State-backed Oil & Natural Gas Corp. and Oil India Ltd. are the leading joint bidders for the stake in a Mozambique gas field being sold by Anadarko Petroleum Corp. and Videocon Industries Ltd., three people with knowledge of the discussions said.
Total SA failed to sell a cargo of North Sea Forties as an extra shipment was added to the May loading program. Gunvor Group Ltd. bid unsuccessfully for Russian Urals blend even as it bid at the highest level in almost six months.
Nigeria is gripped by a “civil war” over political patronage and the corruption it fuels, with government officials trying to end systemic graft at risk of losing the battle, central bank Governor Lamido Sanusi said.
Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.
Somalia plans to sign 30 oil and gas production-sharing contracts this year, starting with companies that operated in the country before its government was toppled more than two decades ago, an official said.