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Oil & Gas
Ghana Oil Company set to dominate downstream
The Ghana Oil Company Limited (GOIL) has set pragmatic targets to dominate the downstream oil industry to ensure…
IEA: Oil glut worsens as OPEC market-share battle just…
A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a…
Oil down on ample supply as June Brent expires
Oil futures pulled back as ample global supply weighed on prices while Brent’s front-month June contract headed to…
Petrobras pops up with $7.2 billion of earnings
Petrobras, the state-run oil producer battered by months of bad publicity from a corruption probe and asset…
Supply cut: OPEC want non-OPEC producers on board
Some OPEC members are trying to bring major non-OPEC producers such as Russia on board in cutting supplies, as the…
Modular refineries as way forward for Nigeria
With plunging crude prices, there is need to think differently, try something different, otherwise we will continue…
GNPC to finalize $400 million ENI loan
Ghana’s state-run oil giant will soon be in the international market to finalize a transaction covering a $400…
Crude oil price volatility: Hedging to rescue
Oil producers are taking advantage of the rebound in oil markets by locking in prices for next year and beyond,…
Q1 results reveal insight on impact of low crude oil…
The first quarter of 2015 was the first in which the oil price drop will truly reflect in the numbers of the oil…
Africa Oil announces $100mn financing
Africa Oil announced that it has entered into an investment agreement with Stampede Natural Resources, an entity…
Global LNG-prices inch higher on improved demand outlook
Asian spot liquefied natural gas (LNG) prices for June delivery inched higher this week as the demand outlook…
Sinopec’s profit plunges on oil price slide
Sinopec, Asia’s largest refiner, posted an 85 percent fall in first-quarter profit as a sharp decline in…