News / International
Tullow Oil Eases Pressure with Upgrade to Output
Oil and gas producer Tullow Oil has raised its full-year production guidance after its flagship West African oil fields produced more than expected, lifting its shares more than 5 percent.
Uganda Invests in Hydropower
Uganda’s government suspended plans for a debut sale of Eurobonds to fund infrastructure projects because the stronger U.S. dollar has made it more expensive to borrow, the Finance Ministry said.
Ukraine Stops Receiving Russian Gas as Talks Fall Apart
Russian gas purchases have been suspended by Ukraine after a breakdown in talks aimed at keeping supplies running for three to six months.
China Begins Construction of Power of Siberia Pipeline to Russia
China National Petroleum Corp (CNPC) started construction of the Chinese section of the Russia-China east route gas pipeline designed to pump Russian gas into the country’s northeast territory and beyond.
Russian Environmental Watchdog Opens Case Against Rosneft for Siberia Oil Spill
Russia’s environmental watchdog has opened a case against state-owned oil corporation Rosneft after a pipeline leak resulted in oily water filling backyards and flowing out of locals’ taps in Siberia.
BP Says US Shale Will Survive Oil Surplus, Iran Agreement
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP's (BP.L) chief economist said on Tuesday.
Vitol and Helios Pay $276 Million for Nigerian Fuel Business
Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million.
BP Shares Down After Supreme Court Denies Oil Spill Appeal
BP shares are down 2.13% to $40.47 in afternoon trading on Monday after the Supreme Court declined to hear an appeal from oil giant concerning fines that the company will be liable for in the wake of the 2010 Gulf of Mexico oil spill.
