Royal Dutch Shell PLC says its Nigerian subsidiary faces an “unprecedented” level of oil thefts targeting its operation in the oil-rich African nation.
Eni announces that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the company on October 20th. More »
The Irving based oil giant reported third quarter net income of $10.3 billion thanks to higher oil prices and better refining margins. More »
Halliburton Co., the world’s second- largest oilfield-services provider, said it’s conducting an internal investigation of its Angolan operations after receiving an anonymous e-mail alleging violation of the U.S. Foreign Corrupt Practices Act. More »
A village in Nigeria’s oil-rich southern delta where observers found a drinking-water well polluted with benzene 900 times the international limit has sued Royal Dutch Shell PLC for $1 billion in a U.S. federal court. More »
Moammar Gadhafi’s death isn’t likely to expedite the return of Libya’s oil output or lure back foreign companies as quickly as the interim government hopes, according to analysts Daniel Yergin at IHS-CERA and Edward Morse at Citigroup Global Markets Inc.
Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery. More »
Oil prices drive international cargo boom at Bush Intercontinental Airport. More »
Royal Dutch Shell is warning it can’t meet Forcados crude production goals in Nigeria, after shutting down production on one of its pipelines in the oil-rich southern delta. More »
Anadarko Petroleum Corp. said it has “substantially increased” its estimate for the amount of natural gas offshore fields in Mozambique may hold in the wake of additional exploration success there by a partnership it leads.
Italian oil firm Eni SpA says a pipeline carrying some of its crude out of Nigeria’s oil-rich southern delta has been attacked. More »
The oil industry historian gives us the inside story on his latest book — and reveals what he had to leave out. More »
Gunmen attacked a ship Friday off Nigeria’s oil-rich southern delta, kidnapping one man and leaving another wounded. More »
SNR Denton says it wants to have a presence in Houston, but it’s not just going to open an office — it’s going to buy an entire law firm. More »
International firms and local officials are paying bribes to secure future contracts in Liberia, a report by a London-based watchdog said today, even though Oil is yet to be discovered in the country. More »