The Niger Delta Avengers which has claimed attacks on oil facilities that have slashed Nigeria’s output said it’s not in talks with the government, a day after the authorities said they were preparing for dialogue.
Russia's Gazprom, one of Europe’s largest energy companies, will invest $1.5b in Kyrgyzstan’s gas transport system before 2030, with a third of the funds to be invested in the next two year.
Chinese companies Sinohydro Corp. and China Railway Group Ltd. have agreed to finance a 240MW, $660 million hydro-power plant in Democratic Republic of Congo’s Katanga province that will meet the mining project’s electricity requirements.
Russia may apply a "combined" method to the privatisation of more than 19% in its top oil producer Rosneft by selling stakes both to strategic investors and on the stock market, Economy Minister, Alexei Ulyukayev, said.
A Nigerian Senate committee asked Chevron to explain why a gas-to-liquids Joint Venture (JV) with the state-run oil company cost three times more to complete than initially estimated.
Several foreign companies have showed interest in cooperating with Iran to construct technical petroleum equipment crucially needed for the oil industry.
The Dutch offshore engineering company Intecsea, a leader in offshore engineering, has expressed its interest in the construction of a subsea pipeline for supplying Iran’s natural gas to Oman.
Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company investment, ahead of Exxon Mobil.