday, held talks on weaning New Delhi away from dependence on Iranian oil and while both sides stated their known positions on the issue, one positive . . . | |
| | 16 May 2012 : Afghan security dampens Turkmenistan’s plan of major gas deal {pakistantoday.com.pk} |
| Turkmenistan is reportedly gearing up to sign a natural gas agreement with Afghanistan, Pakistan and India by the end of this month in a move that would provide the foundation . . . | |
| | 16 May 2012 : Russian pipeline projects to gain from Nabucco woes {rt.com} |
| Doubts over the Nabucco gas pipeline’s future are growing, after Germany warned it may follow in Hungary's footsteps and walk out of the project . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
| Worldoils Advertisements | |
| 7. News on Oil companies | |
| | 17 May 2012 : PetroChina to develop Canadian LNG {chinadaily.com.cn} |
| PetroChina Co Ltd, the listed arm of China's largest gas producer, announced on Wednesday that it would jointly develop a proposed liquefied natural gas export facility . . . | |
| | 17 May 2012 : Krishna-Godavari field finder Bastia quits RIL {Times of India} |
| Ravi Narayan Bastia, the man credited with making the biggest gas find of 2002 for Mukesh Ambani's Reliance Industries (RIL), has quit the company amid sagging production . . . | |
| | 17 May 2012 : Tullow Oil expects up to 86,000 barrels a day {irishtimes.com} |
| Exploration group Tullow Oil told shareholders yesterday that it expects production from its wells to run at between 70,000 and 86,000 barrels a-day this year . . . | |
| | 16 May 2012 : Japan firms eye $4.4b stake in Wheatstone gas {smh.com.au} |
| A group of Japanese firms is in talks to pay $4.4 billion for a stake in the Wheatstone gas field that had been set aside for bailed-out nuclear operator Tepco, as the country . . . | |
| | 16 May 2012 : GAIL, OIL among 11 firms bidding for stake in Mukesh Ambani's firm {NDTV} |
| leven firms, including state-run GAIL (India) and Oil India, have bid to buy stake in billionaire Mukesh Ambani's privately owned firm Reliance Gas Transportation Infrastructure Ltd . . . | |
| | 16 May 2012 : Anderson Energy sees deeper loss on low natural gas pricing {calgaryherald.com} |
| Junior oil and gas producer Anderson Energy reported lower cash flow and a deeper net loss for the first quarter as depressed natural gas prices and wide oil differentials . . . | |
| | 16 May 2012 : KazMunaiGas EP profit up in Q1 on high oil price {Reuters} |
| Kazakh oil producer KazMunaiGas Exploration Production said on Tuesday net profit rose 27 percent year-on-year in the first quarter of 2012 due mainly to . . . | |
| | 16 May 2012 : Weak rupee burdens oil importing companies {moneycontrol.com} |
| Global oil prices may have slipped over the last few weeks, but for Indian oil importers, this is of little relief since a weak rupee means their import bills just became larger . . . | |
| | 15 May 2012 : China's Sinopec launches first shale gas project {Reuters} |
| Sinopec Group, China's second largest oil and gas producer, has launched its first shale gas project and plans to develop production capacity of 300-500 million cubic metres . . . | |
| | 15 May 2012 : Bankers Petroleum shares hit by output problems {Globeandmail.com} |
| The Calgary oil company, which has assets in Albania, has struggled in recent years to meet targets set by management and the market lost patience Monday . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 17 May 2012 : Macquarie in $4b deal for European gas grid {smh.com.au} |
| A consortium led by Macquarie Group has bought the Open Grid Europe gas distribution network for $4 billion from E.ON, Germany's largest utility . . . | |
| | 17 May 2012 : National Gas inks deal to buy Shell's Malaysian LPG assets {timesofoman.com} |
