Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas venture in Papua New Guinea, halted its shares before a statement about a material acquisition, possibly a stake in a new project.
United Co. Rusal, the largest aluminum producer, said new rules on warehousing threaten to worsen a supply shortfall, helping drive up the premiums buyers pay for swift delivery to 50 percent of the market price.
Cocoa farmers in Ivory Coast, the world’s largest producer of the beans, will harvest the biggest crop in three years this season partly due to “good” rains during the dry period, according to Ecobank Transnational Inc.
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”
Jean Ping, the former chairman of the African Union Commission, may challenge President Ali Bongo Ondimba in 2016 elections to end 47 years of rule by Bongo’s family in Africa’s sixth-largest oil producer.
The mineral-rich West African nation of Guinea has completed a review of a 2008 agreement with Beny Steinmetz’s BSG Resources Ltd. that saw the company gain control of part of the world’s largest untapped iron-ore deposit.