CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I focuses on Gulf Coast to ride out oil bust

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Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
(AP file photo/George Osodi)

Tension returns to Nigeria to threaten crude exports

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Fifty-seven years after the birth of founding member Lol Tohurst, and the crude complex is still exploring whether ‘The Cure’ for low oil prices is…low oil prices. Last night’s API report had a considerably bearish tilt, yielded a solid build of 3.8 million barrels to crude stocks, while Cushing stocks edged up also. It was […]
Categories: Africa, Crude oil
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Nigerian oil minister Emmanuel Ibe Kachikwu (L) speaks during the 7th Gulf Intelligence UAE Energy Forum meeting in Abu Dhabi, on January 12, 2016.         
Kachikwu said that he expects an extraordinary meeting of the oil cartel in "early March" to address nosediving crude prices.

 / AFP / MARWAN NAAMANI / The erroneous mention[s] appearing in the metadata of this photo by MARWAN NAAMANI has been modified in AFP systems in the following manner: [Nigerian oil minister Emmanuel Ibe Kachikwu ] instead of [Former OPEC president Emmanuel Ibe Kachikwu]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.MARWAN NAAMANI/AFP/Getty Images

OPEC nations talk oil policy at Davos

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Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organization of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy.
A Libyan rebel fighter mans a checkpoint at the entrance of the oil rich port of Ras Lanuf, some 160 kms east of Sirte, on August 26, 2011. British warplanes bombed a bunker in Moamer Kadhafi's birthplace of Sirte as rebel fighters prepared to attack the town, one of the last major regime holdouts east of Tripoli. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP/Getty Images)

ISIS launches another attack on a major Libyan oil terminal

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State-run National Oil Corporation’s spokesman, Mohammed al-Hariri, and Osama al-Hadairi, the spokesman for the oil facilities’ security unit, say the attack took place early Wednesday.

Crude trying to muster first gain of the year amid OPEC chatter, EIA data

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One hundred and six years after the birth of Luise Rainer, and oil continues in its enthralling escapade – trying to muster a bounce for the first time in 2016 and escape the clutches of twenty-dollardom. The crude complex is pushing higher for now, buoyed by a brighter mood in US and European equity markets […]
Categories: Africa, Crude oil, Eagle Ford
FILE - In this this file photo released on May 4, 2015, on a militant website, which has been verified and is consistent with other AP reporting, Islamic State militants pass by a convoy in Tel Abyad, northeast Syria. The Islamic State rakes in up to $50 million a month from selling crude from oilfields under its control in Iraq and Syria, part of a well-run oil industry that U.S. diplomacy and airstrikes have so far failed to shut down, according to Iraqi intelligence and U.S. officials.(Militant website via AP, File)

Libya issues `cry for help’ as Islamic State attacks oil tanks

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Militants attacked an oil tank in Es Sider on Tuesday, setting it on fire, according to a statement on the NOC website.
A Libyan rebel fighter mans a checkpoint at the entrance of the oil rich port of Ras Lanuf, some 160 kms east of Sirte, on August 26, 2011. British warplanes bombed a bunker in Moamer Kadhafi's birthplace of Sirte as rebel fighters prepared to attack the town, one of the last major regime holdouts east of Tripoli. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP/Getty Images)

Libya oil guards clash with Islamic State near biggest terminal

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Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule.
(Paul O'Driscoll/Bloomberg News.)

Nigerian farmers cleared to sue Shell in Dutch court

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Activists said the ruling sets a landmark legal precedent that clears the way for Dutch-based companies to be sued for alleged negligence of their subsidiaries elsewhere in the world.
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Chevron starts production at largest oil and gas development in Congo

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The largest oil and gas project ever developed in the Republic of Congo has started production, multinational oil giant Chevron confirmed Friday morning.
The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.  (LEON NEAL/AFP/Getty Images)

East Libya seeks to grab oil contracts amid fight with rivals

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Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before a 2011 rebellion ended Muammar Qaddafi’s 42-year rule.