Kenya creates 17 new oil exploration blocks: media
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry Continue Reading
Exxon Mobil Says Nigerian Exports Hit After Pipeline Damage
Exxon Mobil said a drilling rig damaged some of its pipelines in Nigeria. The incident is the latest blow for Nigeria’s oil sector, which has been plagued by a series Continue Reading
Hungry Venezuelans Hunt Dogs, Cats, Pigeons as Food Runs Out
Ramón Muchacho, Mayor of Chacao in Caracas, said the streets of the capital of Venezuela are filled with people killing animals for food. Through Twitter, Muchacho reported that in Venezuela, Continue Reading
Crowds steal flour, chicken and underwear in looting spree in Venezuela
Crowds of people in Venezuela have stolen flour, chicken and even underwear this week as looting increases across the country in the wake of shortages of many basic products. Many Continue Reading
Gasoline Shortage Looms in Oil-Producing Venezuela
Complejo Paraguaná Refinery operates at a 108,000-barrel capacity, but reported it was only processing 60,000 barrels per days. ( ACN ) Español Venezuelans have yet another hardship to overcome in Continue Reading
Venezuela president declares emergency, cites U.S., domestic ‘threats’
Venezuela’s President Nicolas Maduro gestures as he talks to supporters during a rally to commemorate May Day, in Caracas, Venezuela, May 1, 2016. Venezuelan President Nicolas Maduro declared a 60-day Continue Reading
U.S. intelligence officials: Venezuela could be headed for collapse
Venezuela, where clashes erupted this week between security forces and demonstrators protesting food shortages, power blackouts and political gridlock, may be headed toward an all-out popular uprising that could lead Continue Reading
Refiners struggle to stay afloat as Asia drowns in gasoline
A fisherman rows his dinghy past oil refineries near port terminals in Singapore November 5, 2013. Asia’s refined product markets are being swamped by a wave of gasoline as a Continue Reading
China to boost energy storage 10-fold to cut power waste: industry
Wind turbines and solar panels are seen at a wind and solar energy storage and transmission power station from State Grid Corporation of China, in Zhangjiakou of Hebei province, China, Continue Reading
China April economic activity data disappoints, hiking recovery doubts
A woman stands on an overhead bridge near the construction site of ”Kaisa Plaza”, then named ”Changan No. 8” (L), on a hazy day in Beijing’s central business district in Continue Reading