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News Topics: Political & Social Unrest

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Results46 articles shown

Yemen Separatists Urge Oil Firms to Stop Exports from South
Wednesday, October 15, 2014 Southern separatists seeking to split from Yemen's north set an ultimatum for the government evacuate its soldiers and urge foreign oil and gas firms to halt exports.

DNO's Iraqi Tawke Oilfield Output Increase Delayed
Wednesday, October 15, 2014 DNO says the departure of contractors from its Tawke oilfield in Iraqi Kurdistan delayed the push to increase its output capacity.

Group That Seized Tripoli Takes Libyan Government, Oil Company Websites
Tuesday, October 14, 2014 A self-declared government set up by an armed group that seized the Libyan capital in August has taken over the websites of the state administration and the national oil company.

Protesters Threaten to Close Another Oilfield in Eastern Libya
Tuesday, October 14, 2014 Protesters blocking Libya's Abu Attifel oilfield threaten to close another field to force a state oil company to hire hundreds of local people.

Russian Oil Shift East Accelerates, Dictated by Politics
Monday, October 13, 2014 Russia is diverting more of its crude oil east with deliveries to China hitting a new record in September.



Venezuela Says To Pay Less Than $1B To Exxon Over Nationalization
Friday, October 10, 2014 Venezuela will end up paying less than $1 billion to ExxonMobil for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government says.

Lego To Drop Shell Contract But Criticizes Greenpeace
Thursday, October 09, 2014 Lego criticizes Greenpeace's actions towards Shell and does not give a concrete reason for not renewing the contract.

Venezuela Ordered To Pay Exxon $1.6B For Nationalization
Thursday, October 09, 2014 A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil around $1.6 billion to compensate for a 2007 nationalization.

As Money Runs Out, Fallen Brazilian Tycoon Batista Faces The Law
Wednesday, October 08, 2014 A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over.

Cyprus President Suspends Peace Talks
Tuesday, October 07, 2014 Cyprus' president suspends talks on reunifying the ethnically divided island in response to Turkish plans to search for oil and gas in waters.

Cyprus: Turkey Gas Search Could Hurt Peace Talks
Monday, October 06, 2014 Cyprus warns that plans by Turkey to search for oil and gas in waters where it has already licensed companies to drill could derail reunification talks on the ethnically split island.

KS Discoverer 1 Contract in Kurdistan Terminated Due to Force Majeure
Friday, October 03, 2014 KS Energy reports that the contract for drilling services and charter of its KS Discoverer 1 onshore rig in Kurdistan has been terminated after client, OP Hawler, declared force majeure due to unrest in Iraq.

Gazprom Neft Says Shell Suspends Russian Tight Oil Project
Friday, October 03, 2014 Shell is suspending development of hard-to-recover oil in Russia's Bazhenov formation with Gasprom Neft after the West imposed sanctions on Russia.

Gulf Keystone Says Has Returned All Staff to Iraqi Kurdistan
Wednesday, October 01, 2014 Gulf Keystone Petroleum has returned all staff to its operations in Iraqi Kurdistan after evacuating international contractors from the region amid escalating violence in August.

Merkel Says May Be Necessary To Rethink EU Energy Partnership With Russia
Monday, September 29, 2014 German Chancellor Angela Merkel says there were good reasons to continue EU's energy partnership with Russia for the time being but that might change.

Russia Moves To Take Control Of Oil Firm From Billionaire
Friday, September 26, 2014 Russia moves to take control of an oil company from oligarch Vladimir Yevtushenkov.

Monitoring Group: Air Strikes Hit Oilfields & Islamic State Bases in Syria
Friday, September 26, 2014 Air and missile strikes, thought to be carried out by U.S.-led forces, hit oilfields and Islamic State bases in the eastern Syrian province of Deir al-Zor overnight and early Friday, a monitoring group says.

Filipino-UK Firm To Drill For Gas In Disputed Sea
Friday, September 26, 2014 Chinese state-owned oil producer hasn't responded to a revived proposal to jointly explore an area of the South China Sea but drilling will go ahead by 2016, Chairman Manuel Pangilinan says.

Mexican Cartels Steal Billions From Oil Industry
Thursday, September 25, 2014 As Mexico prepares to develop shale fields and attract foreign investors, another challenge awaits: taming the brutal drug cartels that are stealing billions of dollars' worth of oil from pipelines.

PDVSA Asset Sales May Shield Venezuela From Possible Seizures
Wednesday, September 24, 2014 PDVSA's rushed move to sell units raises questions whether Venezuela wants to reduce international exposure to avoid potential asset grabs in the event companies win arbitration cases against the country.

Lawmaker: Libyan Budget Deficit To Double As Strife Hits Oil Output
Wednesday, September 24, 2014 Libya's budget deficit could more than double to $15 billion this year, as political and civil chaos ravage the OPEC member's oil revenues, a senior lawmaker says.

Brazilian Tycoon Charged With Market Manipulation
Wednesday, September 24, 2014 Federal prosecutors in Sao Paulo have charged Brazilian tycoon Eike Batista with manipulating the stock market and causing billions of dollars in losses.

