Mozambique Eyes $880 Mln in Tax from Anadarko Takeover
Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum, local newspaper O Pais reported on Friday.Anadarko led a liquefied natural gas project in the southern African country, but it was replaced by Total after the French oil major agreed
As Mexico Oil Sector Sputters, Crime and Violence Rattle Industry Towns
Until recently, Edgar Barrera enjoyed a life many Mexicans could only hope for. In a few short years, the 36-year-old bookkeeper rose from handyman to white-collar worker at what seemed to be one of the most stable companies in Latin America: state-owned oil firm Pemex.
Statoil to Rebrand as Equinor
Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment. Norway's Statoil plans to change its name to Equinor, reflecting its commitment to become a broad energy company rather than one focused only on oil, it said on Thursday.
Petrobras Working on New Contracts for Gas, Diesel Distributors
Brazilian state-controlled oil company Petroleo Brasileiro SA said on Monday it is working on a new contract model for gasoline and diesel distributors in a bid to recover market share that has was lost to competition from importers. "With the new…
Botswana Launches Regulator to Oversee Private Power Firms
Botswana has established an energy regulator to manage private firms it hopes will expand an electricity sector currently dominated by the state, a local newspaper reported Wednesday. "The authority will be mandated to make sure that power producers follow set prices…
Oregon County Won't Block LNG Terminal
A coastal Oregon county overwhelmingly rejected a ballot measure aimed at blocking a proposed natural gas terminal dealing a blow to what was the latest in a series of efforts to thwart energy projects across the Pacific Northwest. The measure, had it passed…
Once Critical, Gulf Executives Want to Do Business with Trump
Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. In Dubai, boards displaying the President…
China Halts Work on $15 bln Nuclear Waste Project After Protests
A Chinese city has suspended preliminary work on a proposed 100 billion yuan ($15 billion) nuclear waste processing plant following protests by local residents concerned about health risks. Reports that Lianyungang - a coastal city about 500 km…
No Plans to Privatize Petrobras: CEO
The Brazilian government has no plans to privatize state-run oil company Petroleo Brasileiro SA and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's Chief Executive Officer Pedro Parente…
ConocoPhillips, ENAP to Explore for Gas in Southern Chile
Chilean state oil company ENAP has signed a deal with ConocoPhillips to explore and eventually exploit gas deposits in the nation's remote southern Magallanes region, a source familiar with the agreement confirmed on Monday. Local newspaper El Mercurio…
Shell Philippines Will Fight $1.1 bln Tax Claim
The Philippine unit of Royal Dutch Shell will exhaust all legal means, including international arbitration, to challenge a $1.1 billion tax claim against its Malampaya natural gas project, a company official said on Friday. Shell Philippines Exploration B.V…
North Dakota 'man camps' Face Eviction
Providers of temporary housing for North Dakota's oilfield workers are fighting a plan by the state's energy capital to evict their "man camps," fearing it could set an example for others and add to the sector's woes caused by a global commodity slump.
PDVSA: $5.2 bln Bond Payments Made
Venezuela's PDVSA has paid $4.2 billion in bond maturities and interest in recent days, and will shortly pay another $1 billion, the state oil company's president told a local newspaper on Thursday. PDVSA's $1.41 billion 2015 bond matured at the…
Norway's Statoil Drops Upgrade of Mongstad Refinery
Norway's Statoil is dropping a planned upgrade at its Mongstad oil refinery in western Norway, it said on Wednesday, in another sign of oil companies cutting costs to cope with lower oil prices and difficult markets. Statoil had been working on…
Sewage Flow is Williston's Oil Bust Indicator
The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices , according to an unusual metric: the amount of sewage produced. Williston, North Dakota, has seen its population drop about 6 percent since last summer…
Another Former Petrobras Exec Arrested
Brazilian police have arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, a local newspaper reported on Thursday. Zelada is accused of money-laundering…
Accident Reported on Offshore Rig off Mexico
An accident on an offshore rig in the southern Gulf of Mexico has injured 10 people, local media reported on Tuesday, but state oil company Pemex had no immediate details on the incident, saying only that no platform had sunk. Local newspaper Campeche…
Boost to Asian Refining Margins Will Fade
One of the persistent themes in the letter pages of my local newspaper is why, if crude oil prices have halved in the past eight months, am I still paying so much for petrol to fill my car? The writers invariably see some conspiracy involving price-gouging by fuel retailers…
Petrobras Shares Surge on Report Rousseff to Replace CEO
Shares of Brazil's state-run oil company Petrobras rose more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported the country's President Dilma Rousseff has decided to replace the embattled company's chief executive officer.
Azerbaijan Expects Absheron Gas Production Start in 2021
French oil firm Total is expected to start production at Azerbaijan's Absheron gas field in the Caspian Sea in 2021, the Azeri energy minister told a local newspaper, a year later than the company has previously estimated. Total last week submitted a fresh development plan for the field…
