Row with South Sudan costs Sudan US$ 2.4 billion
Sudan’s recent dispute with its southern neighbour has created a US$ 2.4 billion hole in the nations finances.
Drilling & production - 09 May 2012
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Shell uncovers two more leaks in Nigerian Delta
Shell has reported that it has uncovered two further onshore oil pipeline leaks in Nigeria’s Delta, soon after the company declared force majeure on crude exports due to theft-related outages.
Rosneft and Statoil sign US$ 100 billion Arctic cooperation agreement
Norwegian player Statoil and Russian giant Rosneft sign an Arctic exploration and development deal that could see up to US$ 100 billion of investment.