NORTH AMERICA

Bakken field production reaches 1 billion bbl mark - Oil & Gas Journal
Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet
crude oil production during this years first quarter.
EIA: US petroleum product exports increased in 2013 - Oil & Gas Journal
US petroleum product exports in 2013 averaged 3.5 million b/d, up 10% from levels in 2012, according to the US Energy
Information Administration. In December 2013, US exports of petroleum products reached 4.3 million b/d, the first time to
exceed 4 million b/d in a single month.
Fuel Fix Companies face hurdles to export US natural gas
Dozens of facilities have been proposed to liquefy and export natural gas, but most will never become reality. The plants are
costly, and federal permitting is complex. Only six have Energy Department licenses to export to nations with which the U.S. has
no free trade agreements the most attractive pool of potential customers. And only one of those also holds the required
permits from the Federal Energy Regulatory Commission.
Fuel Fix Williams Partners plans $300M pipeline expansion for gas export facility
Williams Partners is planning a $300 million pipeline expansion to carry natural gas to Cheniere Energys planned liquefied natural
gas export facilities at the Sabine Pass in Louisiana, the company said Friday.
Exxons $900 Billion Arctic Prize at Risk After Ukraine - Bloomberg
The company plans to start drilling in August in the Arctics remote Kara Sea - the centerpiece of Exxons global alliance with
Russian state-controlled OAO Rosneft. (ROSN)The partnership, which includes shale exploration in Siberia and joint venture fields
in Texas, will come under greater scrutiny after the U.S. placed sanctions on Rosnefts Chief Executive Officer Igor Sechin.
Exelon Agrees to Purchase Pepco Holdings for $6.8 Billion - Bloomberg
The deal values Pepco, operator of the utility that serves the Washington metro area, at $27.25 a share, according to a joint
statement today. That represents a 20 percent premium over Pepcos closing price yesterday.
BP plans to exit Utica shale - Oil & Gas Journal
Data from the Ohio Department of Natural Resources shows the bulk of Utica permitting activity is occurring to the south, in
Carroll, Harrison, Columbiana, Noble, and Guernsey counties. The agency had issued 1,230 permits to drill in the formation as of
Apr. 26.
Stone discovers oil in deepwater Cardona South well - Oil & Gas Journal
The success of the Cardona South well and the previously announced Cardona well allows us to move forward with our
accelerated development program, said David H. Welch, Stone chairman, president, and chief executive officer.
We expect to begin production early in 2015, less than 1 year after spudding the first Cardona well, and we expect volumes from
these two wells to more than double our deepwater oil production. These two successful wells, combined with the Amethyst and
Tomcat discoveries in February, have provided a great start to our 2014 exploration and development drilling program, Welch
said.
EUROPE

Fuel Fix Putin says sanctions jeopardize US, EU energy deals
Russian President Vladimir Putin warned that further economic sanctions over the Ukraine crisis may lead Russia to reconsider
participation by U.S. and European Union companies in energy and other key industries.

Mercuria Said to Offer Jobs to JPMorgan Traders - Bloomberg
Mercuria Energy Group Ltd., which agreed to buy JPMorgan Chase & Co. (JPM)s physical commodity unit for $3.5 billion in
March, is offering jobs to about 200 people, or half the units staff, according to a person familiar with the matter.

AFRICA

Nigerian Oil Tycoon Kola Aluko's Seven Energy Raises $150 M From Singapore Fund
Nigerian multimillionaire Kola Alukos stake in Seven Energy is now valued at $90 million after the Nigerian firm recently
announced it had closed a financing round that valued the company at nearly $1 billion.

Nigeria orders 1.85 mln tonnes of gasoline imports | Reuters
Nigeria has granted licences to 40 companies to import around 1.85 million tonnes of gasoline by the end of June, Nigerian
National Petroleum Corporation (NNPC) and oil industry sources said, as the country takes measures to avoid fuel shortages.

Anadarko halts S.Africa oil spending pending clarity on oil law | Reuters
U.S. oil and gas explorer Anadarko Petroleum said it halted spending on exploration in South Africa until it has more clarity on
changes in the petroleum law, which gives the state a 20 percent stake in new ventures.

Ghanas First Oil Fund Seeks to Raise 50 Million Cedis in June - Businessweek
Weston Capital, a Ghanaian investment-advisory firm, plans to raise as much as 50 million cedis ($18 million) for the first fund
dedicated to oil and gas investments in the West African nation.