| National Gas Company, the largest gas production and distribution firm in the Sultanate, signed an agreement to acquire Shell's oil share in the sector of production and . . . | |
| | 17 May 2012 : URS wins contract for Canadian oil sands project {Businessweek.com} |
| URS Corp. said Wednesday that it has been awarded a contract worth up to $130 million for work on an oil sands project in Alberta, Canada . . . | |
| | 17 May 2012 : Tethys wins oil contract in Uzbekistan, awaits more {Reuters} |
| Tethys Petroleum said it hopes to strike a deal with Uzbekistan this year to develop a highly prospective block, after winning the right to develop another oilfield in the Central Asian nation . . . | |
| | 17 May 2012 : Kenya near to sealing more offshore oil search deals {Reuters} |
| Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said . . . | |
| | 16 May 2012 : Bolivia aiming for Petrobras contracts {upstreamonline.com} |
| Bolivia's state energy company YPFB plans to negotiate three new contracts with Brazil's Petrobras to explore natural gas fields in the southern province of Tarija, the . . . | |
| | 16 May 2012 : PNG signals end for InterOil LNG deal {theaustralian.com.au} |
| The Papua New Guinea government has not yet formally terminated a liquefied natural gas project being led by InterOil Corp, but has signalled . . . | |
| | 16 May 2012 : Repsol sues Argentina in N.Y. over initial public offering {Businessweek.com} |
| Repsol YPF SA, the Spanish oil exploration company, sued Argentina in U.S. court in Manhattan over its initial public offering, seeking unspecified damages for an . . . | |
| | 16 May 2012 : Giants sign T&T oil exploration deals {stabroeknews.com} |
| Trinidad Express International energy giants BP and BG Trinidad and Tobago yesterday signed three production sharing contracts for oil and gas exploration as a . . . | |
| | 15 May 2012 : Schweitzer inks oil and gas tax deal with Blackfeet Tribe {kpax.com} |
| Governor Brian Schweitzer (D-MT) has signed an oil and gas tax agreement with the Blackfeet Tribe that lays out how oil and gas companies which are drilling on tribal lands . . . | |
| More news on oil contracts | ^Jump to the top^ | |
| Worldoils Advertisements | |
| 9. News on Oil stocks | |
| | 16 May 2012 : US crude stocks surge again, Cushing jumps 2.8 mln bbls- API {Reuters} |
| U.S. crude stocks surged again last week, with the increase nearly four times more than what analysts had expected, due in part to stocks at the key Cushing oil hub . . . | |
| | 14 May 2012 : Taiwan stocks down; Euro woes weigh {indiatimes.com} |
| Taiwan stocks opened down 0.16 percent on Monday, dragged down by oil and gas counters and cement shares, as risk-averse investors . . . | |
| | 14 May 2012 : Oman LNG revenues soar to $3.963bn in 2011 {omanobserver.om} |
| Oman LNG, the Sultanate’s primary liquefied natural gas company, has reported a hefty increase in revenues for fiscal 2011, which . . . | |
| | 13 May 2012 : Qatar buys major stake in oil giant Shell {kippreport.com} |
| Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in . . . | |
| | 10 May 2012 : Oil and gas stocks lead the rally {MSN} |
| Oil and gas and banking stocks witnessed maximum buying interest, while IT stocks witnessed maximum selling pressure . . . | |
| | 9 May 2012 : Market Watch: Oil stocks drag down bourse {tribune.com.pk} |
| A slump in market-mover oil stocks dragged down the entire index on Tuesday as international oil prices continue their downward trend . . . | |
| | 6 May 2012 : Kosmos terminates acquisition plans for Sabre Oil's stake in Tano block {myjoyonline.com} |
| Kosmos Energy has terminated its proposed acquisition of Sabre Oil’s stake in Tano block. Kosmos say the . . . | |
| | 4 May 2012 : Beijing Enterprises snaps up 5.4 pct stake in China Gas {Reuters} |
| Chinese state-owned utility Beijing Enterprises Group said on Friday it has bought Oman Oil's entire 5.4 percent stake in China Gas Holdings Ltd , joining Sinopec in the . . . | |
