The PIB, which has been discussed for over a decade following several redrafts, is central to President Muhammadu Buhari’s reform plans because oil sales provide 70% of government revenue in Africa's biggest economy.

The SFO launched a criminal investigation into Unaoil, its officers, employees and agents in July 2016 in connection with suspected bribery, corruption and money laundering.

The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.


Crescent Point Energy’s withdrawal from Canada’s largest oil and gas lobbying group was called partisan by political scientist Keith Brownsey, citing two major conservative parties’ announcement to merge just five days before the withdrawal was announced.


The proposed cut, first announced in April, is the latest in a series over the past two years following earthquakes causing major damage to properties in the northernmost region of the Netherlands.

Companies' disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on May 23.

Brazil politics, Brazil oil and gas, Michel Temer, auctions, corruption

Brazil is facing another political crisis, but its oil and gas sector will be fine, ANP says.

Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years.

The Trump administration on May 16 formally launched its effort to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico to try to win better terms for U.S. workers and manufacturers.

The ministry said in a statement that the minimum extra royalty payments for the June shallow-water auction range from 8.5% to 24.8% depending on the block, while two onshore auctions set for July have minimum values that range from 2.4% to 3.9%.

Associations representing the drilling, refining, mining, and building industries have submitted hundreds of pages of documents to the Commerce Department and Environmental Protection Agency (EPA) in recent weeks, outlining regulations they want to see eliminated or modified.

Some countries may be better positioned to attract investment to meet future demand, according to a global risk consultancy.