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Groups fear US rivals’ cheaper gas boost

EU push for renewable energy and an American shale gas boom is widening cost gulf, say associations representing 200,000 European companies  More »

Kabul Bank was massive fraud, says report

Cash was smuggled out in airline food trays, says a foreign donor-funded review, which criticises an amnesty granted by Afghan presidential decree  More »

Deutsche makes provision for Libor costs

German parliament has been informed the bank has ‘made provisions which we consider appropriate’ to cover ‘any burdens that arise from investigations’  More »
Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Court rules Interior didn’t violate judge’s order

The Obama administration didn’t violate an order by a judge who struck down its temporary moratorium on deep water drilling after BP’s 2010 oil spill in the Gulf of Mexico, a federal appeals court has ruled.  More »

BP hit by temporary ban on US contracts

Environmental Protection Agency says it has temporarily suspended energy group from new government contracts, citing a ‘lack of business integrity’  More »

Tamar FLNG project enters FEED phase

Pre-front-end engineering design (FEED) has been completed for the Tamar and Dalit fields floating liquefied natural gas (FLNG) project offshore Israel.  More »

Egypt’s constitution almost ready

Head of Islamist-dominated body says it is racing to finish a draft document as the political crisis entered its sixth day of protests at Morsi’s new powers  More »

TAQA moves into BP’s central North Sea stronghold

Abu Dhabi National Energy Co. (TAQA) has agreed to buy various production interests from BP in the UK central North Sea, including the newly onstream Devenick field.  More »

LNG-powered vessel to support Martin Linge

Wärtsilä will provide ship design services and a power and propulsion system for a new LNG-powered platform supply vessel (PSV).  More »

Output up at fields offshore Oman

Production from block 8 offshore Oman has climbed to a record 20,000 b/d of oil and condensate and 60 MMcf/d (1.7 MMcm/d) of gas, following a two-well drilling program on the West Bukha field.  More »

Wintershall prepares for Norwegian Sea well

Wintershall has approval from the Norwegian Petroleum Directorate for an exploration well in the Norwegian Sea.  More »

Aker pulls out of Middle East takeover

Aker Solutions (Oslo Børs:AKSO) has decided not to acquire Dubai-based oil services company NPS Energy.  More »

Gulfsands ups stakes in Mediterranean permits

Gulfsands Petroleum has reached an agreement to acquire further interests in the Kerkouane exploration permit offshore Tunisia and in the Pantellaria (G.R15.PU) permit offshore southern Italy.  More »

TWMA to manage waste from UAE oil field

TWMA has secured a waste management contract worth up to $20 million for Zakum Development Co.’s UZ 750 project at Abu Dhabi’s offshore Upper Zakum oil field.  More »

Drumbeat: November 28, 2012

The New Future of Energy Policy The combination of declining oil use and a greater reliance on the global powergrid is going to shape energy and climate policy. Especially at a time when the concerns of climate change – or, rather, rising seas and th…  More »