Archive | November, 2012

Total Withdraws Investment from Nigerian oil exploration venture

Oil firm Total plans to sell its 20% holdings in Nigeria’s National Petroleum Corp. Total officials say the sale is part of their MT plans to raise funds.

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Obama and EPA Keep Oil Exploration Sector on Guard

Oil fracking issues remain in the spotlight under Obama’s leadership while the industry grows anxious on a pending EPA report on fracking and pollution.

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Price Difference between Midland and Cushing Crudes is at Record High

The price difference between Midland and Cushing, Oklahoma’s crude reaches their highest ever due to pipeline bottlenecks.

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Brent to Replace WTI as International Benchmark

Brent crude will be replacing WTI in 2013 as the international benchmark in assigning the crude prices per barrel.

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Turkmenistan Plans Oil Exploration for 2013

Turkmenistan is planning to shift direction and perform new oil explorations with companies in the coming year.

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Shale Gas Boom Lures Sabic

Saudi Arabia’s petrochemical firm seeks to invest in shale-based petrochemical ventures amid strong signs of a booming shale gas industry.

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