News / International
Nigeria Oil Workers Threaten to Close OML 42 field
Nigerian oil workers will go on strike to halt a small field if the government does not meet with them by the end of the week, a spokesman for Nigeria's main oil workers' union told Reuters on Tuesday.
After Deepwater Horizon Disaster, BP’s Strategy Shits to the East
As 2011 dawned, BP was desperate to turn the page. For nine months, the crisis-stricken oil major had been weathering the US fallout from the Deepwater Horizon disaster, which killed 11 workers and caused the largest oil spill in history.
Removal of Nigeria’s oil Subsidies Will Be a Challenge
Nigeria's crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on Wednesday.
Exxon Mobil Makes ‘Significant’ Oil Discovery Off Guyana Coast
Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana in waters also claimed by Venezuelaas part of a long-running border dispute between the South American countries.
Oil Market Copes with Storage Limits as Demand Soars
The oil market is coping with storage capacity limits because demand for products such as petrol has been unexpectedly strong, says a senior executive at the world’s biggest independent oil trader.
European Oil Companies to Develop Strategy on Climate Change
Europe's largest oil companies are banding together to forge a joint strategy on climate change policy, alarmed they'll be ignored as the world works toward a historic deal limiting greenhouse gases.
Saudi Capital continues to Expand Despite Oil Price Crunch
Saudi Arabia has not let ongoing developments go slack, especially in the capital Infrastructure Problems Prompt Withdrawal from Qatar Operation
The company says lack of access to local infrastructure led to the decision
