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| 2 August 2012 : Brent oil supply drop in Sept threatens price spike {Reuters} |
| A drop in supply of crude that underpins the Brent crude contract in September has the potential to boost prices, further . . . | |
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| 2 August 2012 : Oil cos hike jet fuel prices by 4.5% {thehindubusinessline.com} |
| With firming up of oil prices in the international market, jet fuel or aviation turbine fuel prices were today hiked by 4.5 per cent, the second . . . | |
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| 2 August 2012 : Asim supports call for reversing oil price hike {dawn.com} |
| Severely criticising the increase in prices of petroleum products, the standing committee of the National Assembly on petroleum and . . . | |
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| 2 August 2012 : Oil prices rise on surprise supply drop {Associated Press} |
| The price of oil climbed to near $89 per barrel Wednesday after the government said supplies have dropped more than analysts expected. . . . | |
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| 2 August 2012 : Oil prices climb on drop in US stockpiles {theaustralian.com.au} |
| Oil prices have risen, boosted by a sharper than expected drop in US crude stockpiles that sparked hopes for stronger demand in the world's biggest . . . | |
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| 2 August 2012 : Transocean beats analyst expectations with rig cost control {Businessweek.com} |
| Transocean Ltd. the world's largest offshore-rig contractor, reported second-quarter profit that beat analysts' estimates as it controlled . . . | |
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| 2 August 2012 : Tanzania plans sovereign wealth fund for gas finds {Reuters} |
| Tanzania is to set up a sovereign wealth fund to ring fence future earnings from its major gas discoveries in the southern parts of the . . . | |
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| 2 August 2012 : Tanzania seeks resolution on Lake Malawi exploration dispute {timeslive.co.za} |
| Tanzania Wednesday called for an amicable resolution to a dispute with Malawi over oil and gas exploration in Lake Malawi . . . | |
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| 2 August 2012 : Centre plans to explore shale gas in Jharkhand {Times of India} |
| The Centre has assigned the Central Mine Planning and Design Institute (CMPDI), a central public sector undertaking, with the job of exploring . . . | |
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| 2 August 2012 : Shale oil exploration arrives in Alaska {ktva.com} |
| This summer, companies are beginning to explore tapping Alaska's vast shale oil formations . . . | |
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| 2 August 2012 : Shimshon officially declared gas discovery {globes.co.il} |
| Isramco Ltd. and ATP Oil & Gas Corporation have officially declared the Shimshon well a natural gas discovery . . . | |
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| 2 August 2012 : Cobalt sees positives in Angola Cameia appraisal {ogj.com} |
| Cobalt International Energy Inc., Houston, said preliminary wireline log results indicate that the Cameia-2 appraisal well on Block 21/09 offshore . . . | |
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| 2 August 2012 : Oil reserves found in Jaisalmer {Times of India} |
| Public sector company Oil India Ltd (OIL) has for the first time found oil reserves at Poonam Singh ki Dhani in Nachna area of Jaisalmer 1,230 . . . | |
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| 2 August 2012 : Gasoline demand is weak, but US refiners shine {Businessweek.com} |
| U.S. refiners are getting high prices for their gasoline and diesel while paying less for the crude and natural gas needed to make it . . . | |
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| 2 August 2012 : Apache flows oil from second Bacchus well {upstreamonline.com} |
| US independent Apache has started to flow oil from the second development well on the Bacchus field in the UK Central North Sea . . . | |
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| 2 August 2012 : China's natural gas fields outpace crude production growth in H1 {platts.com} |
| China's major oil fields saw little output growth in the first half of 2012, while gas production at projects in central and western China . . . | |
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| 2 August 2012 : Chevron to drill new wells in 350 locations {thejakartapost.com} |
| PT Chevron Pacific Indonesia (CPI) would start drilling in 250 to 350 locations during the second half of this year to further increase . . . | |
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| 2 August 2012 : Devon CEO says 2012 oil, gas output trending... {foxbusiness.com} |
| Devon Energy Corp. (DVN) is likely to meet the lower end of its production guidance range for 2012 due to disruptions in natural-gas and . . . | |
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| 2 August 2012 : Russia's oil output up to 10.34 million bpd in July {Oilvoice} |
| Russian oil output was at 10.34 million barrels per day (bpd) in July, up from 10.32 million bpd in June . . . | |
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| 2 August 2012 : Iraq's Kurdish region to resume oil exports {Reuters} |
| Iraq's semi-autonomous region of Kurdistan will restart oil exports this week in a bid to end a payment dispute with the central government . . . | |
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| 2 August 2012 : S. Africa cuts Iran oil import ahead Clinton visit {abcnews.go.com} |
| South Africa cut all crude oil imports from Iran in June amid heavy European and U.S. sanctions over Iran's nuclear program, a monthly government . . . | |
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| 2 August 2012 : Kinder Morgan works with B.C. on pipeline expansion {cloverdalereporter.com} |
| As the Enbridge pipeline debate and provincial tug-of-war continues, Houston-based company Kinder Morgan has said it will work with the . . . | |
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| 2 August 2012 : Peru will tender new gas line by year's end {Reuters} |
| Peru plans to auction off by the end of this year concessions to build two gas pipelines, Mines and Energy Minister Jorge Merino said on Wednesday . . . | |
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| 2 August 2012 : Italian oil producer ENI reports worse than expected Q2 results {chinapost.com.tw} |
| Italian oil major ENI on Wednesday reported worse than expected results for the second quarter but said it was confident . . . | |
