Eni, BP Pouring More Investment Into Egypt Than Anywhere Else
Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North Continue Reading
Nigeria Loses Up to $100 Billion in Revenue as Attacks Cut Oil
Nigeria said it lost out on as much as $100 billion in revenue last year as attacks by militants in the oil-rich Niger Delta cut crude output to a record Continue Reading
Trump Signs Measure Curbing Dodd-Frank Rules on Mining, Oil and Gas Companies
President Donald Trump signed a joint resolution in the Oval Office Tuesday rolling back part of the Dodd-Frank financial regulation overhaul that would require resource extraction issuers to report payments Continue Reading
Mexico’s Pemex Sets Euro Corporate Debt Record with $4.49 Billion Issue
Mexico’s national oil company Petróleos Mexicanos issued €4.25 billion ($4.49 billion) in bonds Tuesday, the largest euro-denominated emerging market corporate bond deal on record. Emerging market investments have recovered from Continue Reading
Venezuela deputy president defies US over drug sanction
Tareck el-Aissami (L) was supported by President Maduro (R) on Tuesday The vice-president of Venezuela has accused the US of “imperialist aggression” after it slapped sanctions on him for allegedly Continue Reading
Electric car boom spurs investor scramble for cobalt
Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since Continue Reading
U.S. gas prices remain relatively stable
Retail gasoline prices in the United States continue to hold steady despite regional fluctuations because oil markets in are limbo, a market survey found. Motor club AAA reports an average Continue Reading
Chesapeake Energy Settles With Estate of Former CEO
Chesapeake Energy Corp. and the estate of its former chief executive, the late Aubrey McClendon, have agreed to settle a legal dispute involving claims that Mr. McClendon stole sensitive documents Continue Reading
Pope Francis wades into US oil pipeline dispute
Pope Francis has insisted that indigenous peoples must give prior consent for any economic activity on their ancestral lands – an indirect critique as the Donald Trump administration seeks to Continue Reading
EU gets wake-up call as Gazprom eyes rival TAP pipeline
A general view shows the headquarters of Gazprom in Moscow, Russia, June 30, 2016. Gazprom’s bid to tap into a pipeline meant to wean Europe off Russian gas threatens to Continue Reading