Category: Africa

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 »

Bill Gates presses SEC to issue strict oil, mining disclosure rules

Microsoft founder Bill Gates has come to the defense of proposed rules that would require certain oil, gas and mining companies to disclose what they pay to nations whose resources they develop, in the face of strong lobbying against the rules from the oil-and-gas industry.  More »

Activists push for disclosure of oil, gas payments to host nations

Humanitarian activists launched a campaign Friday urging federal regulators to finalize rules that would require oil, gas and mining companies to disclose their payments to U.S. and foreign governments for developing the nations’ natural resources.  More »

Nigeria: 2 presumed dead after Chevron rig fire

Chevron Corp. says it has ended its search for two workers who went missing in a fire on an offshore rig near Nigeria’s coast.  More »

Big natural gas discovery in offshore Mozambique for Anadarko

Anadarko Petroleum Corp. has made another significant discovery of natural gas in offshore Mozambique, with success of its seventh appraisal well in the Rovuma basin area.  More »

Afren announces oil discovery off Nigeria coast

Afren PLC says it has discovered a new oil find just off Nigeria’s southern coast.  More »
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