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Markets

Gail says government should not cap marketing margins on imported gas

India’s state-run Gail has said the government should not cap marketing margins on imported gas because the price of imports is driven by trends in international markets, MoneyControl reported on Wednesday.

25 January 2012
Environment

Obama calls for clean shale drilling

United States President Barack Obama called for continued development of US shale gas, but stressed a need for environmental standards in his State of the Union address on 24 January.

25 January 2012
Markets

EU moves forward on Iranian oil ban

The European Union moved forward with plans to ban imports of Iranian oil from July despite threats from Tehran that it may close the Strait of Hormuz in response.

23 January 2012
Markets

China’s gas pricing reform inches forward

Persistence by China's gas industry to change how fuel is priced has finally paid off as Beijing finally agreed in December to test a scheme to ease government-imposed price controls.

20 January 2012
Markets

Tax breaks for LNG terminal operators discussed

Pakistan’s Economic Coordination Committee met on Friday to discuss possibly granting LNG terminal operators a five-year income tax holiday and a 10-year exemption to producers who develop the more challenging low Btu fields, The Express Tribune reported on Friday.

20 January 2012
Environment

Bulgaria bans fracking days after government releases public survey

The Bulgarian parliament has voted almost unanimously to implement a ban on shale gas drilling.

19 January 2012
Upstream

Angola accounting discrepancy

Angola's government has denied that $32 billion had gone missing from public funds, blaming the discrepancy in the public accounts on "oil revenue being inadequately recorded, especially revenue of (state oil company) Sonangol... which is not fully recorded in the national accounts," AllAfrica.com reported on Wednesday.

19 January 2012
Upstream

Nigeria to audit oil and gas sector – report

Nigeria’s government is to carry out an audit of the oil and gas sector from 2009 to 2011 as part of continued efforts to allay public concerns about mismanagement.

19 January 2012
Upstream

Peer review will undercut EPA fracking findings – API

Peer review will reveal flaws in the US Environmental Protection Agency’s recent findings suggesting a link between groundwater contamination and hydraulic fracturing, according to trade association the American Petroleum Institute.

19 January 2012
Upstream

India’s shale promise

GC Chaturvedi, secretary of India’s Ministry of Petroleum and Natural Gas, spoke to Siddharth Srivastava about the government’s efforts to spearhead shale gas development

18 January 2012
Markets

Russia should de-monopolise gas market in response to external challenges – Gref

Herman Gref, President and Chairman of the Board of Directors at Sberbank has urged Russia to radically reform its gas sector by de-monpolosing the gas industry amid changing conditions on the global market.

18 January 2012
Upstream

Saudi Arabia’s revised oil price target

Saudi Arabia’s revised oil price target of $100/bbl is in part a reflection of rising public spending in the wake of the Arab spring, the Financial Times reported on Monday.

18 January 2012
Markets

$100/b oil raises incentive for Saudi fuel switching

Saudi Arabia’s oil minister Ali Naimi told CNN on Monday he would like to keep oil prices at around $100 per barrel.

18 January 2012
Upstream

Managing uncertainty in Kazakhstan

The political fallout from riots in west Kazakhstan last month could cast a shadow over the country’s investment climate. With added pressure from the Kashagan field over ballooning budgetary concerns, the country is feeling the heat

17 January 2012
Markets

Argentina not willing to make price concessions for swifter development

The Argentinian Planning Minister Julio de Vido, said on Monday that the government is not willing to make price concessions to oil and gas companies in exchange for swifter development of the country's vast unconventional hydrocarbon resources.

17 January 2012
Markets

Tepco raises electricity tariffs on the back of rising prices

Tokyo Electric Power (Tepco) plans to raise industrial electricity tariffs by 18% beginning in April, the company said in a statement released online on Tuesday.

17 January 2012
Markets

Beijing outlines five-year gas development goals

PetroChina Tarim Oilfield, a unit of state-owned energy giant China National Petroleum Corp. (CNPC), generated 1.1 billion kilowatt hours (kWh) of electricity from gas last year, CNPC announced on Tue

17 January 2012
Upstream

Israel has not received proposal for Eilat LNG plant

Israel’s Ministry of Finance has not received an official proposal from National Gas Pipelines Co. and Eilat-Ashkelon Pipeline Co. to build an LNG plant in Eilat, Roni Hershkovitz, director of the international affairs department, told Interfax on Sunday.

16 January 2012
Upstream

Tanesco secures 40% tariff hike in Tanzania

Tanzania’s regulatory authority has approved a 40% average increase in electricity tariffs to help the state-owned utility Tanzania Electric Supply Company (Tanesco) pay for temporary capacity while

16 January 2012
Upstream

Despite delays, India still set on shale future

India is still intent on developing the country’s vast shale gas reserves, despite the government’s repeated delay in implementing a new shale gas policy and launching the first shale block tender – now unlikely to be held before late 2013 or early 2014.

16 January 2012

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