News Topics: Political & Social Unrest
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OMV Drops 2016 Output Goal, Takes 4Q Charge
Thursday, January 29, 2015 Austria's OMV says reduced investment due to lower oil prices and Libyan uncertainty would prevent it from reaching its 2016 output target.
Russia's Gazprom Cancels Plans to Expand Nord Stream
Wednesday, January 28, 2015 Russia's Gazprom cancels a plan to build two more branches of the Nord Stream natural gas pipeline, according to sources.
Petrobras Reports Earnings Without Graft Writedowns Despite Delays
Wednesday, January 28, 2015 Petrobras released delayed unaudited third-quarter results, but its shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.
Lukoil Would Welcome Investigation into Accusations it Funded Terrorism
Wednesday, January 28, 2015 Lukoil wants a prompt investigation into accusations it took part in the funding of terrorism in Ukraine and is ready to cooperate with Ukraine's law enforcement agencies.
Nigeria's Forcados Oil Pipeline Resumes after One-Week Shutdown
Tuesday, January 27, 2015 Nigeria resumes operations at its Trans Forcados oil pipeline after the pipeline was shut down for a week due to sabotage.
Turkish Cypriot Negotiator Urges Suspension Of Gas Drilling
Tuesday, January 27, 2015 Greek and Turkish Cypriots should agree to suspend the search for offshore natural gas until they have hammered out a settlement in talks, Ergun Olgun says.
BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region
Tuesday, January 27, 2015 BP cuts 255 jobs, or around 8% of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment".
Rival Minister: Libya Producing 363,000 Barrels per Day
Monday, January 26, 2015 Oil output from Libya fells to 363,000 barrels per day amid fighting.
Mexico Looks The Other Way As Contractors Fleece Oil Giant Pemex
Friday, January 23, 2015 A recent rig deal, a Reuters examination finds, is typical of the way Pemex and the government respond to widespread signs of fraud in the company's vast contracting budget: by looking the other way.
Minister: No Need For Petrobras Investment Cut Due To Corruption Probe
Wednesday, January 21, 2015 Petrobras does not need to curtail its multibillion-dollar investment plan because of a growing corruption scandal, Mines and Energy Minister Eduardo Braga tells Reuters.
BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.
Petrobras Names Head Of New Governance, Risk And Compliance Unit
Tuesday, January 13, 2015 Petrobras names Joao Adalberto Elek Junior as its first head of governance, risk and compliance, part of efforts to ease investor concerns in the wake of a giant corruption scandal.
OMV Aims to Boost Yemen Output to 30,000 BPD if Conditions Allow
Tuesday, January 13, 2015 Austria's OMV wants to boost its Yemeni oil output from 20,000 barrels per day to 30,000 barrels per day, according to a senior executive.
Turkish Vessel To Continue Work Off Cyprus, Deepening Standoff
Tuesday, January 06, 2015 A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities say, extending a simmering standoff between rival sides.
Greek-Operated Oil Tanker Bombed at Libyan Port, Two Dead
Monday, January 05, 2015 Two crew members are killed as unidentified military aircraft bomb a Greek-operated oil tanker anchored at the Libyan port of Derna.
Russia Oil Output Hits Post-Soviet High, Small Firms Help
Friday, January 02, 2015 Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day, rising by 0.7 percent helped by small non-state producers.
Two Oil Tanks Destroyed At Libya Port, Two Others Still On Fire
Tuesday, December 30, 2014 Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman for state National Oil Corp. says.
Libya Fighting Destroys Two Days Oil Supply
Monday, December 29, 2014 A fire caused by fighting at one of Libya's main export terminals has destroyed more than two days of the country's oil production, officials say, as clashes escalated between factions battling for control of the OPEC member nation.
Kommersant: BP Nears Deal on New Project with Russia's Rosneft
Wednesday, December 24, 2014 BP is close to a deal with Russian partner Rosneft for a new project that would expand its commitments in Russia, despite Western sanctions.
Libya Fighting Spreads to Third Oil Port, 11 Killed in Benghazi
Monday, December 22, 2014 Fighting between Libya's competing governments spreads to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country's own domestic requirements, officials said.
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.