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Oil & Gas

Sabotage behind Eni oil pipeline blast in Nigeria

July 21, 2008
The Associated Press reports that an explosion that destroyed an Eni SpA oil pipeline in Nigeria''s restive southern oil region was caused by aggrieved youths from a nearby community, a
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Shell may invest up to $300 million in Peru

July 21, 2008
The Associated Press reports that Royal Dutch Shell PLC may invest up to US$300 million in oil and natural gas exploration in northern Peru, a decade after the Anglo-Dutch company
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Chavez aims to expand Venezuela oil pact

July 14, 2008
According to the Associated Press, Venezuelan President Hugo Chavez recently touted a pact delivering fuel to Caribbean nations and loosened the financing terms to aid countries struggling with high oil
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Gazprom eyes Libyan gas, oil exports

July 11, 2008
According to Reuters, Russian gas export monopoly Gazprom wants to buy any additional natural gas produced by Libya and some of the country''s oil, the North African country''s top oil
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Polar bear harassment by oil companies challenged

July 9, 2008
According to the Associated Press, two conservation groups filed a lawsuit recently challenging the Bush administration''s decision to let oil companies unintentionally harass or harm polar bears and walruses off
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China CNOOC strikes oil, gas in new Bohai Bay well

July 7, 2008
According to Reuters, top Chinese offshore oil and gas producer CNOOC Ltd announced recently that it had struck oil and gas at a wildcat well in north China''s Bohai Bay.KL
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Nigeria oil rebel wins right to appeal secret trial

July 7, 2008
According to Reuters, the suspected leader of Nigeria''s main oil militant group has won the right to appeal to have his trial for treason and gun-running held in public, a
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Spain''s Repsol to invest $1.5B in Brazil

July 2, 2008
The Associated Press is reporting that Spain''s top oil company, Repsol YPF SA, plans to invest as much as $2 billion to develop vast crude reserves recently discovered at Brazil''s
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Union: Chevron workers end strike in Nigeria

July 2, 2008
According to Agence France-Presse, Nigerian senior oil workers with Chevron called off a week-long strike against the US group, a union official said recently.The Petroleum and Natural Gas Senior Staff
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Iraq unveils oilfields open for long-term contracts

June 30, 2008
According to Reuters, Iraq recently opened its giant oilfields to foreign firms, clearing the way for major investment by multinationals ushered out nearly 40 years ago under nationalization. The move
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