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Mexico to privatize state-owned Pemex?

Dec 14, 2012

President-elect Enrique Pena NietoPena-Nieto wants private investment in energyOilPrice.com - Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation's energy industry…

UK to resume fracking

Dec 13, 2012

UK to resume fracking with control measures The UK's Department of Energy and Climate Change (DECC) announced on 13 December that hydraulic fracturing can resume although the practice will be subject to new controls.The new controls announced…

Finlayson named BG CEO

Dec 13, 2012

BG Group appoints Chris Finlayson to top spot BG Group has elevated Chris Finlayson to Chief Executive Officer effective 1 January, the company announced on 13 December 2012.Finlayson came to BG in 2010 after spending 33 years with Royal Dutch Shell…

Shell, TSC strengthen LNG collaboration

Dec 13, 2012

Shell's PreludeShell and TSC team up on future LNG projects Shell Gas & Power Developments B.V. (Shell) and the Technip Samsung Consortium (TSC) have signed a heads of agreement to enhance collaboration on the design, engineering, procurement…

Jephcott retires from ROC

Dec 12, 2012

Jephcott resigns as founding ROC Oil directorWill Jephcott has retired as a director of ROC effective immediately, the company announced 12 December 2012.Jephcott was a founding director, holding the post since February 1997. Jephcott also served as chairman of the Audit and Risk committee…

Rosneft, AAR reach TNK-BP deal

Dec 12, 2012

Rosneft's Moscow headquartersRosneft strikes $28B deal with AAR for TNK-BPRosneft has finalized an agreement to purchase AAR Consortium's (Alfa Group, Access Industries and Renova) 50% stake in TNK-BP for $28 billion, the company announced on 12 December 2012…

Bill Gates to speak at CERAWeek

Dec 12, 2012

Photo courtesy of Bill and Melinda Gates FoundationIHS announced that Bill Gates will appear at CERAWeek 2013.Gates will open the first night of a two night special session entitled 'Energy: The Next Thirty Years' on Thursday, March 7, 2013…

Kongsberg in Apply Nemo buyout

Dec 11, 2012

Kongsberg Oil & Gas Technologies AS (KOGT), a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), has entered into an agreement to acquire 100% of the shares in Apply Nemo AS, an independent supplier of advanced engineering services…

Dana targets Norwegian prospect

Dec 11, 2012

Transocean BarentsDana Petroleum has started drilling a new prospect in the Norwegian Sea in partnership with the operator Maersk Oil Norway.The drilling rig Transocean Barents has started operations on the Albert prospect in production license PL 513 in the Haltenbanken area…

Spectra buys Express-Platte pipeline

Dec 11, 2012

Spectra Energy Corp announced it has entered into a definitive agreement to purchase 100% of the ownership interests in the Express-Platte Pipeline System from Borealis Infrastructure, the Ontario Teachers' Pension Plan and Kinder Morgan Energy Partners for $1…

NZ awards exploration blocks

Dec 11, 2012

Offshore leasing blocksAnadarko, TAG Oil secure multiple NZ leases New Zealand's government has awarded 10 exploration permits during its 2012 block offering, the country's petroleum and minerals agency announced on 11 December 2012.The ministry said that the block offering…

Canada OKs CNOOC, Petronas bids

Dec 10, 2012

Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry…

Marathon COO resigns

Dec 10, 2012

David E. Roberts, Jr.David Roberts resigns as Marathon Oil's COODavid E. Roberts, Jr. has resigned as Executive Vice President and Chief Operating Officer of Marathon Oil Corporation, the company confirmed on 10 December 2012.Roberts' resignation is effective 14 December…

Mozambique Channel Discovery holds sole Comoros license

Dec 10, 2012

In October 2012, the government of the Comoros Islands issued a statement that only one company, Mozambique Channel Discovery Ltd. (MCD), a subsidiary of Luxembourg-based Boulle Mining Group, has oil and gas exploration and production rights throughout the territorial waters of the Comoros…

Tush Doshi new COO of Kentz's specialist EPC business unit

Dec 10, 2012

Tush Doshi succeeded the retiring James Moore as COO of Kentz's specialist EPC business unit last month. A former director of gas and power in Amec's power & process division, Doshi served most recently as VP of Jacobs' European and African field services division.

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