Page 18 - Repi Refining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Argentina's state-run oil company YPF will likely import more crude over the coming months, as it carries out maintenance programs for new pipelines that are intended to help turn the South American nation into a net exporter.

Savannah Energy has signed an agreement with the government of Niger on potential development of two photovoltaic solar power plants with combined generation capacity of up to 200 megawatts, the company said on Thursday.

Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.

Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.

Activist investor Carl Icahn's empire said on Wednesday it is fielding inquiries about its operations from U.S. prosecutors, a week after a short-seller accused it of over-valuing its assets, sending its shares down 18%.