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Oil & Gas

Nigeria close to jv funding deal with Shell

May 21, 2008
According to Reuters, Nigeria is finalising a deal with Royal Dutch Shell to help plug a funding gap which has delayed joint venture projects, and hopes to sign in the
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BP''s Russian office raided by top security agency

May 21, 2008
The Associated Press is reporting that BP, Europe''s second-largest oil company, said Russian security agents raided its Moscow offices in search of unspecified documents recently.The Federal Security Service, Russia''s top
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Rights activists in Peru condemn corporations

May 21, 2008
According to the Associated Press, human rights activists "ethically and morally" condemned 24 European corporations recently, accusing them of environmental contamination, labor exploitation and selling dangerous pesticides in Latin America.The
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More support for Exxon Mobil dissidents'' proxy fight

May 19, 2008
The Associated Press is reporting that four U.K.-based investors and a British proxy advisory firm publicly joined a group of dissident shareholders calling for an independent chairman at Exxon Mobil
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Eni, Congo Republic sign oil sands deal

May 19, 2008
According to Reuters, Italian oil company Eni SpA signed an accord with the Republic of Congo recently for exploration and development of an oil sands field at Tchikatanga and Tchikatanga-Makola
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Nigerians seek damages from Shell over pollution

May 16, 2008
The Associated Press is reporting that four Nigerian villagers and an environmental group are demanding oil company Shell take responsibility for damage from oil leaks caused by its Nigerian subsidiary,
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EU probes Statoil-ConocoPhillips deal

May 14, 2008
The Associated Press is reporting that the European Union opened an antitrust investigation recently into ConocoPhillips''s proposed sale of hundreds of gas stations in Scandanavia to Norway''s state-controlled oil company.The
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Once-trendy ethanol struggles

May 12, 2008
The Associated Press is reporting that U.S. producers of corn-based ethanol used to be able to promote their business and their shares with a blend of patriotism and eco-sensitivity
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Nigerian links oil field peace, firms'' social work

May 12, 2008
According to Reuters, a Nigerian official said recently that oil field security in his country would improve if oil companies boosted their community development efforts.Emmanuel Egbogah told reporters that they
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Russia, Kazakhstan in oil pipeline deal

May 12, 2008
The Associated Press is reporting that Russia and Kazakhstan have agreed to double the capacity of a Caspian region pipeline that should help open up Central Asian oil fields to
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