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Oil and gas


news by category: Oil and gas

Found 42 articles.

Displaying 21-30 out of 42 results.

Pushing for probity

Pressure is growing for greater accountability and transparency in oil and mining operations, especially in Africa, due to the strengthening of the Extractive Industries Transparency Initiative and the imminent application of the United States’ Dodd-Frank Act. Yet major disagreements between companies, governments and anti-corruption activists emerged at the EITI’s biennial conference in Paris on 2-3 March, its biggest ever. Large oil companies, led by Royal Dutch Shell, argue that any extension of the compulsory accountability provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act would undermine voluntary agreements such as EITI (AC Vol 51 No 19).

European and African officials backed moves at the Paris conference to toughen laws on company payment disclosures, despite strong opposition from oil and mining companies, includi...

Lining up for Jubilee

Asia's big oil companies, backed by their governments, are outbidding their Western rivals

President John Evans Atta Mills, his government and the Ghana National Petroleum Corporation are entertaining offers for cooperation and a stake in the Jubilee oil field from all...

The biggest reform of all

President Umaru Musa Yar’Adua’s government is trying to win support for its new oil law by offering Delta communities a stake in the business

The Petroleum Industry Bill (PIB), which President Umaru Musa Yar’Adua’s supporters are trying to steer through the National Assembly, is meeting massive opposition from the major ...

Big oil and small print

The differences seem to be narrowing between the presidency and the critical stakeholders: indigenous and international oil companies, the Nigerian National Petroleum Corporation (...

Oil without borders

The drama surrounding oil reserves on the Ugandan and Congolese sides of Lake Albert came to an end in April with London's Heritage Oil and Gas and Ireland's Tullow Oil still the m...

Big oil, dear oil, new oil

The hundred-dollar barrel has boosted both Africa's national oil companies and ambitious resource nationalists. Algeria, Angola, Egypt and Nigeria see their national oil companies as potential instruments of diplomatic and economic power - as long as the oil and gas markets favour the sellers. Africa's oil producers want more control and money from contracts, and they want more oil to be refined locally.

Present performance varies widely in quality. Nigeria (see Box) has the biggest reserves and a poor record. Its government plans to introduce new rules stipulating that internation...

Displaying 21-30 out of 42 results.