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Oil & Gas
Africa’s new, expanded refineries face higher production…
Africa will experience significantly higher production costs for its own new grass-root projects, which are planned…
America’s biggest oil port set for the previously…
The Louisiana Offshore Oil Port LLC (LOOP) has been a symbol of United States’ dependence on foreign oil for more…
Petrofac grabs $700 million contract in Kuwait
British oil and gas services group Petrofac said it secured a $700 million contract from Kuwait Oil Company for a…
Halliburton forms JV for shale fracturing
Halliburton has signed an agreement with the SPT Energy Group affiliate, Petrotech (Xinjiang) to establish a joint…
Oando ups stake in Canada unit to 93.6 percent
Nigeria’s Oando has converted a $218.9 million loan to its Toronto-listed unit Oando Energy Resources to equity, to…
Petrobras profit could decline by $15 billion
Profit at Petrobras, Brazil’s state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it…
Kurdistan as the next major oil producer?
There are already predictions that Kurdistan will seek independence and quickly aim to become a major oil producer.…
US oil boom to extend into 2015
Global oil demand growth will accelerate in 2015 as the world economy expands and will again be met by rising…
China signs $1.6 billion deal for Siberian LNG Project
A subsidiary of Chinese state oil giant China National Offshore Oil Corporation (CNOOC) has signed an around $1.6…
Can oil revenue make every Nigerian a millionaire?
Nigeria is the most populous country on the African continent with an estimated 170 million people. It is also one…
Chevron’s Escravos GTL project in Nigeria running behind…
The long-delayed EGTL project, operated by Chevron Nigeria Limited, will come on stream before the end of this…
ExxonMobil to invest $1 billion in Antwerp refinery
ExxonMobil will invest $1 billion in its 320,000 barrel per day (bpd) Antwerp refinery even as many firms pull back…