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Oil & Gas
Oil extends gains as Brent tops $60 mark
Crude-oil futures rose, extending sharp overnight gains, with Brent crude testing the $60 mark on reports of…
Tullow Oil scraps dividend after first loss in 15 years
Africa-focused oil and gas explorer Tullow Oil has reported a $2 billion pre-tax loss, its first in 15 years, and…
IEA makes cuts in US production forecasts
On February 10, the International Energy Agency (IEA) cut its forecast for non-OPEC supply growth in 2015, taking…
Seadrill gives up on $1.1 billion of Petrobras orders
Seadrill, the world’s third-biggest offshore driller, cut $1.1 billion worth of Petrobras orders from its backlog…
Global Oil Layoffs Exceed 100,000
The promise of plentiful jobs and salaries as high as a quarter-million dollars a year lured Colombia native Clara…
Dana Gas to use $60 million repaid by Egypt for local…
Dana Gas, the Middle East’s leading regional private sector natural gas company, has announced a number of major…
Chevron proposes huge investment in bitumen mining,…
The Federal Government has disclosed its partner- ship with Chevron Nigeria on the mining and exploitation of…
Deconstructing PwC’s forensic audit of NNPC account
PriceWaterHouse Coopers (PwC) in its forensic audit reports asked Nigerian National Petroleum Corporation (NNPC)…
Saudi’s cut Asia oil pricing to a record low
Saudi Arabia, the world’s largest crude exporter, cut pricing for March oil sales to Asia, signaling that they are…
US oil production to grow at slower pace in 2015
US oil production will continue to increase this year but at a slower pace, due to companies continued investment…
Saudi’s cut Asia oil pricing to a record low
Saudi Arabia, the world’s largest crude exporter, cut pricing for March oil sales to Asia, signaling that they are…
Saipem gets $1.8 billion Kashagan contract
The North Caspian Operating Co. (NCOC) awarded Saipem a $1.8 billion engineering and construction contract to build…