Browsing Category
Oil & Gas
Brent steadies above $57
Brent crude steadied above $57 a barrel on bargain hunting by investors, but gains were capped by a steadying…
NNPC hands pipeline protection contracts to…
The Nigerian National Petroleum Corp (NNPC) has handed over new contracts and renewed existing ones for the…
Nigeria enters deal for LNG supply to Cote d’Ivoire, gas…
Nigeria’s move to seek broader frontiers for its Liquefied Natural Gas away from the traditional Asian- pacific hub…
Four years of oil production in Ghana
In 1983, the government of Ghana established the 100 percent state-owned state oil company Ghana National Petroleum…
Oil price recovery still long way ahead
The price of oil plunged in the second half of 2014 when it became apparent that production was outpacing global…
Middle East tension spikes Brent
Brent crude rose above $61 a barrel supported by geopolitical tensions in Libya and Iraq, while traders eyed the…
BP to invest $12 billion to develop Egypt’s West Nile…
British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile…
Petrobras to sell $13.7 billion in assets in 2015 and…
Petrobras plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil’s…
Oil hedge helps Oando prepay debt after ConocoPhillips’…
Oando Plc, has prepaid $238 million out of the $753 million it borrowed to part finance the acquisition of…
Oil, gas output above 3 million barrels per day for…
Brazil produced more than 3 million barrels of oil and equivalent natural gas a day (boepd) for the second straight…
Lukoil may quit most projects as no large discoveries…
Russia’s Lukoil oil company may leave almost all of its projects in West Africa as it has made no large discoveries…
Russian oil output steady in February despite sanctions
Russian oil output was broadly unchanged in February; at 10.65 million barrels per day (bpd), as a rise in…