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Oil & Gas
Russian teapots pose next big threat to global crude oil…
The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots.
Simple…
Confab seeks to unlock potentials in SSA upstream oil,…
With more than 4,200 oil and gas blocs identified, Africa is the last true oil and gas frontier. About half of…
Oil, Gas industry operators urge FG to deploy technology…
Some oil and gas experts yesterday urged the Federal Government to deploy modern technology in combating the…
Shell sells OML 29, Nembe Creek Trunk Line for $1.7bn to…
Shell Petroleum Development Company (SPDC) has completed the sale of its interest in oil mining lease (OML) 29, the…
Fuel hoarding: Minister directs DPR to sanction erring…
Normalcy has returned to many filling stations in Lagos metropolis Wednesday as motorists drove into many stations…
OPEC halts global shale revolution
World prices have been falling since June 2014 but the pace of the slide accelerated in November when the…
Oil price slump: Focus shifts to natural gas
Following the slump in oil prices, the focus is shifting to gas. Nigeria, just like other oil dependent countries,…
Oil jumps on weaker dollar
Oil prices jumped with US crude up 4 percent after the dollar fell on interest-rate uncertainty, lifting demand for…
Saudi crude exports up in January to 7.47 million…
Crude oil exports from Saudi Arabia rose in January to their highest level since April last year, while volumes…
ConocoPhillips expects output to rise 11 percent in next…
ConocoPhillips expects production to climb 11 percent to touch 1.7 million barrels of oil equivalent per day…
Petronas says $5 billion bond issue for CAPEX, possible…
Malaysia’s Petroliam Nasional Bhd (Petronas) plans to use the $5 billion it raised in Asia’s largest bond offering…
Ethiopian oil marketer sees $5 billion refinery within…
Ethiopia’s leading private oil marketer, National Oil, plans to build a $5 billion refinery within ten years to…