| | 1 May 2012 : Ecuador, Petrobras reach agreement over oil assets: Minister {foxbusiness.com} |
| Ecuador's Minister of Nonrenewable Natural Resources Wilson Pastor said Monday that the administration of . . . | |
| | 30 April 2012 : Oil stocks unmoved by PM's statement {thehindubusinessline.com} |
| Investors are not in a rush to buy oil sector stocks despite the Prime Minister’s statement that fuel prices need to . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
|
| 10. News on Oil Pollution | |
| | 17 May 2012 : 7th Red Sea oil spill since September goes virtually unnoticed {greenprophet.com} |
| The most recent spill in Gamsha Bay, which has been attributed to General Petroleum Company, has received no additional press coverage after it was reported last . . . | |
| | 17 May 2012 : Montana looks for more Exxon oil from 2011 spill {CBS News} |
| Montana officials said Wednesday they are investigating several sites with suspected oil left over from an Exxon Mobil pipeline break last year, but recent tests showed . . . | |
| | 16 May 2012 : Ghana to get new Marine Bill to address pollution in oil industry {ghanabusinessnews.com} |
| A new Marine Pollution Bill, which incorporates the Convention on Oil Pollution Preparedness, Response, Co-operation and Dumping of Wastes to address the challenges of . . . | |
| | 16 May 2012 : Push from Mississippi kept Deepwater Horizon oil slick off shore {eponline.com} |
| When the Deepwater Horizon drilling rig exploded April 20, 2010, residents feared that their Gulf of Mexico shores would be inundated with oil . . . | |
| | 16 May 2012 : Washingtonians honored for their oil spill prevention work {ecy.wa.gov} |
| The state and provincial organization coordinating oil spill prevention and response efforts in the Pacific region will honor two Washingtonians for their tireless efforts to . . . | |
| | 15 May 2012 : SC bars former US vessel from anchoring at Gujarat port {manoramaonline.com} |
| The Supreme Court Monday declined permission, for now, to the erstwhile American oil tanker Exxon Valdez, rechristened Oriental Nicety, to anchor at the Gujarat ship-breaking . . . | |
| | 15 May 2012 : Man charged with filing false oil spill claim {fox8live.com} |
| A 41-year old New Orleans man is in trouble with the feds, accused of filing a false claim to get financial assistance during the aftermath of the Deepwater Horizon oil spill . . . | |
| | 15 May 2012 : Arrested BP engineer says secret evidence exonerates him {nola.com} |
| The first person charged with a crime in connection with the BP oil spill is fighting back in federal court, asking for the right to share evidence that he claims would exonerate him . . . | |
| | 14 May 2012 : Total says gas leak stopped at Nigeria field {businessweek.com} |
| French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria's crude-rich southern delta after 54 days, an . . . | |
| | 14 May 2012 : PTTEP sets funds aside for spills {news.yahoo.com} |
| Thailand's PTTEP, the owner of the Montara project which caused one of Australia's worst oil spills, has joined 11 other oil and gas . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 16 May 2012 : OPEC oil price slightly rises {kuna.net.kw} |
| OPEC daily basket price stood at USD 108.70 a barrel Tuesday compared with USD 108.14 pb the previous day, according to a . . . | |
| | 16 May 2012 : Crude oil prices fall as Opec production rises {thenational.ae} |
| Oil traded on the New York Mercantile Exchange dropped to a five-month low at the start of this week and is expected to fall further on rising inventories and gloomy economic . . . | |
| | 15 May 2012 : OPEC price down to USD 109.24 pb {kuna.net.kw} |
| OPEC's daily basket price stood at by USD 109.24 a barrel on Friday, compared with USD 110.06 pb on Thursday; down by 82 cents . . . | |
