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Oil & Gas
NSIA, Seven Energy sign $100m investment commitment
Seven Energy International Limited, the indigenous integrated oil and gas development, production and gas…
Dangling on the whims of oil unions
Rightly or wrongly, Nigerians and Nigeria’s economy are at mercy of unions in the oil and gas sector.
Recently,…
Nigeria to account for 31% of Africa gas liquefaction…
The latest released liquefied natural gas report by International Gas Union Report (IGU) shows that Nigeria is to…
Key oil, gas figures welcome Scotland’s ‘No’ Vote
Key figures involved in the UK oil and gas industry have responded positively to the “No” result in the Referendum…
China’s refining capacity to reach 15.8 million barrels…
China, the world’s top energy consumer, plans to have a total refining capacity of 790 million tonnes a year, or…
Oil falls on supply glut and strong dollar
Crude oil fell, pressured by ample supply, concerns about demand growth and a stronger US dollar.
Traders pinned…
Total to sell more assets
French oil company Total is to sell more assets and cut costs to generate more cash and is to revamp exploration…
ExxonMobil complying with US sanctions
It has been reported that ExxonMobil and Rosneft operations have stopped in the Kara Sea due to Western sanctions.…
Oil production output will not fall in 2015
Russia’s second-biggest oil producer Lukoil, a target of US sanctions over the Ukraine crisis, will not cut…
Eni finds 300 million barrels offshore
Italy’s Eni reported that it has made a new oil discovery at the Ochigufu exploration prospect, located in deep…
WEC to host ministerial summit in Cartagena
Twenty-five ministers from 23 countries will be gathering at the World Energy Council’s (WEC) World Energy Leaders’…
West Africa Crude: High offers deter trade
Trade in West African crude oil cargoes was slow on Monday, with traders saying that Angolan offers were too high…