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General Interest 2012 P9

  • 11/27/2012 -- ONGC Videsh to buy stake in offshore Kashagan oil field
    ONGC Videsh Ltd. agreed to buy an 8.4% interest in the North Caspian Sea production-sharing agreement, including Kashagan offshore oil field, from ConocoPhillips, subject to approvals from Kazakhstan government authorities and consortium partners waiving their priority rights.
  • 11/26/2012 -- UK to boost support for low-carbon energy
    Public support of low-carbon energy in the UK will increase to £9.8 billion in 2020 from £2.35 billion at present under energy-policy changes announced Nov. 23 by the Department of Energy and Climate Change.
  • 11/26/2012 -- Hunt named Anschutz Exploration chairman, CEO
    Chris Hunt, founder and president of private investment firm Knightsbridge Capital LLC, has been named chairman and chief executive officer of Anschutz Exploration Corp., Denver.
  • 11/26/2012 -- MARKET WATCH: Ceasefire incident raises crude prices
    Crude futures prices “jumped rather dramatically” late in an otherwise lackluster session Nov. 23 in New York on reports of a shooting on the Gaza-Israel border that traders feared might endanger last week’s ceasefire agreement.
  • 11/26/2012 -- Australia's cash bidding proposal draws industry criticism
    The Australian federal government proposes to reintroduce cash bidding as a basis for awarding offshore exploration acreage in some areas around the country.
  • 11/26/2012 -- Nexus to divest portion of its Crux stake
    Nexus Energy Ltd. of Melbourne wants to sell down some of its 17% interest in the Crux gas-condensate field in the Browse basin offshore Western Australia.
  • 11/26/2012 -- Alberta consolidates oil, gas regulation
    Regulation of oil and gas development in Alberta will be consolidated under legislation passed Nov. 22.
  • 11/26/2012 -- BP-Rosneft deal for TNK-BP stake advances
    BP PLC has signed definitive agreements under which it will sell its half-interest in TNK-BP to Rosneft and increase its holding in Rosneft to 19.75% (OGJ Online, Oct. 22, 2012).
  • 11/21/2012 -- MARKET WATCH: Ceasefire, reduced demand drop oil prices
    Oil prices dropped Nov. 20, with crude wiping out the previous session’s gains in the New York futures market, but natural gas bounced back, eliminating its loss.
  • 11/21/2012 -- Maugeri: IEA's outlook for US oil output late, maybe low
    The author of a study projecting a 17 million b/d increase in global oil production by 2020 has criticized a recent forecast by the International Energy Agency that the US will become the world’s top oil producer by 2020 (OGJ Online, Nov. 13, 2012).

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