Oil | Egypt Oil & Gas - Part 61
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 ...
Eni Takes Larger Share in Kazakhastan Oil Reserve
Italian energy company Eni said it took on a larger stake in the Isatay oil reserve area in the Caspian Sea from its partners in Kazakhastan.
Mergers a Key Tool in Abu Dhabi’s Debt Alleviation Plans
Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance
Australia’s New Standard Energy Exits US Amid Downturn
Another casualty of the downturn in oil prices: Australia's New Standard Energy Ltd. is exiting the U.S.
US Rejects Appeals on 2010 Oil Spill
Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company's failed equipment.
Argentina’s Plan to Seize Assets of Falklands Oil Drillers Criticised by the UK
Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of driller ...
Nigeria’s APC States Government Must Scrap Oil-Industry Bill
Nigeria’s ruling party recommended the government discard a long-delayed oil-industry bill, review fuel subsidies and sell off some units of the state petroleum company.
