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Oil & Gas
NLNG Train 7 plans still on course
The Nigeria Liquefied Natural Gas (NLNG) train 7 project is still on course. This was disclosed by Isa Mohammed…
Battle of wits for Iraqi-Kurdish oil
LyondellBasell, owned by Ukraine-born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of…
Higher oil prices boost IOCs’ second quarter results
Higher oil prices have impacted positively on the bottom line of international oil companies (IOCs) as they…
Oil prices dip as low demand outweighs political…
Brent and US crude futures tumbled to the lowest settlement prices in months, as oversupply in the Atlantic basin…
Yakubu out of NNPC
The news of the removal of Andrew Yakubu from the position as group managing director (GMD) of the Nigerian…
Saipem wins $850 million drilling contracts in Nigeria,…
Italian drilling firm Saipem reported that it has been awarded new contracts in Indonesia, Nigeria, the Arabian…
Total stops buying Novatek shares after MH17 shot down
French oil major Total stopped buying shares in Russia’s Novatek when a Malaysian airliner was shot down over…
Japan’s Mitsui to sell stake in LNG export project
Japanese trading house Mitsui is in talks to sell its stake in Equatorial Guinea’s liquefied natural gas (LNG)…
Eco Atlantic acquires block offshore
Eco Atlantic Oil & Gas received approval from the parliament of the Republic of Ghana to acquire a 50.51…
Can mini-refineries solve Nigeria’s refining dilemma?
There has never been a doubt about the large size of the Nigerian market for refined petroleum products. Nigeria’s…
Rosneft deals beat EU sanctions
Rosneft and North Atlantic Drilling Ltd. (NADL) executed multiple long-term offshore drilling contracts at the end…
Frenzy of geopolitical influences threatens oil market
No time in recent past has a combination of geopolitical risks threatened the oil market as we are witnessing…