Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.» Read More
LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.
LONDON, Oct 8- West African crude oil differentials slipped on Monday as a glut of unsold cargoes for loading in November showed that a range of grades were out of favour. Demand from China was reported to be lower, in part due to refinery outages and the closure of three Sinopec plants due to environmental problems.
LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.
ATHENS, Oct 8- The Greek manager of a Bahamas- flagged tanker carrying more than 32,000 metric tonnes of gasoline reported the vessel missing on Monday after it left Abidjan in the Ivory Coast unexpectedly in the early hours of Saturday. The tanker Orfeas, crewed by two Greeks and 22 Filipinos, had been expected to discharge its cargo at Abidjan.
DUBAI, United Arab Emirates-- Rapidly expanding Gulf carrier Etihad Airways has agreed to jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance, the airlines said Monday.
NAIROBI, Oct 8- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. *The rules of the game in South Africa's labour market have changed and. wildcat strikers at mining giant Anglo American Platinum.
DUBAI, United Arab Emirates-- Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion. Like regional rivals Emirates and Qatar Airways, the airline is rapidly expanding its network, increasing the amount of cash it takes in.
LONDON, Oct 6- Shell on Friday declared force majeure on its gas deliveries from Nigeria's liquefied natural gas plant after an attempt to steal crude oil from a pipeline led to a fire, it said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
MAIDUGURI, Nigeria-- Sabotaged phone lines prevented students from warning friends and possibly saving their lives in the attack in which 22 college students were killed earlier this week, survivors said Friday. John Bello, a Mubi college student, said Friday that only one mobile phone network was working in the town and that it was congested.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. Shell, which has a 25.6 percent stake in Nigeria LNG, on Sunday shut its 28- inch Bomu-Bonny trunk line after oil thieves caused a fire, it said.
LONDON, Oct 5- Nigeria liquefied natural gas on Friday declared a force majeure on plant output after an attempt to steal crude oil from a pipeline led to a fire, Shell said. "An attempt was made to steal crude oil from the Bomu-Bonny trunk line and offload it onto a waiting ship that led to a fire on the line and on the ship on Sunday," a Shell spokesman said.
TEMA, Ghana-- Ghanaian officials on Friday refused to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund. Officials of the Ghana Ports and Harbors Authority told The Associated Press they will release the ship only after they receive a court order.
*Qua Iboe down about 10 cents at dated plus $2.10- $2.50. LONDON, Oct 5- West African crude oil differentials slipped a little on Friday as an overhang of unsold cargoes loading in November forced asking levels down for a range of crudes.
NAIROBI, Oct 5- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. *MAURITIUS- Mauritius releases inflation data for September. *MAURITIUS- Bank of Mauritius auctions 364- day Treasury bills worth a.
LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said. The sale of 3.1 billion shares on the Nigerian Stock Exchange was done at 9.50 naira per share, after regulators' approval last month.
LAGOS, Oct 4- Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
*NIGERIA- Nigeria's cabinet expected to deliver the government's 2013. *ZAMBIA- Bank of Zambia auctions Treasury bills of various maturities. MAURITIUS- Bank of Mauritius auctions 273- day Treasury bills worth a.
MIAMI-- Soccer will come to the Miami Marlins' new ballpark for the first time Nov. 14 when Venezuela plays Nigeria in an international friendly. The game, announced Tuesday by Marlins officials, is one of many non-baseball events planned at the ballpark, which opened this year.
NEW DELHI, Oct 3- Indian state-run Bharat Petroleum Corp has signed a deal with Chevron to buy 10,000 barrels per day Nigerian crude in the year ending March 31, 2013, two sources familiar with the deal said on Wednesday. BPCL operates the 240,000 bpd Mumbai refinery in western India and the 190,000 bpd Kochi plant in southern India.