News Topics: Political & Social Unrest
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Norway's DNO Says Committed to Kurdistan Despite Violence
Thursday, August 21, 2014 Norway’s DNO says it remains committed to its operations in Iraq’s Kurdistan region in spite of nearby violence.
Hamas Says Fired Rockets At Offshore Israeli Gas Well
Wednesday, August 20, 2014 Hamas says it has fired two rockets at an Israeli gas installation about 19 miles off the coast of Gaza.
Lobby Group: Norway's Politics Threatens Oil Competitiveness
Wednesday, August 20, 2014 High taxes and 'political meddling' in oil and gas projects threatens the competitiveness of Norway's offshore energy sector, says the Norwegian Oil and Gas Association.
Aquino Says Chinese Survey Ships Seen In Philippine Waters
Monday, August 18, 2014 Philippine President Benigno Aquino says two Chinese survey vessels have been sighted in a gas-rich area of its exclusive economic zone.
Iraqi Kurdistan's Largest-Producing Oilfield Working To Boost Output
Friday, August 15, 2014 Oil production at Iraqi Kurdistan's largest-producing oilfield is set to rise to as much as 14,000 barrels per day by the end of the month.
Russian Oil Giant Seeks Funds Earmarked For Pensions
Thursday, August 14, 2014 Rosneft is seeking a $42 billion loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine.
OMV Profit Drops as Libya Crisis Boosts Costs
Tuesday, August 12, 2014 Austria's OMV sees its underlying operating profit halve during the second quarter of 2014.
CAT Oil Keeps Outlook Despite Russia Sanctions
Monday, August 11, 2014 CAT Oil sticks to its 2014 outlook despite Western economic sanctions against Russia.
Oil Exploration in Kurdistan Halted Amid Violence
Monday, August 11, 2014 Hess Corp. is latest oil firm to suspend operations in Iraqi Kurdistan, as Kurdistan Regional Government halts exploration activities near potential combat zones.
Ukraine Promises Smooth Russian Gas Transit to Europe
Monday, August 11, 2014 Ukraine's Naftogaz will continue uninterrupted pumping of Russian gas exports to Europe through its territory even if Ukraine imposes its own sanctions on Russia.
Kurdish Oil Pipeline via Turkey Runs Normally Despite Militant Advance
Friday, August 08, 2014 Kurdistan's oil pipeline via Turkey is operating normally and pumping 120,000 barrels per day despite the advance by Islamic State fighters in northern Iraq.
Genel Says Kurdish Fields 'Remain Safe and Secure'
Friday, August 08, 2014 Genel Energy reports that its Taq Taq and Tawke fields in Iraqi Kurdistan "remain safe and secure" amid fighting between Islamic State and Peshmerga forces in Kurdish territory.
Iraqi Kurdistan-Focused Oil Shares Hit By IS Advance
Thursday, August 07, 2014 Shares of energy companies operating in Iraqi Kurdistan plunged and two US companies evacuated some staff as Islamic State militants advanced.
DNO Continuing Operations at All Iraq Oil Fields
Thursday, August 07, 2014 DNO continues operations in Iraq's Kurdistan region in spite of Islamic State militants extending their gains in northern Iraq.
Genel Profits Rise on Higher Kurdistan Oil Exports
Tuesday, August 05, 2014 Genel Energy posts a 50-percent rise in first-half oil production, buoyed by output from Iraqi Kurdistan.
Cadogan: Ukraine Tax Changes to have 'No Material Effect' on Operations
Tuesday, August 05, 2014 Cadogan Petroleum says recent tax changes in Ukraine should have no material effect on its financial position, operations or work program in the country.
CEO: Russia Sanctions Leave Austria's OMV Untouched
Monday, August 04, 2014 European sanctions imposed on Russia for its role in Ukraine's political crisis have had no impact on Austrian energy group OMV, Chief Executive Gerhard Roiss says.
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