Fighting Close to Libyan Oilfield, Refinery as Rival 'Oil Minister' Appears
Monday, September 22, 2014 Soldiers and police have clashed in the last few days near Libya's biggest El Sharara oilfield in the south, while separate fighting erupted in the west not far from the Zawiya refinery, residents and medics say.

Lukoil CEO Says Russian Output Will Not fall in 2015
Friday, September 19, 2014 Russia's Lukoil will not cut domestic oil output next year but will invest less money in projects, says its CEO.

Facing US Sanctions, Exxon Winds Down Drilling In Russian Arctic
Friday, September 19, 2014 ExxonMobil says it will wind down drilling in Russia's Arctic in the face of US sanctions targeting Western cooperation with Moscow's oil sector.

Libya's Zawiya Refinery, El Sharara Oilfield Shut
Thursday, September 18, 2014 Libya's Zawiya refinery and El Sharara oilfield are both shut after damage from fighting between armed factions.

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Friday, September 12, 2014 Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues.

BP, Shell Urge Scotland to Vote against Independence
Thursday, September 11, 2014 With a week to go before Scotland's independence referendum, BP and Shell come out in support of Sir Ian Wood's view that the Scottish people are being misled by the Yes campaign.

Eni Chief Under Investigation By Prosecutors Over Nigerian Oil Deal
Thursday, September 11, 2014 Eni chief Claudio Descalzi has been placed under investigation over alleged corruption relating to a big Nigerian oil deal.

Gazprom's 1Q Earnings Hurt By Ukraine, Exports Outlook Worsened
Thursday, September 11, 2014 Gazprom reports a 41% fall in 1Q net profit with more pain to come due to the firm's pricing dispute with Ukraine.

Poland's PGNiG Says Sees Lower Gas Supplies from Gazprom
Wednesday, September 10, 2014 PGNiG says that it is seeing reduced gas supplies from Russia's Gazprom and is trying to clarify the reason why.

WSJ: China Deploys Troops to UN Force to Protect South Sudan Oilfields
Wednesday, September 10, 2014 China is deploying 700 soldiers to a United Nations peacekeeping force in South Sudan to protect oil fields and Chinese workers amid a rebellion in the African country, The Wall Street Journal reports.

New Iraq Oil Minister Faces Security Challenge, Kurdish Dispute
Tuesday, September 09, 2014 Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears.

Rosneft Struggles To Grow As Sanctions Hit Russia's Oil Champion
Tuesday, September 09, 2014 Rosneft cuts staff and production, while selling stakes in its Siberian fields, amid Western sanctions.

Petrobras Investigates Kickback Allegations, Seeks Testimony
Tuesday, September 09, 2014 Petrobras is seeking testimony from a jailed former director as part of an internal inquiry into allegations of a vast kickback scheme involving dozens of high-profile lawmakers.

Russia's Novatek CEO Says Plans Unchanged Despite Sanctions
Tuesday, September 09, 2014 Novatek CEO says Russian firm will not change its future plans in spite of Western sanctions.

Diplomat: EU Puts Top Russian Oil Companies on Sanctions List
Monday, September 08, 2014 The European Union puts Russia's Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, says a diplomat.

More Oilfield Staff Return to Work in Iraqi Kurdistan
Monday, September 08, 2014 Genel Energy becomes the latest company operating in the Kurdistan region of Iraq to report that it is returning staffing levels to normal after recent violence in the area.

Pirates Attack Products Tanker Off Ivory Coast
Wednesday, September 03, 2014 Armed pirates attack a petroleum products tanker off the Ivory Coast's port of Abidjan.

Russian Oil Production Rises in August, Sanctions Yet to Bite
Tuesday, September 02, 2014 Russia's oil output increased in August, helped by an increase in condensate production at Gazprom, showing that energy supplies have ben been yet affected by sanctions over Ukraine.

Algeria's In Amenas Gas Plant Returning to Normal after Attack
Monday, September 01, 2014 Normal operations resume at a major gas plant in Algeria, 18 months after a raid by Islamist militants killed 40 employees.

Afren Shares Drop after Kurdistan Shutdown Prompts Production Forecast Cut
Friday, August 29, 2014 Independent explorer Afren slashes its full-year production forecast by 20 percent following shutdown of its Kurdistan operations.

Iraq To Appeal US Court Decision On Kurdish Oil
Thursday, August 28, 2014 The Iraqi oil ministry says it would challenge a US court decision that stopped US Marshals from seizing some one million barrels of disputed Kurdish oil docked near Texas.

Talisman To Proceed With Kurdistan Sale Despite Big Oil Find
Friday, August 22, 2014 Talisman says it still plans to sell its oil properties in Iraq's Kurdistan region, even after its partner announced a massive oil discovery on its properties.

CEO: OMV Pulls Staff From Kurdistan, Ponders Crimea
Friday, August 22, 2014 OMV withdraws staff from Iraqi Kurdistan and is also waiting on what happens south of Crimea, where the firm has plans with Exxon.

Mexico Launches Special Police Force To Guard Economic Activity
Friday, August 22, 2014 Mexico launches a scaled-back version of a new police force President Enrique Pena Nieto had vowed to create while on the campaign trail to safeguard businesses against rampant organized crime.