Monday, March 26, 2012



Total in North Sea emergency 
Total is responding to a well control incident that led to a gas release at its Elgin-Franklin development in the North Sea | Upstream Online 

Nigeria, General Electric sign $10bn MoU on new power plants
London – Nigeria has signed a $10 billion agreement with General Electric (GE) to build 10,000 megawatts power plants in the country | Vanguard

Aggreko set to acquire Brazilian rival
Aggreko is set to announce the £140m purchase of a Brazilian rival as the temporary energy supplier buys greater access to one of its fastest growing markets | Financial Times 

Dubai abattoirs to apply solar energy system 
Dubai Abattoirs are keen to apply the solar energy system in producing hot water aimed at saving the energy and following green building standards | Khaleej Times 

Shell to Iran: About that $1B, we're working on it 
LONDON — Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and U.S. financial sanctions now make it almost impossible to process payments, industry sources said | MSNBC 

BP looks to sell some North Sea
assets - report 
(Reuters) - BP has put North Sea oil assets worth close to 2 billion pounds ($3.2 billion) up for sale, the Sunday Times reported | Reuters 

Crude Oil Analysis for the Week of March 26, 2012 
After failing to pierce the previous week’s low at $104.29, May Crude Oil made a low at $104.50 and proceeded to rally sharply higher. The market still closed lower for the week, but the close near the high indicates that crude oil may be developing some upside momentum | Refinery News 

Sinopec to Boost Oil, Gas Production to Counter Refining Losses 
China Petroleum & Chemical Corp. (600028), Asia’s biggest refinery, will ramp up crude production and develop natural gas fields to counter losses from selling diesel and gasoline at state-mandated prices | Bloomberg 

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