Browsing Category
Oil & Gas
Focus on Ghana’s handling oil revenue
Ghana’s Petroleum Revenue Management Act was passed more than a year after the first oil was pumped from the…
Chinese energy giants drill for Shale gas
China’s energy heavyweights Sinopec and PetroChina have upgraded their outlook on the country’s shale gas industry,…
PetroChina 2Q profit rises by 15 percent
PetroChina posted a 15 percent rise in second-quarter profit, partly due to higher upstream earnings and improved…
Saudi Aramco to invest $40 billion a year for the next…
Saudi Aramco, the world’s biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil…
Afren shares drop after Kurdistan shutdown
Afren, which operates in Nigeria and Iraqi Kurdistan, slashed its full-year production forecast by 20 percent after…
Total goes on with gas project despite Ukraine…
Total is pushing ahead with a giant Russian natural gas project in the Arctic as escalating fighting in Ukraine…
OPEC oil output hits one-year high in August on Nigeria
OPEC crude oil production increased to a one-year high in August, led by surging output in Nigeria, a Bloomberg…
Brent steady, US crude up
Brent crude ended flat as improving supply and concerns about tepid demand for oil in Europe and China offset…
Russian’s Rosneft goes for $42 billion pension funds
Russia’s Rosneft, world’s largest oil producer, is seeking a $42 billion loan from a fund earmarked for Russian…
Pipeline vandalism and its far-reaching effects on…
Last week, industry stakeholders and security experts converged on Lagos to confer on the theme ‘Pipeline Vandalism…
Oil Search half-year profit tops forecasts over PNG LNG…
Papua New Guinea oil and gas producer Oil Search Ltd beat forecasts with a 34 percent rise in half-year profit,…
Libya helps keep Brent below $103
Brent at below $103 per barrel headed for a second weekly loss as easing geopolitical risks and higher global oil…