Wednesday, June 20, 2012


Developments in International Oil & Gas | Energy | Extractive Industries


Sinopec eyes move for Chesapeake assets 
Sinopec, the Chinese oil and gas group, is considering bidding for billions of dollars worth of assets owned by Chesapeake Energy, the US gas producer | Financial Times

Chinese Business Threatens to Quit Bulgaria's Renewable Energy Sector
Chinese business might quit investing in renewable energy in Bulgaria because of the Bulgarian government's abrupt policy change on green energy, the Bulgarian-Chinese Chamber of Commerce and Industry declared in an open letter | Novinite

US crude oil supplies grow by 2.9 million barrels 
NEW YORK (AP) -- The nation's crude oil supplies rose last week, the government said Wednesday | Associated Press

Rio Tinto to spend $4.2bn on iron ore business 
Rio Tinto is to spend $4.2bn on expanding its iron ore business in Australia and Guinea, in spite of concerns about Chinese demand for the commodity and pressure from shareholders to rein in investment | Financial Times

Statoil enters shale exploration in Australia 
Statoil has farmed into Petrofrontier's four existing Exploration Permits (EP 103, 104, 127 and 128) as well as pending exploration permits (213 and 252) in the South Georgina Basin inAustralia's Northern Territories in a Joint Venture project | PennEnergy

China Pushes For Private Investment In Power Sector 
Law360, Chicago (June 19, 2012, 7:58 PM ET) -- A Chinese government agency reportedly released guidelines Tuesday that aim to encourage private capital to flow into the country's power market, a sector currently dominated by state-owned players | Law360

Ethanol Output Plunged To 900,000 Barrels A Day, DOE Says 
Ethanol production in the U.S. sank 2.2 percent to 900,000 barrels a day last week, according to the Energy Department | Bloomberg

No comments:

Post a Comment