Africa
Ghana's only oil refinery shut after explosion
ACCRA (Reuters) -- Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said on Friday.
Court rules villagers cannot sue Shell in London over Nigerian oil spill
LONDON (Reuters) -- Oil major Royal Dutch Shell cannot be sued in London courts over Nigerian oil spill allegations, the High Court ruled on Thursday, dealing a setback to attempts to hold multinationals liable at home for subsidiaries' activities.
GE proposes investing in Nigeria's ailing oil refineries
LAGOS (Reuters) -- General Electric Co has proposed investing in Nigeria's oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities.
Eni to deepen involvement in Nigerian energy sector
LONDON (Reuters) -- Italy's Eni plans to deepen its involvement in Nigeria's energy industry, increasing oil and gas exploration and helping to restore one of the country's ailing refineries, the company said in a statement on Monday.
US East Coast refiners binge on Algerian crude
NEW YORK (Reuters) -- US East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday.
Nigerian oil union threatens three-day strike at Exxon Mobil, Chevron
LAGOS (Reuters) -- A Nigerian oil labor union is set to stage a three-day strike at Chevron and Exxon Mobil fuel depots from Wednesday in a protest over sackings pending the outcome of talks with the government, union officials said on Monday.
Nigeria's NNPC awards 2017 crude oil term contracts to 39 companies
LAGOS/LONDON (Reuters) -- State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday.
Ghana oil importers say government owes them $384 million
ACCRA (Reuters) -- Ghana's domestic oil importers said on Friday they may take legal action against the government to recover interest on an outstanding debt of $384 million that presents an early headache for the incoming government.
Viewpoint: Reshaping the industry toward innovation, certainty and efficiency
It is no secret that capital costs of major projects have skyrocketed over the past decade. A July 2015 industry report noted that the average megaproject’s cost increase is 80% of its original value, with an average schedule slippage of 20 months.
Editorial Comment: In defense of intellectual property integrity
In the publishing business, a key editorial responsibility is ensuring the integrity of all articles that are chosen for publication. This column elaborates on additional ways that prospective authors can help ensure that readers trust what we print.
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