Friday, April 13, 2012



Petrobras makes new pre-salt find 
Brazilian state-run giant Petrobras has made a new offshore oil discovery to the north of the Lula field in the Santos basin pre-salt province | Upstream Online

Nigeria: JTF Razes 50 Illegal Oil Refineries 
THE Joint Task Force, JTF, codenamed Operation Pulo Shield, yesterday, raided and razed over 50 illegal oil refineries at Igbudu-Aghalokpe village in Okpe Local Government Area of Delta State | Vanguard

Drillers dropping diesel for cheaper natural gas 
HOUSTON (Reuters) - North American oil and gas companies are trying to take the sting out of low natural gas prices by using it instead of costlier diesel fuel to drive their drilling rigs | CNBC

Brent falls on demand worry 
Brent crude futures slipped towards $121 on Friday as demand growth worries resurfaced after China's economic expansion lagged expectations, while caution ahead of talks between Iran and world powers and North Korea's missile launch capped losses | Upstream Online

Eco Atlantic inks Namibia farm-out 
Namibia-focussed Eco Atlantic has reached a farm-out deal with Bermuda-based Azimuth in its three offshore licences in the African nation, while also terminating a separate farm-out for some onshore blocks | Upstream Online

Japan to limit Iran oil voyages in Mideast Gulf: sources 
TOKYO (Reuters) - Japanese insurers are warning ship owners that they will only cover one tanker at a time carrying Iranian crude oil through the Middle East Gulf due to tightening Western sanctions against OPEC's second biggest producer, industry sources said | Reuters

Austria-made world's largest solar power plant starts operation in Saudi Arabia 
The world's largest solar power plant, designed and manufactured by Austrian companies, began operation in the Saudi Arabian capital Riyadh recently after six months of trial operation, Austrian Press Agency (APA) reported on Tuesday | VeitnamNet

Shell says sheen has 'broken up' 
Anglo-Dutch supermajor Shell said an "orphan sheen" in the Gulf of Mexico has broken up and is dissipating | Upstream Online

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