| | 14 May 2012 : Call on OPEC oil increasing say IEA {marinelink.com} |
| IEA reports that global oil supply increased by 0.6 mbd to 91.0 mbd in April, 3.9 mbd above last year. Higher . . . | |
| | 13 May 2012 : No shortage of oil in the market – OPEC {leadership.ng} |
| Organisation of Petroleum Exporting Countries has said that the Organisation is working hard to bring down oil . . . | |
| | 12 May 2012 : Opec boosts crude oil production for seventh month on Iraq, IEA... {timesofoman.com} |
| Organisation of Petroleum Exporting Countries (Opec) boosted crude production for a seventh month in April as Iraq, Nigeria and Libya raised output, according to the . . . | |
| | 11 May 2012 : OPEC oil production climbs to 31.71 million barrels per day in April {Market Watch} |
| Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed 320,000 barrels per day (b/d) to 31.71 million b/d in April from . . . | |
| | 10 May 2012 : OPEC hikes 2012 world oil demand forecast {Economic Times} |
| OPEC revised its 2012 world oil demand outlook slightly upwards on Thursday citing a stable US economy and the shutdown of nuclear plants in Japan, which boosted demand . . . | |
| | 9 May 2012 : Freedom Watch sues OPEC for illegal price fixing and market... {sacbee.com} |
| The public interest group Freedom Watch today filed a lawsuit in U.S. District Court for the District of Columbia charging the Organization of Petroleum . . . | |
| | 9 May 2012 : OPEC April output up to 31.26 million bbl/day: EIA {Market Watch} |
| Total crude-oil output among members of the Organization of Petroleum Exporting Countries rose to 31.26 million barrels a day in April, topping a revised March . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 17 May 2012 : Experts differ in assessing Iran's oil and gas opportunities in Caspian Sea {trend.az} |
| Iran has stated about launching the oil and gas extraction operations in Iran's sector of the Caspian Sea . . . | |
| | 17 May 2012 : Israeli company writes off stake in Egyptian gas {Associated Press} |
| An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports . . . | |
| | 17 May 2012 : India cannot afford import of large quantities of crude oil:FM {business-standard.com} |
| Amid rising global crude oil prices, Finance Minister Pranab Mukherjee today warned of "disastrous consequences" if corrective steps are not taken to deal with . . . | |
| | 16 May 2012 : UAE joins forum of gas exporting countries {Khaleej Times} |
| The Federal Cabinet in its meeting on Tuesday endorsed UAE’s decision to join the Gas Exporting Countries Forum (GECF). an inter-governmental organisation of 12 of the world’s . . . | |
| | 16 May 2012 : Crude oil supplies head for UK Coryton refinery {Reuters} |
| A tanker carrying crude oil is heading for Britain's Coryton refinery, trade sources and ship tracking data showed on Tuesday, just as a deal to keep the plant running after the collapse of its . . . | |
| | 15 May 2012 : Gas-rich states lose fracking lottery {Reuters} |
| While Pennsylvania, northwestern Louisiana and gas-rich areas around the Gulf of Mexico are losing jobs and revenue as the fracking industry shrinks after a price . . . | |
| | 15 May 2012 : Higher oil revenue swells Norway coffers {upstreamonline.com} |
| The inflow of oil revenue to Norway’s state coffers is estimated to increase to Nkr378 billion ($63.7 billion) this year under the revised national Budget, fuelled by . . . | |
| | 14 May 2012 : Ageing oil and gas facilities pose significant OHS risks {safetyculture.com} |
| The National Offshore Petroleum Safety and Environmental Management Authority released a report on Friday saying that oil . . . | |
| | 14 May 2012 : Oil industry pins safety hopes on well-capping unit {businessday.com} |
| A high-tech well-capping device stationed in Singapore, about four-five days sail from . . . | |
