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Oil & Gas
LNG producers to open new markets to soak up surplus
The world’s top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import…
Saudi Arabia loses oil market share to Nigeria and…
Saudi Arabia lost market share in more than half of the most important countries it sold crude to in the past three…
OPEC cuts 2016 oil demand growth forecast
The Organization of the Petroleum Exporting Countries (OPEC) has cut its forecast for global oil demand growth in…
Shell forecasts 60 percent rise in global energy demand…
Royal Dutch Shell has said that global energy demand by 2050 will be 60 percent higher than current levels in its…
Nigeria seals up Shell’s Gbaran Ubie oil and gas…
A Nigerian state government has sealed the premises of the Gbaran Ubie oil and gas production facility owned by…
Oil steady at $43.69 on Kuwait strike
Brent crude is holding steady at $43.69 this morning as the oil workers strike in Kuwait and the resulting sharp…
Oil freeze deal faces trouble as Saudi-Iran tensions…
Saudi Arabia demanded on Sunday that Iran join a global deal on freezing oil output, jeopardising an agreement…
Kachikwu seeks consensus among OPEC members
The minister of state for petroleum resources and group managing director of the Nigerian National Petroleum…
Nigeria’s NNPC fights for oil cargoes as revenue…
Nigeria's state oil company is in a standoff with energy giants ExxonMobil and Royal Dutch Shell over ownership of…
Falling Oil prices rattle global markets
Oil, energy stocks and commodity-linked currencies are falling in markets around the world after talks in Qatar…
Shell says theft from its Nigerian oil pipeline network…
Theft of crude oil from the pipeline network of Shell’s Nigerian subsidiary fell to 25,000 barrels per day (bpd) in…
Oil price tumbles on Doha stalemate
Oil prices sank after attempts by some of the world’s biggest producers to freeze output ended without a deal on…