Search Results
Pressure on oil companies grows to end gas flaring in Nigeria
For three minutes, on the day last May when Royal Dutch Shell released its first quarter earnings figures, a flame shot high into the air in front of the company’s head office in The Hague, scorching a human chain of about 40 protesters that circled it, a few meters away, to block police efforts to [...]
APEC to Seek Closer Cooperation Between Oil Companies (Update1)
Asia-Pacific Economic Cooperation countries agreed to seek closer cooperation between oil and gas companies to improve energy trade flows and supply security.
All companies, not just national oil companies, need to cooperate to improve transparency in the market and free up trade, Ian Macfarlane, Australia’s industry minister, said at a media briefing during the APEC energy [...]
APEC to Study Impact of State-Owned Oil Companies
Asia-Pacific Economic Cooperation energy ministers plan to study the impact that state-owned oil and gas companies is having on trade and investment, according to a draft communique.
The 21-member body, including China, the U.S. and Russia, will set up a working group to assess how to cooperate with state-owned companies, according to the draft statement obtained [...]
Tension in Bolivia, Africa to lift metals
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Gold Rush Plunges Undersea as Miners Scour Pacific (Correct)
(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks [...]
In Africa, China Trade Brings Growth, Unease
Every time newspaper publisher Trevor Ncube visits his native Zimbabwe, he said, there seem to be more Chinese. He sees them shopping at boutiques, driving fancy cars, picking up their children from elite private schools.
And as in much of Africa, Ncube said, China’s reach into Zimbabwe’s economy is equally pervasive: The roads are filled with [...]
