Tag: Africa

Report reveals top regions for energy job growth

Hiring in the oil and gas industry rose globally in the first quarter of 2014, led by Africa, Russia and North America, according to the Hays Oil & Gas Job Index.  More »

Oil rises to four-week high, 3 percent gain for May

The price of oil rose to a four-week high Monday.  More »

East Africa has gas, but how to monetize it is another question

Despite the enthusiasm surrounding natural gas discoveries off the coasts of Mozambique and Tanzania, more work must be done to figure out how, exactly, they’ll be monetized, an IHS consultant said Thursday.  More »

Drillers and doctors join forces to find oil and save babies

Chevron and other oil companies develop social responsibility plans as a way to integrate into countries where they work. But critics say the approach skirts deeper problems in developing nations.  More »

South Africa oil-stake demand risks derailing new industry

South Africa’s plans to muscle in on new oil and gas ventures threaten to derail a fledgling industry, undermining state efforts to safeguard energy security and curtail imports.  More »

Renewables to help electrify Africa

Renewables are likely to play a large role in the electrification of Africa, likely making traditional grids less important, energy ministers said Thursday at the IHS Energy CERAWeek summit in Houston.  More »

International investment tough even as Asian growth surges

Electricity demand is surging in India, Vietnam, sub-Saharan Africa and other developing economies where growing populations are starving for power generation, but U.S. public utilities still remember the hard lesson of the 1990s: The need for energy isn’t enough to an make international investment viable, energy executives said Thursday.  More »

From China to Tanzania, more open energy markets emerge

Big players in the Eastern Hemisphere have diversified their energy sources and attracted more foreign investment over the past decade, but powerful government interests are often at odds with the energy industry’s drive to maximize profits from commercializing resources, a panel of energy experts said Monday.  More »

Total reports sharply lower 4th quarter earnings

French oil company Total SA says its earnings slid nearly 30 percent in the fourth quarter as oil prices stagnated under $110 a barrel and production slipped into reverse.  More »

Unforeseen US oil boom upending markets worldwide

The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.  More »

WTI-Brent spread narrowing as US exports record fuels

The price gap between the world’s two biggest oil benchmarks probably will narrow next year as U.S. exports of refined fuels reach a record and crude supply from the Middle East and North Africa expands.  More »

Weatherford to pay $253M to settle bribe case

The oilfield services company Weatherford International has agreed to pay more than $250 million to settle federal charges that it bribed officials in the Middle East and Africa to win business.  More »
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