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News Topics: Political & Social Unrest

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Results35 articles shown

Libya Not Producing Enough Oil for Own Needs, NOC Says
Monday, December 22, 2014 Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) says, as the country struggles with fighting and protests that have hampered production since the 2011 ouster of leader Muammar Gaddafi.

Brazil's Rousseff Vows Clean-Up Of Scandal-Tainted Petrobras
Friday, December 19, 2014 Brazilian President Dilma Rousseff, dogged by a multibillion-dollar corruption scandal at Petrobras, vowed to stamp out graft at the flagship firm and place it under strict corporate governance.

EU Bans Investment in Crimea, Targets Oil Sector, Cruises
Thursday, December 18, 2014 The EU bans investment in Crimea, halting European help for Russian Black Sea oil and gas exploration.

Petrobras CEO Says Rousseff Refused Offer To Resign On Scandal
Wednesday, December 17, 2014 Petrobras may have to resign to avoid further delays of the company's audited 3Q earnings report.

Bank of England: Plunging Oil Prices Could Boost Geopolitical Tensions
Tuesday, December 16, 2014 Plunging oil prices could heighten geopolitical tensions, the Bank of England warns.



Another Former Petrobras Executive Charged In Brazil Scandal
Monday, December 15, 2014 Brazilian prosecutors say they filed criminal charges against another former executive at Petrobras and three other people for alleged involvement in a massive kickback scheme at the state-run oil company.

Nigeria Oil Unions Start Strike, Output Seen Unaffected
Monday, December 15, 2014 Nigeria's oil unions began an indefinite strike, although crude output in Africa's top producer is not likely to be affected, oil industry sources says.

Nigeria's Main Oil Worker Unions To Start Strike On Dec 15
Sunday, December 14, 2014 Nigeria's two main oil worker unions will begin an indefinite nation-wide strike starting on Dec. 15, the unions said.

Brazilian Engineering Executives Charged In Petrobras Scandal
Thursday, December 11, 2014 Brazilian prosecutors formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from Petrobras to the ruling political party and its allies.

Russia's Rosneft Secures Oil, Gas Deals With India
Thursday, December 11, 2014 Rosneft strikes oil and gas deals with India as it seeks to diversify its exports away from Europe.

Diplomat: Russia Still Sees Gas Pipeline Serving Southeast Europe
Tuesday, December 09, 2014 Russia has not given up on building a pipeline to supply gas to southeast Europe despite the collapse of the South Stream project, according to Russia's new ambassador to Hungary.

Former Petrobras Director Says Graft Scheme Widespread In Brazil
Tuesday, December 02, 2014 A former Petrobras executive at the center of an alleged multibillion-dollar graft scheme involving the company said that similar bribery and kickback schemes are prevalent in many Brazilian projects.

Gabon's Oil Workers Start Strike, Petrol Queues Appear
Tuesday, December 02, 2014 Gabon's oil workers begin an open-ended, industry-wide strike after talks with the country's government collapse.

Egyptian Militants Say Killed American Oil Engineer
Monday, December 01, 2014 Egypt's deadliest militant group says it is behind the killing of an American petroleum engineer whose body was found in a car in a desert region almost four months ago.

China Corruption Watchdog Launches Inspections, Eyes Sinopec
Monday, November 24, 2014 China's corruption watchdog has launched a series of inspections into state-owned enterprises and government bodies including Sinopec, state media says.

Oil Industry Swashbucklers Hit By War, Disease And Shale Boom
Monday, November 24, 2014 The world has become a more difficult place for the small, intrepid Canadian oil explorers that roam the globe hunting for the next big petroleum discovery.

Brazil's Petrobras Says Received US SEC Subpoena For Documents
Monday, November 24, 2014 Petrobras says it received a subpoena from the US Securities and Exchange Commission asking for documents relating to an investigation it is pursuing.

Gaza Marine Development Could Help Deliver Israeli Security
Sunday, November 23, 2014 Rigzone hears Ariel Ezrahi, an adviser to former British PM Tony Blair, explain how investing in Palestinian energy infrastructure would be good for Israel's security and its relations with the Arab world.

