Angolan President Jose Eduardo dos Santos tightened his family’s grip on sub-Saharan Africa’s third-biggest economy two years before he has indicated he’ll leave office by naming his billionaire daughter Isabel Continue Reading
To most Venezuelans suffering food shortages, Lorenzo Mendoza and the company he runs, Empresas Polar SA, are trusted providers of everything from pasta to beer. But to an embattled populist Continue Reading
Vaca Muerta Shale Having already invested $200 million in Argentina’s Vaca Muerta shale — the world’s second-largest shale gas deposit — supermajor ExxonMobil is now saying it may invest at Continue Reading
A militant group waging war on oil installations in the Niger Delta said they can bring regional production down significantly without bloodshed. The Niger Delta Avengers surfaced earlier this year Continue Reading
A multi-car oil train derailed in northern Oregon on Friday, about 70 miles (110 km) outside of Portland, officials confirmed, though there were no initial reports of injuries. Black smoke Continue Reading
Haynesville rig Oil prices dipped lower Friday afternoon on news that the U.S. oil rig count was up by nine this week, to a total of 325 rigs in what Continue Reading
Hiring by US employers slowed last month to the weakest pace since 2010, clouding the economic picture and dealing a blow to the prospects for a Federal Reserve rate increase Continue Reading
Denver-based Warren Resources said lenders will swap $248 million they are owed for an 82.5%… In court papers filed in U.S. Bankruptcy Court in Houston, Denver-based Warren said lenders led Continue Reading
The U.S. oil-rig count rose by nine to 325 in the latest reporting week, according to oil-field services company Baker Hughes Inc., BHI 0.74 % an uptick that comes amid Continue Reading
A train towing cars full of oil derailed Friday in Oregon’s scenic Columbia River Gorge, sparking a fire that sent a plume of black smoke high into the sky. The Continue Reading
