Nigeria creates committee to hurry up oil bill
ABUJA, Jan 16 (Reuters) - Nigeria's oil minister, Deziani Allison-Madueke, has set up a committee to speed up the passing of an oil law meant to completely overhaul Africa's biggest energy industry, her permanent secretary said in a statement on Monday.
The Petroleum Industry Bill, a huge piece of legislation aimed at changing everything from fiscal terms to an overhaul of the state oil company, has been under negotiation for more than four years and has faced constant delays.
ConocoPhillips Calif. refinery building burns
Jan 16 (Reuters) - Fire ripped through a building at a Los Angeles-area refinery run by ConocoPhillips on Monday but the plant operations were not affected by the blaze, according to media reports.
The fire broke out before dawn at an administrative building at the 139,000 barrel a day Wilmington refinery in San Pedro, and the roof partially collapsed, the Los Angeles Times reported.
Chevron Nigeria rig still on fire, 2 missing
ABUJA, Jan 16 (Reuters) - Two workers were missing after fire broke out on a drilling rig in Chevron's Funiwa oil facility in southeast Nigeria on Monday, Chevron said.
"Search and rescue has successfully found 152 of 154 personnel. We expect all of those rescued to be onshore and checked medically. The fire is still burning. Early well control activation is ongoing," Chevron spokesman Scott Walker said.
ConocoPhillips seeks partner for oil sands assets
CALGARY, Alberta, Jan 16 (Reuters) - ConocoPhillips is seeking a buyer for 50 percent of a large portion of its Canadian oil sands holdings, assets that could eventually produce more than half a million barrels a day, the U.S. oil major said on Monday.
ConocoPhillips has retained Scotia Waterous to run the offering of a share in six Alberta properties that currently produce 12,000 barrels a day from an estimated 30 billion barrels of bitumen in place. It is doing so as interest in Canadian energy assets booms, especially from Asian buyers.
Pembina to buy Provident Energy for C$3.24 bln
CALGARY, Alberta, Jan 16 (Reuters) - Pembina Pipeline Corp agreed on Monday to buy Provident Energy Ltd for C$3.24 billion ($3.16 billion) in an all-stock deal that will create one of Canada's biggest pipeline and natural gas processing companies.
Calgary-based Pembina, a regional pipeline company operating in Alberta and British Columbia, will pay Provident shareholders 0.425 of a share for each share of Provident.
Angolan crude oil exports to fall in March -trade
LONDON, Jan 16 (Reuters) - Angola will export 1.61 million barrels per day (bpd) of crude oil in March, trade sources said on Monday, down from 1.82 million bpd scheduled to load in February.
A total of 52 cargoes of Angolan crude oil are due to load in March, compared with 55 cargoes in February, the sources said, citing provisional loading programmes.
Vitol Latvian terminal says 2011 shipments up 26 pct
RIGA, Jan 16 (Reuters) - An oil terminal in which trader Vitol is a major shareholder, in the Latvian port city of Ventspils, shipped 11.37 million tonnes of oil products in 2011, mostly diesel, which was 2.37 million tonnes more than in 2010, it said.
"Despite the fact that the global economic situation was not positive and demand for oil products was volatile, we were able to ensure the terminal's safe, efficient and successful operation," terminal General Director Lars Pantzlaff said in a statement.
Italy cuts Iran oil import, ups Saudi import in Oct
MILAN, Jan 16 (Reuters) - Italy cut crude oil imports from Iran in October while increasing imports from Saudi Arabia ahead of tightening of international sanctions against Tehran, data from oil industry body Unione Petrolifera (UP) showed on Monday.
October's drop in Italian imports of crude oil from Iran came before the latest U.S. sanctions on Tehran were signed into law on Dec. 31 targeting Iran's crude oil sales.
BEYOND THE HEADLINES:
Statoil's Arctic push to continue - CFO
STAVANGER, Norway, Jan 16 (Reuters) - Two big Arctic oil finds over the past year have confirmed Statoil's strategy of focusing on the far north for exploration, its chief financial officer said.
Statoil, Norway's top oil firm which has shed businesses to focus on exploration and development, aims to search for oil in the Arctic waters off Norway, Russia and Greenland in the coming years.
Giant N.Sea oil find may contain less than thought
STAVANGER/STOCKHOLM, Jan 16 (Reuters) - A giant oil discovery in the North Sea that had renewed optimism for a mature oil region is smaller than first thought, and the area's oil production will continue declining for years to come, new figures showed on Monday.
Last year Norway's Statoil and Swedish minnow Lundin Petroleum jointly discovered Aldous/Avaldsnes, a field that had been expected to hold between 1.7 billion and 3.3 billion barrels and was the biggest offshore discovery made anywhere in the world in 2011.
S.Arabia doubts Iran oil blockade claim
TEHRAN, Jan 16 (Reuters) - Saudi Arabia on Monday expressed doubts over Iran's claim it could block the main oil shipping route out of the Gulf and made clear it was ready to pump more oil after sanctions threatened to cut Iranian sales of crude. Brent crude rose above $111 on concerns about global oil supplies if sanctions freeze OPEC's second biggest producer out of the market or push it towards military conflict, while Saudi Arabia said it would work to stabilise the price at $100.
No comments:
Post a Comment