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22.10.2013 Shale Gas to Stimulate Competition – Nigerian Government Analyst

The Nigerian newspaper THISDAY on October 21 cited the Director of Department of Petroleum Resources (DPR) and President of the Nigerian Association of Petroleum Explorationists (NAPE), Mr.

21.10.2013 Jupiter Energy Produces 197.6 Barrels of Oil in January-September, Cashes USD 6.4mn

Jupiter Energy Limited in January-September produced 197 600 barrels of oil, and its revenue equalled USD 6.4mn, the company said in its report on the third quarter, published today.

21.10.2013 Japan Oil Import Down 19% in September

The volume of Japan's customs-cleared crude oil imports fell 19.3 per cent in September from a year ago, marking the sharpest decline in 11 months, while LNG and coal imports also fell, reflecting sluggish power demand, Reuters reported on October 21.

21.10.2013 Lebanon Makes New Oil Discovery

Lebanon's interim Energy Minister Gerbran Bassil said new oil discoveries have been made off the coast of Beirut and Mount Lebanon, UPI reported on October 19.

21.10.2013 BHP Quits Nine Blocks in India

Global miner BHP Billiton said on October 21 it has given up nine oil and gas exploration blocks in India due to its inability to carry out exploration operations there, Reuters has reported.

21.10.2013 Brent Holds Steady in Singapore

Brent crude oil futures held steady near $110 a barrel on October 21 on hopes the U.S.

21.10.2013 Chinese Oil Demand Down in September

Implied oil demand in China, the world's second-largest oil consumer, posted its first yearly decline in 17 months in September as refiners cut crude runs to perform maintenance, Reuters reported on October 18.

18.10.2013 French Oil and Gas Firm Representatives to Visit Tobolsk-Polimer

Representatives from French oil and gas companies accompanied by French Consul-General in Yekaterinburg will visit Tyumen and Tobolsk on October 24-25, has learned from the regional department for investment policy and state support of entrepreneurship.

18.10.2013 Russian Oil Tanker Rates Rise as Cargoes Surge

The cost of shipping Russian oil to northwest Europe had the biggest two-day jump since April as traders accelerated bookings of tankers to load at the end of this month, curbing the number available for charter, Bloomberg said on October 17.

18.10.2013 Concession Auction Unlikely in 2014 - Brazil's Oil Regulator

The head of Brazil's oil regulator said on October 17 that her agency is unlikely to recommend an auction of oil exploration concessions in 2014, raising doubts of a revival of an annual auction cycle after a five-year hiatus, Reuters has reported.