| | 14 May 2012 : Iran, unable to sell oil, stores it on tankers {washingtonpost.com} |
| Increasingly hard-pressed to find buyers for its petroleum, Iran has been routinely switching off satellite . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 16 May 2012 : Utility SSE gets profit boost from renewable energy {Reuters} |
| SSE, one of Britain's biggest energy suppliers, reported a 2 percent rise in full-year profit on Wednesday, supported by higher renewable energy output which helped offset . . . | |
| | 16 May 2012 : Asian ethanol prices hit a low on lack of market support {platts.com} |
| Asian ethanol was assessed at a low of $683/cu m CIF Philippines Tuesday, because of a lack of support in the market, trading sources said . . . | |
| | 16 May 2012 : Salk scientists find clue to boosting biofuel production {nctimes.com} |
| The findings may lead to higher yields of fatty acids, important for animal and human nutrition, renewable sources of industrial chemicals and biofuels . . . | |
| | 16 May 2012 : Study claims ethanol lowered gas prices $1+ per gallon in 2011 {journalstar.com} |
| America’s use of domestically produced ethanol reduced wholesale gasoline prices by an average of $1.09 per gallon in 2011, according to updated research conducted by . . . | |
| | 15 May 2012 : U.S. biodiesel production record high in 2011 {blackseagrain.net} |
| U.S. production of biodiesel reached a record high of 967 million gallons in the year of 2011, the U.S. Energy Information Administration (EIA) said Monday . . . | |
| | 15 May 2012 : Argentina complains to EC on Spain biodiesel rules {Market Watch} |
| Argentina has asked the European Commission to issue an opinion on whether Spain's recent decision to block Argentine biodiesel imports violates World . . . | |
| | 15 May 2012 : Loxley to build B60m algae biofuel plant {bangkokpost.com} |
| Loxley Plc is spending 60 million baht to build a pilot plant for algae-based biofuel, possibly in Ratchaburi province . . . | |
| | 14 May 2012 : LeRay negotiates PILOT with biofuel company {watertowndailytimes.co} |
| LeRay officials met last week with executives from ReEnergy Holdings LLC, Albany, to negotiate a . . . | |
| | 14 May 2012 : Philippines government to review biofuels programme {bioenergy-news} |
| The Filipino government’s energy department is to look into ‘more realistic targets’ for the country’s bioethanol . . . | |
| | 14 May 2012 : Energy dep’t sets review of biofuel production needs {bworldonline.com} |
| THE ENERGY department will review projections on the country’s biofuel requirements, an official told reporters . . . | |
| More Biofuels News | ^Jump to the top^ | |
| Oil & Gas conferences in the next 60 days | |
| ^Jump to the top^ | |
 | MEPIPES : From 20th May to 23rd May 2012 at Abu Dhabi. Map |
| | Platts North American Refining and Trading conference : From 21st May to 22nd May 2012 at Houston. Map |
| | RESCON 2012 – The Red Sea and Gulf Bunkering Conference : From 21st May to 23rd May 2012 at Dubai. Map |
| | First International Cyber Security Forum for Energy and Utilities : From 21st May to 24th May 2012 at Abu Dhabi. Map |
| | 6th Annual Global Refining Summit : From 21st May to 23rd May 2012 at Barcelona. Map |
| | European Gas Quality & Interoperability Forum : From 21st May to 23rd May 2012 at London. Map |
| | Power Generation Asset Financing Summit : From 21st May to 23rd May 2012 at New York. Map |
| | 12th International Downstream Technology & Strategy Conference (IDTC) : From 22nd May to 23rd May 2012 at Rome. Map |
| | Global Water: Oil & Gas Summit 2012 : From 22nd May to 23rd May 2012 at Dubai. Map |
| | 12th World XTL Summit : From 22nd May to 23rd May 2012 at London. Map |
| | Produced Water Management 2012 : From 22nd May to 23rd May 2012 at Kuala Lumpur. Map |
| | Deep and Ultra-Deepwater Pipelines Conference : From 22nd May to 23rd May 2012 at London. Map |
