While this is not the first post-Macondo deep water project -- the British supermajor has been working in Brazil and Angola - it is the first on home territory since the April 2010 disaster.
The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.
The top aftermarket NYSE gainers Friday were: National Bank of Greece, LinkedIn Corp, Dolby Laboratories, Alliance One International and Vmware. The top aftermarket losers were: Cobalt International Energy, Global Cash Access Holdings, Talisman Energy, C.R. Bard and NYSE Euronext.
The top aftermarket NYSE gainers Thursday were: LinkedIn Corp, Cincinnati Bell, HyperDynamics, Genco Shipping & Trading, Cobalt International Energy, PulteGroup, C&J Energy Services, Office Depot and Protective Life Corp.
U.S. fast-food giant Yum Brands Inc. plans to open 130 new KFC stores in Africa this year, bringing its presence on the continent to 1,000 restaurants, the Business Day newspaper in South Africa said on Friday, citing a senior executive.
Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension centered on Iran and worries over its crude exports to the Asian power.
Since Deepwater Horizon, a longer permitting processes and the drilling moratorium in the Gulf of Mexico is projected to cost the U.S. more than $24 billion in lost investment, says a report from the American Petroleum Institute.
The tiny central African nation of Rwanda elected the world's first women-dominated legislature.
In the aftermath of the war's “official cessation” in 2003, many more people continued to die, from both disease and periodic armed conflicts.
Angolan state news agency Angop has reported that an Angolan teenager, allegedly, shot his father death after an argument over the upcoming Spanish El Clasico between Real Madrid and Barcelona.
Police are spread out across Kinshasa while 20,000 soldiers are on stand-by at military bases.
Outraged by the Kimberly Process' inability to prevent illegal trade in conflict diamonds (also called blood diamonds) in Africa, a key founding member quit the regulatory body on Monday.
Kabila is widely expected to win another five-year term
The situation has become so volatile that police have banned any more political rallies before Monday’s vote takes place.
The economically insecure country of Portugal is seeking investment from its former colony, Angola.
Can you imagine spending $2 million on a trailer? This list of oddly expensive places is sure to surprise.
Opposition lawmakers in Angola walked out of a parliamentary debate on Wednesday, delaying the vote on a law they say will give the ruling MPLA excessive control over a general election next year, state news agency Angop reported.
Actress Jessica Chastain will play Princess Diana in Caught in Flight, based on her affair with Dr. Hasnat Khan. According to sources who've read the script however, the film casts the beloved Princess of Wales in a very unflattering light as a love-struck stalker, and the choice of an American actress to play a British icon is similarly under fire.
Pirates have hijacked an oil products tanker off the coast of Nigeria after contact was lost with the vessel and crew over the weekend, the vessel's manager said on Thursday.
Abuse of Zambian workers is widespread in mines owned by Chinese companies, according to a new report from Human Rights Watch.
Africa's new scramble for oil is heading east, where the potential could be huge but the risks are far higher than in the well-established sector on the continent's west coast.
BP has turned a corner after the Gulf of Mexico disaster, its chief executive said on Tuesday, predicting the British oil firm would now return to output and cashflow growth and rejecting calls for a fundamental restructuring of the group.
