Seplat Petroleum Development Co., the Nigerian oil producer raising $500 million from investors, said it had “absolutely no” theft in Nigeria, where Royal Dutch Shell Plc lost almost $1 billion due to sabotage in 2013.
East African leaders approved a regional force to protect 36 ceasefire monitors and oil fields in South Sudan that they want to be on the ground by the middle of next month, chief mediator Seyoum Mesfin said.
Pacific Rubiales Energy Corp. reported fourth-quarter earnings that exceeded analysts’ estimates as Latin America’s largest non-state-owned oil producer increased Colombian production while containing costs.
East African mediators want armed units from the region to protect cease-fire monitors and oil fields in South Sudan, said Seyoum Mesfin, chief envoy from the seven-nation Intergovernmental Authority on Development.
German Chancellor Angela Merkel has a portrait on her desk of Russian empress Catherine the Great, the Prussian-born princess who went on to expand Russia’s territory to the west and the south, including Crimea.
Interest rates topping 11 percent and collateral made up of aging vessels including a pair of almost 30-year-old tug boats helped lure investors to Oceanografia SA’s sale of $335 million of bonds in 2008.