| | OSV Brazil Conference : From 22nd May to 23rd May 2012 at Rio. Map |
| | 4th Algae World Europe : From 22nd May to 23rd May 2012 at Munich. Map |
| | 4th African Gas-LNG : From 22nd May to 23rd May 2012 at London. Map |
| | Offshore Technology, Equipment Exhibition & Conference : From 23rd May to 25th May 2012 at Nanjing, Jiangsu. Map |
| | The 34th Motorship Propulsion & Emissions Conference : From 23rd May to 24th May 2012 at Hamburg. Map |
| | Turkmenistan Gas Congress – TGC 2012 : From 23rd May to 24th May 2012 at Turkmenbashi. Map |
| | Arctic Oil and Gas North America Conference : From 23rd May to 24th May 2012 at St John's Newfoundland. Map |
| | Key Midstream Agreements : From 23rd May to 24th May 2012 at Houston. Map |
| | Offshore Technology : From 23rd May to 24th May 2012 at Central London. Map |
| | Well & Plugging Abandonment Conference : From 23rd May to 24th May 2012 at Houston. Map |
| | Shale Gas Environmental Summit : From 23rd May to 24th May 2012 at Central London. Map |
| | 10th International Bottom of the Barrel Technology Conference (BBTC) : From 24th May to 25th May 2012 at Rome. Map |
| | 5th Deepwater China Convention 2012 : From 24th May to 25th May 2012 at Guangzhou. Map |
| | EOR & Heavy Oil World MENA 2012 : From 27th May to 31st May 2012 at Abu Dhabi. Map |
| | SPE International Conference on Oilfield Corrosion 2012 : From 28th May to 29th May 2012 at Aberdeen. Map |
| | 7th Middle East Energy Security Forum : From 28th May to 30th May 2012 at Abu Dhabi. Map |
| | 6th Annual Gas Turbines : From 28th May to 31st May 2012 at Singapore. Map |
| | World Bioenergy 2012 : From 29th May to 31st May 2012 at Jönköping. Map |
| | Petroleum Migration : From 29th May to 31st May 2012 at Houston. Map |
| | SPE International Conference on Oilfield Scale 2012 : From 30th May to 31st May 2012 at Aberdeen. Map |
| | The 7th Annual Process Industry Engineering & Maintenance Congress : From 30th May to 31st May 2012 at Guangzhou. Map |
| | Bakken Tight Oil Congress 2012 : From 30th May to 31st May 2012 at Denver. Map |
| | 3rd Polar Shipping Summit 2012 : From 30th May to 31st May 2012 at London. Map |
| | Tight Oil Reservoirs California 2012 : From 30th May to 31st May 2012 at Bakersfield. Map |
| | 6th Annual Global Contract Risk Management for the Oil & Gas Industry : From 30th May to 1st June 2012 at London. Map |
| | Wireless Technology for Process Industries : From 3rd June to 6th June 2012 at Abu dhabi. Map |
| | Posidonia 2012 : From 4th June to 8th June 2012 at Athens. Map |
| | Transportation Logistics for the Oil and Gas Industry : From 4th June to 6th June 2012 at Houston . Map |
| | SPE Americas Unconventional Resources Conference 2012 : From 5th June to 7th June 2012 at Pittsburgh. Map |
| | Offshore Technology Asia 2012 (OTA 2012) : From 5th June to 8th June 2012 at Shanghai. Map |
| | 19th International Caspian Oil and Gas Exhibition Incorporating Refining and Petrochemicals : From 5th June to 8th June 2012 at Baku. Map |
| | 19th International Caspian Oil and Gas Conference Incorporating Refining and Petrochemicals : From 6th June to 7th June 2012 at Baku. Map |
| | GeoPower Indonesia & Philippines : From 6th June to 7th June 2012 at Jakarta. Map |
| | Shale Boom Workforce Summit : From 7th June to 8th June 2012 at Houston. Map |
| | Health, Safety and Environment in Oil and Gas : From 10th June to 13th June 2012 at Abu Dhabi. Map |
| | 2nd Annual SCADA MENA 2012 : From 10th June to 13th June 2012 at Abu Dhabi. Map |
| | FLNG : From 11th June to 13th June 2012 at London. Map |
| | SPE International Oilfield Nanotechnology Conference 2012 : From 12th June to 14th June 2012 at Noordwijk. Map |
| | Renewable Energy World Europe 2012 : From 12th June to 14th June 2012 at Cologne. Map |
| | IADC World Drilling 2012 Conference & Exhibition : From 13th June to 14th June 2012 at Barcelona. Map |
