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Oil & Gas
FG, oil marketers assure on easing fuel scarcity in days
The Federal Government and oil marketers on Monday evening assured that the present fuel scarcity across the…
Downstream investment can spur Africa’s economic…
Following the slump in crude oil prices, economic growth in 2015 is expected to be relatively sluggish,…
Fighting shale oil: Venezuela proposes oil blending
The fight amongst crude oil producers for market share has taken a new dimension. Venezuela has initiated talks on…
Petrobras takes $17bn charge in wake of scandal
Brazilian state-run oil company Petrobras reported its biggest-ever loss, the result of a $16.8 billion write-down…
‘Buhari will release full audit on NNPC’
Nigerian president-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and…
Côte d’Ivoire – Ghana boundary dispute threatens…
In 2010, Cote d’Ivoire petitioned the United Nations to complete the demarcation of the Ivorian maritime boundary…
OPEC sees victory in war against shale
OPEC says the demand for its oil will rise during 2015 because the cartel is winning its price war against US shale…
Gazprom plans $4 bn extra spending in 2015
Russia’s natural gas exporter is planning $4 billion of additional investments this year to prepare for the start…
Egypt to import $3.55bn worth of LNG by 2016
Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an…
Buhari anti-corruption crusade to lead to transparent…
Corruption has been the bane of the oil and gas sector, particularly state oil company, the Nigerian National…
Fuel scarcity looms as marketers threaten withdrawal of…
Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have threatened to withdraw…
Shell-BG mega deal takes center-stage
The energy world woke up to the news of the mega-merger between Royal Dutch Shell and BG Group closing the gap on…