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Oil and Gas News Africa September 2013

• Fugro has been awarded a large three-year survey contract for work in Angola. The contract comes from Total E&P Angola and is to support the French E&P firm’s development programs offshore Angola.
• Caracal Energy Inc has been officially listed as a Supporting Company of the Extractive Industries Transparency Initiative (EITI) with immediate effect.
• OCI Construction Group was awarded a contract by Technip for work in Algeria. The contract is for Greenfield and brownfield work on Algeria’s Algiers refinery in Sidi Arcine.
• Egypt saw a successful Jurassic gas/condensate test in the Western Desert on TransGlobe Energy and Vegas Oil & Gas’ East Ghazalat Block. The North Dabaa 1X well was drilled to a total depth of 14,740 ft and cased as a Cretaceous oil and Jurassic gas condensate discovery. Based on open hole well logs and samples, the well encountered approximately 8 ft of net oil pay in the Abu Roash formation and 23 ft of net gas/condensate pay in the Khatatba formation.
• CNPC buys into Eni gas stake offshore Mozambique. Eni has sold a considerable stake of an exploration block off the coast of Mozambique to China’s CNPC.
• Cairn partially sells Senegal blocks to ConocoPhillips – Scottish upstream oil and gas company Cairn has decided to partially sell its share in three contiguous blocks located offshore Senegal, West Africa to ConocoPhillips.

Oil and Gas News Australia September 2013

• OMV has launched a new global job initiative that would see the Austrian oil and gas firm hire some 1,600 additional technical staff in the next three years with an emphasis on university graduates and experienced specialists.
• BEACH Energy says it will boost spending and production this year after achieving a better-than-expected full year profit and lifting dividends.
• JAPAN has ratcheted up its attack on high Australian LNG prices — hailing US shale gas exports as a game changer that could slash prices by up to 30 per cent — and is inviting industry players to Tokyo next month as it looks to break the traditional LNG pricing model and encourage new supply.

Oil and Gas News World-wide September 2013

• Harouge Oil Operations tenders pump station study – New pumping control and data systems planned for Libya Amal field.
• Russia the world?s biggest energy exporter, will probably boost duties on most oil shipments abroad by 5.5 percent on Sept. 1st.
• IBIA Annual Convention, Date: 5-7 Nov 2013, Location: Sheraton Hong Kong Hotel & Towers, Hong Kong, Hong Kong, Organiser: International Bunker Association (IBIA)
Details: The IBIA Annual Convention is an opportunity for members of the International Bunker Industry Association to meet and make their views heard.
Key topics to be discussed at this year’s event are:
• Market drivers, including ‘Cleaning up the air in Hong Kong’
• Short Delivery?
• Buying & Selling: Asian bunker growth & the global impact.
• Educating for growth.
• Oil Terminal – International Congress on Transportation, Storage and Trans shipment,
Date: 21-22 Nov 2013, Location: , St Petersburg, Russia, Organiser: Vostock Capital
Details: This annual congress covers new development and expansion projects at Russian terminals, pipeline and rail routes, as well as providing a broad overview of European best practice in the development of oil hubs (Hamburg, Antwerp, Amsterdam, Rotterdam), and in designing new export routes and attracting investments in port capacity improvement. The congress will also aim to help find solutions to the logistical issues of crude oil, liquefied gas and oil products storage and transshipment. The event also includes an exhibition of ports / terminals, technologies and equipment – the tank farms and terminals A special focus is placed on the commercial and technological issues of tank farm and terminal operation. Topics covered includes investments in oil terminals, designing and financing the construction of tank farms, terminals and loading / offloading racks, appraisal of a project’s prospects, as well as the latest technology and know-how of safe transportation and terminals operation.
• Fuel Oil Shipments to Asia Rise to 2.3 Million Tons in September more fuel oil cargoes were scheduled last week to arrive in Asia in September from western countries, shipping data shows. At least 12 tankers, including very six large crude carriers, or VLCCs, are booked to arrive in the region from the U.S., Europe and the Caribbean, according to data from shipbrokers including Poten & Partners Inc., Clarkson Plc (CKN) and ICAP Shipping International Ltd. and information from traders. The ships are set to carry 2.3 million metric tons of fuel oil, compared with 360,000 tons booked as of the previous week. Some fixtures are provisional and may be changed or cancelled. August arrivals rose to 4.2 million tons from 3.9 million tons, the data show. Fuel oil’s East-West spread, or the premium of Asian cargoes to European prices, was $21.27 a ton on Aug. 2, up from $7.03 a ton a week earlier, according to Bloomberg data. It has averaged $28.11 this year. The following is a summary of tankers reported as contracted to carry fuel oil to Asia. Volumes are in thousands of tons. Arrival times are calculated based on information on the e-ships.net website and assume a total of four days for loading and discharging at ports. A VLCC can carry about 270,000 tons of oil.

• World demand for lubricants is forecast to increase 2.4 percent per year to 43.6 million metric tons in 2017.
• Longreach Oil & Gas has signed a contract with Italian company Saipem SpA to provide a drilling rig for two wells on its Sidi Moktar Exploration Licence Area onshore Morocco.
• Clariant Presents the EcoTain® Life Cycle for Safer, Long Lasting Lubricants.
• Global transformer oil market revenue is estimated to reach $2.46 billion by 2017.
• BPCL in talks with Manali Petro for its petchem plans.

• Genel Energy is expecting to significantly step up its oil production in the Kurdistan region of Iraq and estimates that full year production to be between 45,000 to 55,000 bpd. Genel said in its half year results that revenue jumped to US$160.6 million in the first six months of 2013 from $123.1 million a year earlier.