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First Signs Of Labour Problems For The World’s Top Platinum Nation

First Signs Of Labour Problems For The World’s Top Platinum Nation

Jun 01, 2016 at 10:22 | Dave Forest

I wrote last week about the looming problems in South Africa’s platinum sector, with tough contract negotiations with unions coming up for mining companies in the world’s…

Over 20 Oil Majors Sign Up for Mexico’s Most Lucrative Offshore Oil Blocks

Over 20 Oil Majors Sign Up for Mexico’s Most Lucrative Offshore Oil Blocks

Jun 01, 2016 at 10:12 | James Burgess

A total of 21 companies, including the Who’s Who of Big Oil, have registered to take part in Mexico’s deepwater oil auction to be held in December. Shell,…

Niger Delta Militants Blow Up 2 Chevron Oil Wells

Niger Delta Militants Blow Up 2 Chevron Oil Wells

Jun 01, 2016 at 09:49 | Charles Kennedy

In an early Wednesday attack, Niger Delta militants have blown up two Chevron oil wells in Warri, leading a shut down in the wells and promising further output…

BP Oil Cargoes in Limbo at Terminal as Venezuela Can’t Pay its Bills

BP Oil Cargoes in Limbo at Terminal as Venezuela Can’t Pay its Bills

May 31, 2016 at 17:28 | Charles Kennedy

As Venezuela drowns in debt and takes its state-run oil company, PDVSA, down with it, Reuters is reporting that BP has over 2 million barrels of oil…

Total Acquires Major Oil and Gas Assets Across East Africa

Total Acquires Major Oil and Gas Assets Across East Africa

May 31, 2016 at 17:06 | James Burgess

French oil supermajor Total SA (NYSE:TOT) has acquired oil and gas installations in east Africa for an undisclosed amount, covering assets in Kenya, Uganda and Tanzania. The major…

French Technip Lands $500M Deal for Libyan Offshore Oil Platform

French Technip Lands $500M Deal for Libyan Offshore Oil Platform

May 31, 2016 at 15:38 | James Burgess

French oil services company Technip has signed a preliminary deal worth US$500 million to refurbish a key Libyan offshore oil platform in partnership with Libya’s National Oil…

Is First Bakken Crude About to Head to South Korea?

Is First Bakken Crude About to Head to South Korea?

May 31, 2016 at 14:09 | Charles Kennedy

U.S.-based Continental Resources is seeking to sell Bakken crude oil to South Korea in a move being described as a major coup in the aftermath of the lifting…

Giant Israeli Gas Field Partners Ink $3B Supply Deal

Giant Israeli Gas Field Partners Ink $3B Supply Deal

May 31, 2016 at 13:31 | James Burgess

Only a day after a deal was reached to allow the stalled development of Israel’s giant offshore Leviathan natural gas field, the project’s American and Israeli partners have…

In Bloody Shootout, Libyan Oil Guards Retake Strategic Towns from ISIS

In Bloody Shootout, Libyan Oil Guards Retake Strategic Towns from ISIS

May 31, 2016 at 12:15 | James Burgess

An oil guard militia loyal to Libya’s UN-backed Government of National Accord (GNA) says it has captured the strategic towns of Ben Jawad and Nawfiliyah from Islamic…

France Faces Complete Transportation Chaos Ahead Of Euro 2016

France Faces Complete Transportation Chaos Ahead Of Euro 2016

May 31, 2016 at 12:02 | Charles Kennedy

France is facing complete transportation chaos as public transport system workers join mass protests, adding to the desperation already caused by nationwide fuel shortages and refinery shutdowns. The…

Iraq To Export 5M More Barrels In June

Iraq To Export 5M More Barrels In June

May 31, 2016 at 09:50 | James Burgess

As Middle Eastern countries make concerted moves to increase market share, Iraq says it will export an additional 5 million barrels of crude oil in June, setting…

Tiny Oil Kingdom Brunei Moves To Diversify From Oil

Tiny Oil Kingdom Brunei Moves To Diversify From Oil

May 30, 2016 at 13:21 | James Burgess

Brunei is notorious for its oil riches, which are disproportionately huge for its tiny size of 2,200 square miles (and a population of less than half a million),…

Colorado Home to Best-Value Frac Wells

Colorado Home to Best-Value Frac Wells

May 29, 2016 at 17:27 | Zainab Calcuttawala

The Denver-Julesburg basin in Colorado hosts the most commercial, or low-cost, fraclog in the United States, according to a study by Rystad Energy. The costs per barrel…

U.K. Sees Net Loss on Tax Revenues from North Sea Oil

U.K. Sees Net Loss on Tax Revenues from North Sea Oil

May 29, 2016 at 07:52 | Zainab Calcuttawala

The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative “for the first time since records…

Iraqi Kurdistan Underpays Two of its Top Producers

Iraqi Kurdistan Underpays Two of its Top Producers

May 28, 2016 at 09:30 | Zainab Calcuttawala

Genel Energy, the largest oil producer in Iraqi Kurdistan said it received an US$11 million payment from the Kurdistan Regional Government on Thursday as compensation for…

Indonesian Energy Minister for New OPEC Secretary-General?

Indonesian Energy Minister for New OPEC Secretary-General?

May 27, 2016 at 14:14 | Charles Kennedy

Media outlet Sputnik International has cited unnamed sources as saying that Indonesian Energy Minister Sudirman Said is expected to be elected the next secretary-general of OPEC, at…

Is Norway The New France? Planned Offshore Oil Strikes Could Hit Shell Hard

Is Norway The New France? Planned Offshore Oil Strikes Could Hit Shell Hard

May 27, 2016 at 12:05 | James Burgess

As oil investment in Norway is projected to drop again in 2017 for the third year in a row as low oil prices hammer the industry, the specter…

Two More Militant Attacks on Nigerian Crude Pipeline – More Barrels Offline

Two More Militant Attacks on Nigerian Crude Pipeline – More Barrels Offline

May 27, 2016 at 09:15 | Charles Kennedy

In two simultaneous attacks late on Thursday, the Niger Delta Avengers (NDV) have targeted a state-run crude pipeline near the Batan oilfield. The oil and gas pipeline is…

War-Torn South Sudan To Resume Oil Production In July

War-Torn South Sudan To Resume Oil Production In July

May 26, 2016 at 17:02 | James Burgess

South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for…

U.S. Oilfield Explosives Stolen by Rogue Domestic Bomb-Maker

U.S. Oilfield Explosives Stolen by Rogue Domestic Bomb-Maker

May 26, 2016 at 16:52 | Zainab Calcuttawala

The man who stole explosives from firms working in North Dakota’s oil patch and stashed them in his home also possessed prohibited guns, over 1,100 rounds of…

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