News / International
Libya’s al-Sedr oil port resumes operations
Libya's al-Sedr oil port has resumed operations and will see the first oil shipment sail on Tuesday or earlier, an official from Waha Oil Co said, months after the terminal stopped running during a civil war that ended Muammar Gaddafi's rule. Indonesia to raise Tangguh gas price to $5-$7
Indonesia wants to as much as double the price for gas it sells from its Tangguh liquefied natural gas plant to China National Offshore Oil Corp's (CNOOC) Fujian LNG terminal, oil and gas regulator BPMigas said on late Monday. Petrobras announces discovery of new natural gas and light oil accumulation in Espirito Santo
Petrobras announces the discovery of a new light oil and natural gas accumulation in the Golfinho Concession (4-BRSA-1001-ESS). The discovery was made during drilling of well 4-GLF-31-ESS, known as Tambuata. The well is located 74 km off the Espírito Santo coast, and 7 km from FPSO Cidade de Vitoria, in the eastern side of Golfinho Field, at a water depth of 1,520 meters. BP provides to exit Sakhalin-5 gas project
BP PLC is to exit the Sakhalin-5 gas project, and Russian state oil company OAO Rosneft will continue working on it on its own, Interfax news agency reported Monday, citing Rosneft Chief Executive Eduard Khudainatov. Total expands its position in the USA – enters the Utica Shale formation in Ohio
Total announces that its subsidiary, Total E&P USA, has signed and completed on December 30, 2011 an agreement to enter into a Joint Venture with Chesapeake Exploration, a subsidiary of Chesapeake Energy Corp, and affiliates of its partner EnerVest. In the agreement, Total acquires a 25% share in Chesapeake's and EnerVest's liquids-rich area of the Utica shale play located across 10 counties on the eastern side of the state of Ohio, USA. BP Seeks Recovery of All Gulf Spill Costs From Halliburton
BP Plc seeks to have Halliburton Co., its cement contractor for the Macondo well project whose blowout set off the 2010 Gulf of Mexico oil spill, pay all of the oil company's related costs and damages. Crude Oil Falls From Near Eight-Month High on European Economic Concerns
Oil fell from its highest settlement in almost eight months on signs that Europe's debt crisis may drag the region into a recession, curbing fuel consumption. Nigeria: No More Petrol Subsidy From Today – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the full withdrawal of subsidies from Petrol (Premium Motor Spirit). 
