Category: Africa

Shell shuts down major pipeline Nigeria over theft

Royal Dutch Shell PLC says it has shut down a major pipeline running through Nigeria’s oil-rich southern delta because it had been repeatedly targeted by thieves.  More »

Opportunities and Challenges Lie Ahead for Liberia’s Nascent Oil Sector

The recent announcement of the discovery of oil off the coast of Liberia has spurred widespread public interest and international engagement. Re-elected for her second term in January 2012, President Ellen Johnson Sirleaf is the first female president in Africa and a recipient of the Nobel Peace Prize in 2011. Much is at stake for […]  More »

Shell looks at $4B in possible projects in Nigeria

Officials with Royal Dutch Shell PLC say they are looking at possible onshore investments in Nigeria that could be worth about $4 billion.  More »

Activists to stage protest for SEC energy rules

Human-rights and anti-poverty activists plan to urge regulators to finalize long-delayed rules requiring certain publicly listed oil, gas and mining companies to disclose payments to host governments.  More »

Clinton predicts “profound effect” from SEC disclosure rules

Secretary of State Hillary Rodham Clinton predicted Thursday that pending rules to require oil, gas and mining companies to disclose payments o host governments would have a “profound effect” on curbing corruption and boosting transparency in foreign nations  More »

Anadarko starts production at new well in Gulf of Mexico’s Green Canyon

Anadarko Petroleum has begun production at a new well in the Gulf of Mexico and reports promising flow test results from a well in offshore Mozambique.  More »

GOP senators want exemptions for oil, mining payments

Two Republican senators including Texas Sen. John Cornyn urged the Securities and Exchange Commission to add exemptions to proposed disclosure requirements for oil, gas and mining companies’ payments to host nations, saying the rules would harm U.S. industry.  More »

Nigeria president visits village near rig fire

Nigeria’s president attempted to calm anger in villages Monday near a Chevron Corp. offshore natural gas rig that has been engulfed in a raging fire for weeks, though no official could say when the inferno will be extinguished.  More »

Clinton wants tough SEC oil, gas disclosure rules

Secretary of State Hillary Clinton on Tuesday called on the Securities and Exchange Commission to “go as far as possible” with rules requiring certain oil, gas and mining companies to disclose their payments to host nations.  More »

SEC charges ex-Noble CEO, 2 others with bribery

The SEC’s charges were the latest action in the government’s efforts to combat overseas corruption in international business  More »

PTT Exploration bids more for Cove than Shell

PTT Exploration & Production Pcl, Thailand’s only listed oil and gas company, offered 1.7 billion for Cove Energy, trumping an earlier bid for the African explorer by Royal Dutch Shell Plc.  More »

Shell bid starts race for African gas fields

Royal Dutch Shell Plc (RDSA)’s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves.  More »
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