Category: Africa

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 »

Nigerian unions suspend protest, strike on fuel subsidies remains

Nigerian labor unions suspended protests while continuing a general strike over fuel subsidies in Africa’s top crude producer after President Goodluck Jonathan’s announcement of a gasoline-price cut fell short of their demands.  More »

Nigerian unions vow to paralyze oil output

Nigeria’s two main oil unions threatened to shut output in Africa’s top crude producer as a national strike entered its fourth day, mounting pressure on President Goodluck Jonathan to restore fuel subsidies.  More »

Nigerian fuel price strike may disrupt Shell’s oil production

Nigerian workers began a national strike after fuel costs more than doubled, threatening to shut ports and disrupt output from Royal Dutch Shell Plc (RDSA) and Chevron Corp. (CVX) in Africa’s largest crude producer.  More »
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