Algeria
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Torgrim Reitan, CFO of Statoil, tells CNBC that earnings and production are growing significantly and 2012 was the best exploration year for the company since 1997.
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MILAN, March 6- An Italian investigation into suspected bribery by workers at energy firm Eni and its Saipem unit to secure Algerian oil and gas industry contracts has led prosecutors to a vineyard outside Naples part owned by two central figures in the case, judicial sources say.
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*Morocco hopes to export energy to Europe. RABAT, March 6- In a couple of years, rows of gleaming solar panels are expected to stretch across the desert outside Morocco's southern city of Ouarzazate, part of the country's plans to meet its energy deficit with power from the sun and wind.
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MILAN, March 6- An Italian investigation into suspected bribery by workers at energy firm Eni and its Saipem unit to secure Algerian oil and gas industry contracts has led prosecutors to a vineyard outside Naples part owned by two central figures in the case, judicial sources say.
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*Third of Nigeria, Algerian exports in limbo as shale booms. LONDON/ GENEVA, Feb 26- African crude exports to the United States could slip to a trickle this year as the world's top oil consumer enjoys a shale oil boom, allowing China, often now the buyer of last resort, to become ever more choosy.
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The gas facility operated by BP in partnership with Norway's Statoil and Sonatrach had been closed since gunmen attacked it on Jan. 15 and seized hundreds of hostages before the army stormed in four days later. Algeria is a top energy supplier of gas to Europe, and a key U.S. ally in its fight against al Qaeda in the Sahel region of north Africa.
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TORONTO, Feb 22- SNC Lavalin Group Inc, the Canadian construction and engineering company mired in a widening bribery scandal, has hired a former Siemens AG compliance officer to help guide it on issues of corporate ethics, SNC said on Friday.
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MADRID, Feb 22- Spain's latest energy reform, which reverses years of policy to promote renewable power, threatens to reinforce its dependence on coal and costly gas and to bankrupt renewable firms that have built a competitive edge over a decade. But the reform also puts Spain's renewable firms at risk of going under and could pile more bad debt on its banks.
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OTTAWA, Feb 21- Swiss investigators probing whether SNC Lavalin Inc paid bribes in Libya are now looking at the Canadian engineering and construction company's dealings in Algeria, a newspaper said on Thursday.
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NEW YORK/ LONDON, Feb 19- Liffe cocoa futures hit a 10- month low on Tuesday, under pressure from good supply prospects for West Africa's mid crops, and raw sugar inched up on short-covering and signs of increased demand.
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LIKASI, Democratic Republic of Congo, Feb 19- T rucks of workers and building materials hurtle through the mining town of Likasi at the heart of Congo's copper producing south, evidence of the billions being poured into the region after years of war and underinvestment.
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MILAN, Feb 15- Corruption probes at three major companies have hurt corporate Italy's image with investors and revived memories, just a week before an election, of the scandals that devastated Italian politics in the 1990 s.
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MILAN, Feb 15- Corruption probes at three major companies have hurt corporate Italy's image with investors and revived memories, just a week before an election, of the scandals that devastated Italian politics in the 1990 s.
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PARIS/ NEW DELHI, Feb 14- Chicago corn slipped for a tenth straight session on Thursday, its longest losing streak in more than five years, as crop-friendly weather in South America and expectations of higher global supplies dragged down prices.
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ANCHORAGE/ OSLO, Feb 12- It may not be this year, but Royal Dutch/Shell and other oil companies will be back to drill in northern Alaska's seas, drawn by political stability and shallow waters.
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MILAN, Feb 12- Italian police arrested the head of defence group Finmeccanica SpA on Tuesday over bribery allegations, adding to a series of corporate scandals shaking Italy less than two weeks before a general election.
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*Africa forecast to be a $45 bln pharma market by 2020. *Sanofi, Novartis, GSK among firms investing more in Africa. Violence in Mali and Algeria have put Africa in the headlines in recent weeks but Sanofi of France- the international drug company with the biggest sales in Africa- is still pushing ahead with a third factory in Algeria.
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*Lowest expat wages in Sudan at $59,800. LONDON, Feb 8- Australia's oil and gas workers enjoyed the highest average salaries in the industry in 2012 due to a skills shortage, with expatriates pocketing $171,000 a year, a study said on Friday.
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MILAN, Feb 8- A warrant to search the premises of Eni chief executive Paolo Scaroni was based on a meeting he had with the man alleged to have distributed bribes to win Algerian gas contracts for group company Saipem.
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*Fiery rhetoric from Iran leader spooks oil markets. *Goldman Sachs sees tight global oil inventories. LONDON, Feb 8- Oil surged towards $119 per barrel on Friday as robust trade data from China strengthened the outlook for demand and rising tension in the Middle East stoked concern over supply.
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*Fiery rhetoric from Iran leader spooks oil markets. *Goldman Sachs sees tight global oil inventories. LONDON, Feb 8- Oil surged to a nine-month high above $118 per barrel on Friday as robust trade data from China strengthened the outlook for demand and rising tension in the Middle East stoked concern over supply.