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Sudan Threatens to Take One-Fourth of South Sudan’s Oil

Posted November 30th, 2011 at 9:25 pm (UTC-5)
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Sudan says it will take about a quarter of South Sudan’s oil from a pipeline under Sudan after talks on sharing oil revenue failed. Sudanese officials say they have no plans to block South Sudan’s oil exports. Officials say they only want their fair share to help boost the country’s faltering economy. Sudan lost much […]

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Sudan Blocks South Sudan Oil Exports

Posted November 28th, 2011 at 11:10 am (UTC-5)
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The Sudanese government has blocked oil exports from newly independent South Sudan, citing a transit fee dispute. Landlocked South Sudan relies on its northern neighbor’s pipelines and port on the Red Sea to export oil. Sudan’s oil minister, Ali Ahmed Osman, said Monday that Khartoum decided November 17 to hold up the south’s oil shipments. […]

Tags: , , Posted in Africa, Economy

Amnesty Intl. Urges Shell to Clean Up Nigeria Oil Spill

Posted November 10th, 2011 at 5:45 am (UTC-5)
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Amnesty International released a report Thursday saying Shell Oil should commit $1 billion to start cleaning up two spills in southeastern Nigeria that have impacted the livelihoods of thousands of farmers and fishermen. Amnesty says British lawyers representing those affected by the oil spills in the Bodo, Ogoniland area of the Niger Delta in 2008 […]

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No Significant Oil Find at Project Off Liberia

Posted November 9th, 2011 at 9:10 am (UTC-5)
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Energy firms have abandoned an oil-drilling project off the coast of Liberia, after failing to find major deposits at the site. Tullow Oil said Wednesday that drillers had found only “non-commercial” quantities of oil at the Montserrado-1 exploration well in the Liberian basin. It said the well is being plugged and abandoned and the drillship […]

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US Says BP Can Drill Again in Gulf of Mexico

Posted October 21st, 2011 at 3:45 pm (UTC-5)
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British oil giant BP has won U.S. approval to restart drilling in the Gulf of Mexico, 18 months after one of its wells exploded in the worst American oil spill and killed 11 workers. The U.S. government said Friday that BP could drill up to four wells in 1,800-meter deep Keathley Canyon. The site is […]

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US Firm Pays $4 Billion to BP for Gulf Oil Spill

Posted October 17th, 2011 at 6:35 pm (UTC-5)
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A U.S. oil company, Anadarko Petroleum, has agreed to pay $4 billion to BP to cover the costs related to last year’s devastating oil spill in the Gulf of Mexico. The explosion of the Deepwater Horizon oil rig on April 2010 killed 11 workers and sent 5 million barrels of oil pouring into the waters […]

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US Firm Pays $4 Billion in Oil Spill Damages

Posted October 17th, 2011 at 11:25 am (UTC-5)
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A U.S. oil company that owned a 25 percent stake in the Gulf of Mexico oil well that exploded last year has agreed to pay $4 billion to victims of the worst American oil spill. Anadarko Petroleum had been feuding with BP, the oil well’s operator, over who was responsible for the explosion that killed […]

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Uganda Halts New Oil Deals Following Accusations of Bribery

Posted October 12th, 2011 at 6:25 am (UTC-5)
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Lawmakers in Uganda have temporarily suspended the signing of all new oil deals until new regulatory laws are passed. Uganda’s parliament made the move Tuesday following allegations that bribes were given to several top Ugandan politicians in order to secure the purchase of some of the country’s oil assets. In particular, lawmakers withheld approval of […]

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New Zealand PM Says Stranded Cargo Ship Could Sink

Posted October 12th, 2011 at 4:30 am (UTC-5)
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New Zealand Prime Minister John Key says he fears a possible break-up of a grounded cargo ship that is leaking fuel oil from its damaged hull. Mr. Key told reporters Wednesday that stress fractures have been discovered along the hull of the Liberian-flagged cargo ship Rena, and warned that the risk of the ship coming […]

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New Zealand PM Says Stranded Cargo Ship Could Sink

Posted October 12th, 2011 at 1:30 am (UTC-5)
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New Zealand Prime Minister John Key says he fears a possible break-up of a grounded cargo ship that is leaking fuel oil from its damaged hull. Mr. Key told reporters Wednesday that stress fractures have been discovered along the hull of the Liberian-flagged cargo ship Rena, and warned that the risk of the ship coming […]

Tags: , , , Posted in East Asia Pacific