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Oil & Gas
Australia’s Woodside shelves planned $40bn LNG project
Woodside Petroleum has shelved plans to develop the US$40bn Browse liquefied natural gas project, the latest big…
Tanker prices suggest oil glut is diminishing
One of the warning lights that there is too much oil around is no longer flashing, adding to signs that global…
Beyond oil: Review of PwC, LCCI report on…
PricewaterhouseCoopers, a leading professional services firm and the Lagos Chamber of Commerce & Industries…
Watch out: US crude cargoes are reshaping the world’s…
Few months after the lifting of the 40-year ban US oil exports, the country’s crude is flowing to virtually every…
Big gas field, big gas market: Status of gas…
Nigeria is set for a gas revolution. Huge investment opportunities that were dormant for years is now being…
APPA to collaborate on developing energy sector in West…
The Economic Community of West African States (ECOWAS) and the African Petroleum Producers’ Association (APPA) have…
Shell, Saudi Aramco split assets, including big US…
Royal Dutch Shell PLC and Saudi Arabian Oil Co. will split up the assets of their joint US venture, which will see…
Bondholders suffer $150bn oil price hit
Investors have suffered losses of at least $150bn in the value of oil and gas company bonds, as the slump in crude…
Senate to lay PIB next week
The harmonised version of the Petroleum Industry Bill (PIB) will be laid on the floor of the two chambers of the…
Oil price fall in early trading on over supply worries
Brent oil fell to $40.65 in Monday morning session after gains last week that took it to 2016 highs and three are…
Oil price in fourth weekly gain
Brent is Friday trading at forty one dollars thirty three cents as it caps gains after touching new highs for 2016…
Angola’s oil export tied to paying fat loans
Angola has found itself with a dwindling amount of crude to sell as more of its oil flows to China for debt…