[at Financial Times] – Investors cut their holdings in gold exchange-traded products by $2.3bn last month as prices fell to their lowest level in five years. Long-time gold bull John Paulson, who has a $1bn stake in the largest …
KUWAIT CITY (AP) — An official at Kuwait’s National Petroleum Company (KNPC) says an oil refinery about 50 kilometers (31 miles) south of Kuwait City has been shut down after a fire broke out.
By Libby George and Ron Bousso LONDON (Reuters) – International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran’s oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from Iran’s oil refining company NIORDC, its National Petrochemical Company and the privately owned Persian Oil and Gas are holding talks with services firms to clinch
[Marketwired] – Barrick Gold Corporation today announced refinements to its management structure as part of the company’s strategy to create long-term value for its owners as a more focused and efficient business, in …
By Camillus Eboh ABUJA (Reuters) – The new head of the Nigerian National Petroleum Corp (NNPC) said on Sunday he will review all production-sharing contracts and joint venture agreements with its partners “to reflect current day realities in the global oil and gas industry”. Emmanuel Kachikwu, who was appointed two weeks ago to head the state oil company, which has been accused of corruption and mismanagement, said he would remit
[Marketwired] – Endeavour Silver Corp. announces that drilling on the Bolanitos property in Guanajuato State, Mexico has intersected high grade, gold-silver mineralization within three historic veins, San Ignacio-San …
SACRAMENTO, Calif. (AP) — California voters passed the Clean Energy Jobs Act in 2012, raising taxes on corporations. Voters were told the additional revenues would fund energy-efficiency projects, and the Legislature decided it would create jobs by spending the money on school energy upgrades.
[Marketwired] – AngloGold Ashanti today said it generated $71m of free cash flow in the second quarter with production and costs beating guidance on the back of another strong performance from its international mines …
(Reuters) – Republican presidential candidate Donald Trump said it would be hard to “rip up” the United States-led agreement with Iran on its nuclear program, but that if he was elected president he would “police that contract so tough they don’t have a chance.” In an interview on NBC’s “Meet the Press” on Sunday, the real estate mogul described the team that negotiated the agreement, including Secretary of State John
