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S.Africa wants 20% free stake in new oil and gas ventures, draft bill shows

CAPE TOWN, May 14 (Reuters) - South Africa wants a free 20% stake in oil and gas exploration and production ventures under a new upstream petroleum bill, which allows the minister to reserve petroleum blocks for Black investors, a copy of the bill seen by Reuters showed on Friday. The Upstream Petroleum Resources Development Bill, approved by cabin
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Oil prices rise on nagging fears of fuel shortages

* Colonial aims for substantial resumption in operations this week * COVID-19 outbreak hits Indian fuel demand * U.S. crude inventories fall, gasoline stocks rise: API (Updates with API data) By Laura Sanicola NEW YORK, May 11 (Reuters) - Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the largest
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Oil falls as pipeline outage weighs on U.S. Gulf Coast refinery runs

By Sonali Paul MELBOURNE, May 11 (Reuters) - Oil prices fell on Tuesday as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners to cut output, denting their appetite for crude. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 40 cents, or 0.6%, to $64.52 a ba
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Myanmar junta benefited from gas groups' offshore payment set-up - Le Monde

PARIS, May 4 (Reuters) - An offshore scheme in Bermuda used by French energy group Total TOTF.PA and its partners in a Myanmar gas project maximised revenues for a company closely tied to the country's military leaders, at the expense of taxpayers in Myanmar, France's Le Monde newspaper reported on Tuesday. Le Monde cited internal documents it has
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Europe's oil majors leave pandemic blues behind

* BP, Total, Equinor Q1 profits above pre-pandemic levels * Dividends recover but still lower than before pandemic * Analysts expect share buybacks, investment for transition By Shadia Nasralla LONDON, April 29 (Reuters) - Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursda
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