| | European Biodiesel 2012 : From 13th June to 14th June 2012 at Kraków. Map |
| | 5th OPEC International Seminar 2012 : From 13th June to 14th June 2012 at Vienna. Map |
| | 5th Annual Pipe Tech World Summit 2012 : From 13th June to 15th June 2012 at Istanbul. Map |
| | Getenergy 2012 : From 13th June to 14th June 2012 at London. Map |
| | T8 Oil and Chemical Networking : From 14th June to 15th June 2012 at Rotterdam. Map |
| | Cypriot-Greek Oil & Gas Summit 2012 : From 14th June to 15th June 2012 at Nicosia. Map |
| | Offshore Decommissioning Asia 2012 : From 17th June to 21st June 2012 at Kuala Lumpur. Map |
| | 20th European Biomass Conference and Exhibition 2012 : From 18th June to 22nd June 2012 at Milan. Map |
| | World National Oil Companies Congress : From 18th June to 22nd June 2012 at London. Map |
| | Iraq Petroleum 2012 : From 18th June to 20th June 2012 at London. Map |
| | Next Generation Engines and Fuels Forum : From 18th June to 20th June 2012 at Washington D.C.. Map |
| | Biomass Power Generation Brazil : From 18th June to 19th June 2012 at São Paulo. Map |
| | E&P Tech: Data Management and Information Access Forum : From 19th June to 22nd June 2012 at Aberdeen. Map |
| | Eagle Ford Infrastructure Finance & Development Summit : From 19th June to 21st June 2012 at San Antonio. Map |
| | Biogas East & Midwest : From 19th June to 20th June 2012 at Chicago. Map |
| | 2nd Annual LNG Regasification Terminals 2012 : From 19th June to 22nd June 2012 at Singapore. Map |
| | SPE Deepwater Drilling and Completions Conference 2012 : From 20th June to 21st June 2012 at Texas. Map |
| | Permian Markets & Midstream Infrastructure Summit 2012 : From 20th June to 21st June 2012 at Texas. Map |
| | East Africa New Frontier Exploration Forum : From 20th June to 22nd June 2012 at London. Map |
| | Atlantic Canada Petroleum Show : From 20th June to 21st June 2012 at St. John’s Newfoundland. Map |
| | 3rd Annual Vietnam Power Summit : From 20th June to 21st June 2012 at Hanoi. Map |
| | Neftegaz 2012 : From 25th June to 29th June 2012 at Moscow. Map |
| | MIOGE 2012 : From 25th June to 29th June 2012 at Moscow. Map |
| | 17th Asia Oil Week 2012 : From 25th June to 27th June 2012 at Singapore. Map |
| | Gas Storage : From 25th June to 26th June 2012 at London. Map |
| | Pipelines India Summit : From 25th June to 27th June 2012 at New Delhi. Map |
| | Caribbean Gas Trading and Supply Conference : From 25th June to 26th June 2012 at Trinidad. Map |
| | RPGC 2012 : From 26th June to 27th June 2012 at Moscow. Map |
| | LNG Global Congress : From 26th June to 29th June 2012 at London. Map |
| | 8th Annual FLNG Asia Pacific Summit : From 26th June to 27th June 2012 at Singapore. Map |
| | Ocean Energy 2012 : From 26th June to 27th June 2012 at Brussels. Map |
| | Renewable Energy Risk Management 2012 : From 26th June to 27th June 2012 at London. Map |
| | North West Gas & Infrastructure Build : From 27th June to 28th June 2012 at Karratha. Map |
| | Tight Oil Eagle Ford 2012 : From 27th June to 28th June 2012 at Houston. Map |
| | Renewable Energy Finance Week : From 3rd July to 6th July 2012 at Causeway Bay. Map |
| | China Shale Gas Forum 2012 : From 5th July to 6th July 2012 at Pudong Shanghai. Map |
| | IADC / SPE Asia Pacific Drilling Technology Conference 2012 : From 9th July to 11th July 2012 at Tianjin. Map |
| | Marcellus and Utica Infrastructure Summit : From 10th July to 12th July 2012 at Pittsburgh. Map |
| See all events | ^Jump to the top^ | |
| Ship Management Software - Ship Operations Software Rig Maintenance Software - Offshore Vessel Maintenance Software Maritime ISM Software - Marine PMS Software |
|
------------------------------------------------------------------------------------------- www.worldoils.com | mail@worldoils.com |
.jpg)
.gif)
.jpg)
.gif)
.jpg)
.jpg)
