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Oil & Gas
Angola sees oil output rising 10 percent to 1.84 million…
Angola expects oil output to average 1.84 million barrels per day (bpd) this year, up 10 percent from 1.67 million…
China to lend Venezuela $10 billion
China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the…
Tullow gets $450 million lending boost from creditors
Africa-focused oil producer Tullow Oil said it had raised an additional $450 million of capital from existing…
NPA expects 36 ships at Lagos ports
No fewer than 36 ships loaded with various products are expected to arrive at the ports in Lagos, the Nigerian…
IEA: China, India taking advantage of cheap oil to fill…
The International Energy Agency (IEA) in its current monthly report said China and India are set to fill up their…
Elections likely to delay oil sector reforms
The forth-coming federal and state elections in Nigeria will add another layer of risk and uncertainty to the many…
Shell CEO’s earned $25.7 million in 2014, may revive…
Ben van Beurden, Royal Dutch Shell Chief Executive, earned a total of about $26 million for 2014, making him one of…
Traders competing to buy spare Nigerian LNG cargoes for…
LNG traders are now competing to buy spare Nigerian cargoes to supply Egypt as the country gears up to become a…
OPEC oil production declined by 1 percent in 2014
OPEC’s oil production averaged 29.98 mb/d in 2014, which is 0.02 mb/d less than the production level of 30 mb/d as…
Saudi Aramco nears $10 billion loan deal
Saudi Aramco, the kingdom’s state oil giant, is close to completing a $10 billion tightly-priced loan, part of…
Al-Fuzaia expects OPEC to continue policy beyond June
Nawal Al-Fuzaia, Kuwait’s OPEC governor, in the first public comment on what would be a crucial decision to…
Plunge in global oil prices, political uncertainty…
The Federal government’s plan to increase crude oil production in the country from just over 2 million barrels per…