http://www.oilandgasinsight.com Oil and Gas Insight RSS Feed from Business Monitor International en Copyright 2008, Business Monitor International Ltd Fri, 29 Aug 2008 06:30 GMT Fri, 29 Aug 2008 06:30 GMT AFP RSS Generator Following an announcement on August 21 that China Petroleum & Chemical Corporation (Sinopec) has suspended gasoline and diesel imports, the company has announced that it is looking to double capacity at a refinery that is currently under construction in Fujian province, according to Xinhua News Agency. http://www.oilandgasinsight.com/file/68488/Sinopec-Plans-To-Double-Refinerys-Capacity-Before-Construction-Completed.html Fri, 22 Aug 2008 00:00 GMT Brazil inaugurated its first liquefied natural gas (LNG) regasification plant on August 20. The facility is located in the port of Pecém in the city of São Gonçalo do Amarante in the country's north-eastern state of Ceará. http://www.oilandgasinsight.com/file/68489/Petrobras-Enters-LNG-Market-With-First-Terminal-Launch.html Fri, 22 Aug 2008 00:00 GMT The Croatian financial watchdog Hanfa has requested further details from Hungarian company MOL regarding its plan to make a public bid for majority control of Croatian counterpart INA. http://www.oilandgasinsight.com/file/68487/Croatia-Mulls-MOL-Bid-For-INA.html Fri, 22 Aug 2008 00:00 GMT PetroVietnam has signed a co-operation deal with Uzbekistan's Uzbekneftegaz to acquire oil and gas assets in the Central Asian country as part of its broader strategy to meet rising domestic energy needs. http://www.oilandgasinsight.com/file/68485/PetroVietnam-Hopes-To-Gain-Access-To-Uzbek-Gas.html Fri, 22 Aug 2008 00:00 GMT As part of its aim to boost gas supply to the domestic market, Nigeria approved the beginning of a selection process for investors interested in constructing new gas infrastructure in the country on August 20. http://www.oilandgasinsight.com/file/68486/Nigeria-Begins-Investor-Selection-Process.html Fri, 22 Aug 2008 00:00 GMT A fire at a crude storage tank at Libya's largest refinery and petroleum port Ras Lanuf could force the North African nation to reduce output by as much as 100,000 barrels per day (b/d), according to a report in Bloomberg. http://www.oilandgasinsight.com/file/68484/Blaze-At-Ras-Lanuf-Offers-Short-Term-Supply-Risks.html Fri, 22 Aug 2008 00:00 GMT Brazilian President Luiz Inácio Lula da Silva has said that government ministers will propose new rules to manage the country's recent discoveries in the subsalt region of the Santos Basin. Lula said that ministers will make the new proposals known by September 19. http://www.oilandgasinsight.com/file/68414/Lula-Looks-At-New-Rules.html Thu, 21 Aug 2008 00:00 GMT The US Minerals Management Services' (MMS) Western Gulf of Mexico (GoM) Lease Sale 207 has attracted 423 bids on the 319 tracts put up for tender. http://www.oilandgasinsight.com/file/68413/Western-GoM-Lease-Sale-Attracts-Major-Interest.html Thu, 21 Aug 2008 00:00 GMT The Indian government has approved a bid by the country's state-run Oil and Natural Gas Corporation (ONGC) to acquire UK-listed Imperial Energy, according to India's Business Standard. http://www.oilandgasinsight.com/file/68411/ONGC-Takes-Pole-Position-In-Imperial-Pursuit.html Thu, 21 Aug 2008 00:00 GMT Australian gas producer Santos has announced that it is moving into the electricity generation sector, with a proposal to build a new AUD800mn gas-fired power station in Victoria. http://www.oilandgasinsight.com/file/68412/Santos-Makes-Move-Into-Power-Sector.html Thu, 21 Aug 2008 00:00 GMT Iceland has announced that it plans to offer about 100 offshore licences, covering some 40,000sq km of sea, in its 2009 exploration and production (E&P) tender. http://www.oilandgasinsight.com/file/68410/Iceland-Due-To-Put-Some-100-Offshore-Licences-On-Offer.html Thu, 21 Aug 2008 00:00 GMT China may be looking to adjust its energy strategy as the price of liquefied natural gas (LNG) increases and may even surpass the price of crude oil. http://www.oilandgasinsight.com/file/68367/Asia-Set-To-Feel-The-Cost-Of-Rising-LNG-Price.html Wed, 20 Aug 2008 00:00 GMT Brazilian state-controlled oil company Petrobras's Argentine subsidiary Petrobras Energía (PE) has announced a US$500mn investment plan to develop hydrocarbon resources in Argentina's Santa Cruz province. http://www.oilandgasinsight.com/file/68368/Petrobras-Heads-Into-Santa-Cruz.html Wed, 20 Aug 2008 00:00 GMT Although in November 2007 Iraq's oil ministry spokesman Assem Jihad told Reuters that 'all the contracts made or signed during the Saddam era were cancelled', it now seems that Baghdad is close to signing a contract with China for the Ahbad field, for development of which China National Petroleum Corporation (CNPC) originally signed a production sharing agreement (PSA) in 1997. http://www.oilandgasinsight.com/file/68366/Deal-Or-No-Deal.html Wed, 20 Aug 2008 00:00 GMT DONG E&P Norge has struck oil on the Ipswich prospect in licence PL274 in Norway's sector of the North Sea. The company, which is the operator of the licence with a 40% interest, proved the existence of an oil column of at least 60 metres (m). http://www.oilandgasinsight.com/file/68364/DONG-Strikes-In-Norways-North-Sea.html Wed, 20 Aug 2008 00:00 GMT