News of interest to pipers

AME Info News - Energy, Oil and Gas

• Qatar to cut gas emissionsQatar has become the first GCC country to join a World Bank programme to bring down its greenhouse gas emissions, reported the Peninsula. The programme aims to drastically reduce the gases by controlling gas flaring. Qatar is expected to reduce 13,734 tMCO2e by year 2012.
  
  
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• Sarco profit rises sixfoldSaudi Arabian Refinery, a Saudi company investing in oil refineries and fuel distribution, has reported that its first-quarter profit rose more than sixfold on investment gains, reported Bloomberg. Net income in the fiscal first quarter ended July 31 rose to 7.1 million riyals ($1.9m), or 1.19 riyals a share, from 1.1 million riyals, or 0.184 riyal, a year earlier. [AMEInfo.com]
• OPEC likely to cut output, says reportA new report by the Center for Global Energy Studies said OPEC is likely to cut its oil output quota as the price of crude risks falling under $100 a barrel, reported Arab News. The report warns that there is a danger that OPEC will over-react, cut its production too sharply, and send oil prices higher.
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• Global LNG output may rise 14%Liquefied natural gas output throughout the globe may jump 14% next year as projects in countries like Qatar and Ind-onesia begin production, reported Bloomberg. Andy Flower, an industry consultant and a former executive at BP Plc's LNG business, said output of LNG may climb about 25 million metric tonnes to about 208 million tonnes next year. [AMEInfo.com]
• More diesel price cut in DubaiEmirates National Oil Company, Emirates Petroleum Products Company and Emarat will cut the diesel price at the pump by 50 fils a gallon as of today, Gulf News has reported. This is the fourth cut in prices in less than a month. Dubai oil retailers buy diesel at international prices, later adjusting local prices based on the landed cost of the oil product. [AMEInfo.com]

Scotsman.com Business - Energy & Utilities

• Oil continues to fallOIL fell to below $113 a barrel yesterday as a tropical storm looked set to avoid major oil and gas infrastructure in the US Gulf of Mexico. US crude dipped to $112.17. It set
• Origin and BG trade insultsA WAR of words broke out today after Australian energy firm Origin formalised its rejection of a £6.7 billion takeover move by UK exploration firm BG.
• Plexus secures SPD contractPLEXUS Holdings, the Aberdeen oil and gas company, has won a contract with fellow oil engineering firm SPD.
• Cairn looks to reap a rich reward as it begins to explore Greenland's potentialCAIRN Energy has begun seismic testing in Greenland, one of the last frontiers of oil exploration.
• Vodafone seals Ghana dealVODAFONE has completed the purchase of a 70 per cent stake of former state-owned company Ghana Telecommunications for $900 million (£483m) as part of its drive into fa