Major oil companies withdrawing from Southern Africa

BP is no longer trading in Kenya, Tanzania, Zambia, Zimbabwe, Malawi, Namibia, Swaziland, Lesotho, Botswana or Malawi.

In some of these countries had a BP presence for almost a century. Were all these BP associate companies suddenly unprofitable or was … Read the rest

Ukrainian army leaves fracking equipment behind

On the outskirts of the village of Shishkovo under the snow and rain rusts the expensive equipment: four residential trailers for employees, diesel substation and equipment for conducting seismic surveys. Judging by the labels this equipment was certified in the … Read the rest

Petrodollars quit world markets for first time in 18 years

Energy-exporting countries are set to pull their “petrodollars” out of world markets this year for the first time in almost two decades, according to a study by BNP Paribas.

Driven by this year’s drop in oil prices, the shift is … Read the rest

SA ‘link’ in Niger boat attack

Thirteen police officers were feared dead after their boat was attacked by armed men in the oil-rich Niger Delta, local media reported on Sunday.

The officers were en route late on Friday to a funeral ceremony in which they were … Read the rest