The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.
The leader of South Sudan's rebels has vowed to attack the capital Juba and target crucial oil fields, warning in an exclusive interview with AFP that the civil war will not end until the country's president is removed from power.
French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and has decided to go ahead with investment in the Kaombo project, the firm said on Monday.
Al Kuwait -
The Kuwait National Petroleum Company on Sunday signed contracts worth $12 billion (nine billion euros) with three international consortia to upgrade two refineries and invited bids to build a new multi-billion-dollar refinery.
US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.
Rio De Janeiro -
Brazil's Petrobras has turned over documents requested in an investigation into a $4.5 million money-laundering operation, the latest in a series of problems to plague the state oil giant.
Oil prices extended losses Friday on poorly-received economic data out of China this week that has raised concerns over potential weaker crude demand from the world's biggest consumer of energy.
The global oil market is returning to a rough balance but Russia's annexation of Crimea has clouded the outlook with both supply and demand growth to slow, the International Energy Agency said Friday.
Buenos Aires -
US oil giant Chevron and state-controlled YPF unveiled plans to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.The investment comes on top of $1.