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The Competition Tribunal has approved the merger between Glencore South Africa Oil Investment and the local division of Chevron.
Switzerland based miner and trader is close to a deal to buy Chevron's southern African assets, according to three people familiar with the matter.
Glencore is among companies considering bidding for Chevron's South African assets, according to two people familiar with the matter.
Energy Minister Mmamoloko Kubayi says her department's probe into the Strategic Fuel Fund's attempts to buy assets in the country from Chevron is heading for criminal action.
China Petroleum & Chemical Corp. agreed to buy Chevron's South African assets for about $900m as part of its plan to expand in international markets.
An oil trader group is suing Cerberus Capital Management, alleging the firm is refusing to pay its share of costs incurred when they made a failed R8.8bn bid for Chevron in SA.
Hundreds of protesters stormed a Nigerian facility owned by Chevron demanding better jobs and forcing staff to be airlifted out, community leaders said.
US oil giants ExxonMobil and Chevron have reported another bruising round of results, with a glut of gasoline and other refined products.
Sasol is “assessing the opportunity" of making an offer for Chevron’s assets, which the Strategic Fuel Fund has also expressed interest in buying.
Energy Minister Tina Joemat-Peterson will investigate why the Strategic Fuel Fund has expressed interest in buying Chevron’s assets without her consent, says her department.
Glencore and a black-investor group are reportedly the only partners in a potential $1bn deal to buy Chevron’s southern African assets.
The Public Investment Corporation is interested in taking part in the acquisition by Glencore and a group of black South African-owned companies of Chevron's assets in South Africa, according to three people familiar with the matter.
Kuwait says an oil spill has struck its waters in the Persian Gulf.
Lerato Motsamai started Petrolink, and then Girlignite to empower girls in poor communities, both in spite of financial difficulties, writes Penelope Shandlale.
Nigeria's southern oil-rich Rivers state has backed a government call for major oil companies to move their offices to the Niger delta region, as part of measures to stem unrest in the oil-rich area.
Protesters have blocked the gate to offices of US oil company Chevron in Nigeria's Niger Delta, widening a week-long demonstration to demand jobs and housing.
Oil prices, natural gas, refining, it all looks very bad right now, says an analyst of the persistent supply overhang that's threatening to tip crude into yet another bear market.
The Strategic Fuel Fund's chairperson and acting chief executive have stepped down, following the fund's unauthorised bid to buy Chevron's assets.
Chevron may shortly give a green light to the most expensive oil project in the world this year as the industry digs out from the worst slump in a generation.
The Department of Energy says the Strategic Fuel Fund has not been cleared to make an offer to buy 75% of Chevron's refinery and other downstream assets.
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