Source: Petrobras Probe Finds Corruption, One Executive Fired
Wednesday, November 19, 2014 Petrobras fires one executive for corruption and identifies about 15 other employees involved in irregular contracts with suppliers, a source familiar with the situation says.

Petrobras Delays Earnings Report To Probe Corruption Allegations
Thursday, November 13, 2014 Petrobras delays the release of its third-quarter earnings report to allow more time to investigate corruption allegations.

Beijing, Philippines Move To Calm South China Sea Tensions
Tuesday, November 11, 2014 Philippine President Benigno Aquino says he and Xi Jinping had a "meeting of minds" during talks which included a territorial row that has soured relations between the South China Sea states.

Iraq's Rumaila Field Unaffected by Conflict and Oil Price Slide - BP
Monday, November 10, 2014 Operations at Iraq's biggest oilfield, Rumaila, have not been affected by sliding oil prices and the government's battle against Islamic State militants, a senior executive at developer BP says.

Continental CEO Harold Hamm Ordered to Pay $995 Million in Divorce
Monday, November 10, 2014 An Oklahoma County judge orders Continental Resources Chief Executive Officer Harold Hamm to pay nearly $1 billion in a divorce judgment, according to a court filing made public.

Libya's Political Chaos Hits Oilfields, Output Threatened
Monday, November 10, 2014 Libya's escalating political struggles threatened to derail the recovery in the country's oil sector, as a commander in charge of security at its biggest field said forces loyal to a rival government in Tripoli had forced out his men.

Greece Tells Turkey To Stop Challenging Cyprus Natgas Efforts
Friday, November 07, 2014 Greece urges NATO partner Turkey to stop harassing Cyprus while it looks to exploit offshore natural gas fields.

Spike Seen In African Offshore Disputes, Oil Companies Watching
Thursday, November 06, 2014 African maritime boundary disputes are expected to rise dramatically, potentially curbing exploration and creating uncertainty in ownership over tens of billions of barrels of oil, industry experts say.

Gunmen Storm Libya's El Sharara Oilfield, Shut Down Production
Thursday, November 06, 2014 Gunmen seized Libya's major El Sharara oilfield, looting equipment and shooting as frightened workers sought shelter, oil sources say, in another blow to the country's oil industry which has been subjected to protests and militia blockades.

Texas City Bans Fracking In Its Birthplace, Court Battles Loom
Wednesday, November 05, 2014 Voters approve a ban on hydraulic fracturing in the north Texas town of Denton, making it the first city in the Lone Star State to outlaw the oil and gas extraction technique behind the US energy boom.

Islamic State Says Seizes 2nd Gas Field In Syria
Monday, November 03, 2014 The Islamic State says it has seized control of a second Syrian gas field in a week.

BNP: Petrodollars Leave World Markets For First Time In 18 Years
Monday, November 03, 2014 Energy-exporting countries are set to pull their "petrodollars" out of world markets this year for the first time in almost two decades, according to a study by BNP Paribas.

Total's New Boss Says Europe Must Fight US Oil Export Ban
Thursday, October 30, 2014 The new head of Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor.

Monitor: Islamic State Fights Syrian Army for Gas Field, Kills 30
Wednesday, October 29, 2014 Islamic State militants kill at least 30 pro-government fighters in an assault on a gas field, according to a monitoring group.

BP Posts Slump In Russian Income But Raises Dividend
Tuesday, October 28, 2014 BP increases dividends for its third quarter as it sees a jump in operating cash flow.

CEO: Russia's Rosneft Will Continue Drilling In Arctic
Friday, October 24, 2014 Russia's largest oil producer Rosneft will continue to drill in the Arctic Kara Sea on its own after the departure of ExxonMobil.

China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
Friday, October 24, 2014 Chinese diplomat visits Vietnam over oil rig operating in part of the South China Sea that both countries claim.