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CAPE TOWN, March 12 (Reuters) - South Africa's parliament passed changes to its main petroleum law on Wednesday, giving the state a stake of 20 percent in new gas and oil exploration and production ventures, a move industry said would have a chilling effect on investment. The bill also gave
Read moreLONDON, March 11 (Reuters) - Shell said on Monday that it had reopened its Nembe Creek Trunkline in Nigeria on Monday after the removal of crude theft points. The pipeline, which carries Bonny Light crude oil , had been shut since Feb 23, the spokesman said.
Read moreCAPE TOWN, March 11 (Reuters) - South Africa criticised Royal Dutch Shell's local unit on Tuesday for not refuelling a jet carrying the visiting speaker of Iran's parliament, saying the action was an "embarrassment" to the government. Ali Larijani met with South African President Jacob Zuma
Read moreBy Freya Berry and Joe Brock LONDON/ABUJA, March 11 (Reuters) - Nigerian oil company Seplat plans to raise at least $500 million by selling shares on the London and Lagos stock exchanges to pay down debt and snap up assets being sold by energy majors in Africa's largest oil producing nation
Read moreABUJA, March 10 (Reuters) - Nigerian energy company Seplat will announce on Tuesday a $350 million initial public offering in a dual listing on the London and Lagos stock exchanges, the Financial Times reported. Seplat, in which French energy firm Maurel & Prom and Swiss-based trader Mercu
Read moreNEW YORK, March 10 (Reuters) - Royal Dutch Shell's entire Houston-to-Houma crude oil pipeline remained shut on Monday, following a reported leak late last week, the company said. Construction crew members accidentally punctured the Ho-Ho line near Port Neches, Texas, about 100 miles east of
Read more* S.Africa keen to develop shale gas industry * Sasol wants to invest in the sector By Ed Stoddard JOHANNESBURG, March 10 (Reuters) - South African petrochemicals group Sasol Ltd is keen to invest in a domestic shale industry once it gets off the ground, its chief executive said
Read more* Scotland seeks Britain's North Sea oil if it breaks away * Independent Scotland may face 20 bln pound tax relief cost * North Sea production in decline, harder to extract * BP, Shell express concern on Scotland's independence bid By Karolin Schaps ABERDEEN, Scotlan
Read more* Hundreds of cars broke down due to suspected diesel quality issues * Incidents linked to biodiesel, Russian imports By Ron Bousso LONDON, March 10 (Reuters) - Britain is investigating a wave of mystery winter car breakdowns possibly linked to biodiesel or imports of diesel fro
Read moreHOUSTON, March 9 (Reuters) - Motiva Enterprises was restarting a hydrotreater that was shut by a Feb. 24 fire at its 235,000 barrel-per-day (bpd) refinery in Convent, Louisiana, according to a local media report over the weekend. A refinery spokesman told the Baton Rouge Advocate in an art
Read more* Shell has shed assets * Smaller firms like EOG have surged * Liquids more profitable * Wells ready if prices rise By Anna Driver and Eileen O'Grady HOUSTON, March 7 (Reuters) - Oil and natural gas pumped from North American shale has boosted the fortunes of smaller
Read more* Government has already threatened to sue over delays * Tactic has secured stakes in all foreign oil projects * Contract breaches may mean non-reimbursement of costs * Ministry says Kashagan consortium burnt off too much gas By Raushan Nurshayeva ASTANA, March 7 (Re
Read moreNEW YORK, March 7 (Reuters) - Royal Dutch Shell on Friday said construction crew members punctured its Houston-to-Houma (Ho-Ho) pipeline near Port Neches, Texas, on Thursday afternoon, releasing 364 barrels of crude oil. The company said it shut the pipeline after the leak. Emergency crews
Read moreBy Ernest Scheyder HOUSTON, March 6 (Reuters) - Carbon regulations can be crafted to help offset climate change without "shutting down business in its tracks," U.S. Environmental Protection Agency Administrator Gina McCarthy said at a major energy conference on Thursday. "We don't hav
Read moreBy Selam Gebrekidan NEW YORK, March 6 (Reuters) - The U.S. federal energy regulator ruled in favor of Seaway Crude Oil Pipeline Company LLC last week after it upheld rates the company had negotiated with committed shippers for space on its Oklahoma-to-Texas pipeline. The Federal Energ
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