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Oil & Gas
50 years of LNG
In September 1964 the world’s first commercial LNG facility, the CAMEL liquefaction plant at Arzew in Algeria, was…
Again, Venezuela on the spot over nationalised oil…
An international arbitration panel has awarded ExxonMobil US$1.6 billion for Venezuelan assets seized in 2007. The…
Oil price war: bleak outlook for Nigeria
State-owned Saudi Arabian Oil Co. on October 1 cut prices for all grades and to all regions for November. The Asian…
Africa Oilfield Logistics to list on Nairobi Stock…
London-listed support services company Africa Oilfield Logistics plans to list its shares on Kenya’s Nairobi…
OPEC boosts oil supply as oil sink to a 4-year low
OPEC increased oil production by the most in almost three years as prices headed toward a bear market. The group,…
New pipelines to cost Kashagan Oil about $3.6 billion
Kashagan, the world’s most expensive oil project, will have to spend another up to $3.6 billion to replace leaking…
Yet to decide oil refinery’s fate
Kenya is yet to decide whether to turn east Africa’s only oil refinery into an oil storage facility or pay for its…
Seek investors for deepwater oil blocks
Cote d’Ivoire will seek investors in its available offshore oil acreage, including seven new ultra-deep water…
Petronas buys Statoil’s Shah Deniz stake
Malaysian state-owned oil firm Petronas has bought Statoil’s stakes in the BP-operated Shah Deniz project from…
Panoro, joint venture partners make final investment…
Panoro Energy ASA and its joint venture partners has taken a final investment decision to develop the Aje…
Declining US import: Nigeria, Angola take crude battle…
United States, for the first time, imported no Nigerian barrels of crude oil in July 2014, despite its overall…
Saudi Arabia initiating a price war among OPEC members?
Crude oil is poised to extend the biggest slump in more than two years after Saudi Arabia signaled it is ready for…