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Oil & Gas
Statoil deepens spending cuts as declining oil price…
Statoil deepened cost cuts and halted dividend growth as Norway’s biggest energy company struggles to withstand a…
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…
Brent posts best two weeks since 1998
Oil rallied again with benchmark Brent crude having its largest two-week gain in 17 years, as falling oil rig…
Residential vacancy rate rises 32% as demand softens on…
As the economic impact of falling oil price spreads, the property market has been significantly impacted with…
PENGASSAN wants politicians to respect Abuja accord
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that politicians and their…
NNPC decries upsurge in vandalism of crude, gas…
The Nigerian National Petroleum Corporation (NNPC) has deplored the recent increase in attacks on crude oil and gas…
Crude oil storage revives West Africa-US crude market
The global glut are forcing oil traders to source any tanks available with the hope of maximizing profits when…
OPEC January 2015 crude output rises
Organisation of Petroleum Exporting Countries (OPEC) oil production rose in January as record Iraqi output helped…
$2.54 billion FPSO contract for Ghana’s OCTP Block…
Malaysia’s Yinson Holdings Berhad (Yinson, the Group), announced it has been awarded a contract for the chartering,…
Chevron takes control of BP deepwater discoveries
Chevron is expanding its deepwater oil portfolio by assuming control of multibillion dollar projects from rival BP…
BP freezes pay in 2015 to cut costs
BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in…
Oil rises on record US rig slump
Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a US refinery strike and…