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| 2 August 2012 : Venezuela's PDVSA faces growing debt burden {Reuters} |
| Venezuela's state oil company, PDVSA, will have to set aside between $4 billion and $7 billion annually for the next five years to make payments . . . | |
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| 2 August 2012 : PTT Exploration & Production to delist Cove after its takeover {foxbusiness.com} |
| Thailand's PTT Exploration and Production PCL is on track to complete its acquisition of Cove Energy PLC after 91.4% of Cove's shareholders accepted . . . | |
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| 2 August 2012 : Marathon oil profit falls 61% amid low crude-oil prices {foxbusiness.com} |
| Marathon Oil Corp.'s (MRO) second-quarter earnings fell 61% as lower prices for crude oil and natural-gas liquids hurt its exploration-and . . . | |
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| 2 August 2012 : Liquefied Natural Gas Limited reaches deal with PetroChina... {proactiveinvestors.com.au} |
| Liquefied Natural Gas Limited has executed a non-binding Letter of Intent with PetroChina Australia regarding gas supply for . . . | |
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| 2 August 2012 : Iraq says to cancel Total's Halfaya oil contract {Reuters} |
| Baghdad is working to cancel Total's share in southern Iraq's Halfaya oilfield after the French company announced it signed agreements to develop oil in . . . | |
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| 2 August 2012 : ADNOC in deal with Saudi firm {gulfnews.com} |
| Abu Dhabi: Adnoc Distribution, the retail arm of Abu Dhabi National Oil Company (Adnoc), on Wednesday signed an agreement with . . . | |
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| 2 August 2012 : Devon, Sumitomo in $1.4 billion deal, profit down {ivcpost.com} |
| This latest oil and gas deal signals continued strong demand for shale drilling know-how from foreign partners. In April, Devon . . . | |
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| 2 August 2012 : Iraqi Kurds win more oil deals, to restart exports {Reuters} |
| Iraq's Kurdistan pledged on Wednesday to restart oil exports in a bid to ease tensions with the central government, as firms from France and Russia . . . | |
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| 2 August 2012 : UN hails planned clean-up of oil spills in Nigeria's... {rttnews.com} |
| The United Nations Environment Program (UNEP) on Wednesday welcomed the Nigerian government's recent decision to clean . . . | |
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| 2 August 2012 : Enbridge safety practices to get closer look... {Financial Post} |
| Canada's National Energy Board plans to subject Enbridge Inc to a series of safety audits in the coming months to make sure its pipeline control-room . . . | |
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| 2 August 2012 : Chevron, Transocean must stop drilling after spill in Brazil {USA today} |
| A federal court has given Chevron and driller Transocean 30 days to suspend all petroleum drilling and transportation operations . . . | |
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| 1 August 2012 : Firm faces oil spill, conspiracy charges {stuff.co.nz} |
| The listed Auckland firm faces conspiracy and oil pollution charges before Judge Beryl Howell in the US District Court in Washington DC today . . . | |
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| 31 July 2012 : Indian ocean countries on track to prevent pollution {dailynews.co.tz} |
| It is clear that this region is at risk of experiencing major pollution incidents from various sources including oil spills from ships and oil and gas . . . | |
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| 31 July 2012 : BP back in growth mode, eyes oil sands {Financial Post} |
| BP PLC's Gulf of Mexico spill two years ago washed up in Canada in a big way — the British oil major was forced to shed Canadian assets . . . | |
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| 31 July 2012 : Enbridge spill provides fodder for Keystone critics {torontosun.com} |
| Environmental groups demanded the U.S. State Department conduct a new, thorough analysis of the risks of transporting oil sands crude . . . | |
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| 30 July 2012 : NZ's Sanford facing criminal trial in US {tvnz.co.nz} |
| One of New Zealand's biggest fishing companies, Auckland's Sanford Ltd, faces a criminal jury trial tomorrow in Washington DC, charged . . . | |
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| 30 July 2012 : Company plans repairs after Wisconsin oil spill {New York Times} |
| Enbridge of Canada expects on Monday to begin replacing part of a pipeline that leaked more than 1,000 barrels of oil in a Wisconsin field . . . | |
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| 29 July 2012 : U.S. pipeline agency probes Enbridge oil spill {thestar.com} |
| The U.S. pipeline safety agency launched an investigation on Saturday into an oil spill in Wisconsin on Enbridge . . . | |
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| 2 August 2012 : OPEC faces period of no growth {Oilvoice} |
| In its five year forecast of the global crude oil markets, ESAI Energy points out that there will be little room for additional OPEC barrels . . . | |
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| 2 August 2012 : China to react if India seeks oil in South China Sea {Economic Times} |
| India and Vietnam should be given a strong response if they insist on exploring oil and gas in waters claimed by China, a Chinese newspaper has said . . . | |
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| 2 August 2012 : Methes to hold grand opening for Sombra biodiesel plant Aug. 10 {biodieselmagazine.com} |
| Methes Energies Canada Inc. is holding a grand opening ceremony for its new 50 MMly (13 MMgy) multifeedstock biodiesel facility in . . . | |
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| 2 August 2012 : US Senate tax bill would extend biodiesel, cellulosic tax credits {platts.com} |
| The $1.01/gal federal tax credit for cellulosic fuel production, as well as the $1/gal biodiesel tax credit, would each be extended under a . . . | |
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| 2 August 2012 : U.S. ethanol output rebounds from lowest in 2 years {Reuters} |
| U.S. ethanol production last week rose for the first time in seven weeks, rebounding from the lowest level since at least June 2010 . . . | |
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| 2 August 2012 : Lithuania wastes 1 mn tonnes of oil equivalent biofuel annualy {baltic-course.com} |
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