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Oil & Gas
Offshore security threats weighing on Nigeria’s oil…
Boasting huge hydrocarbons resources yet to be exploited, Nigerian offshore domain is fraught with increasing…
South Africa looks to Mozambique, others for gas
Battling with energy shortages, South Africa is looking to gas-rich Mozambique and its shale gas resources as it…
Concerns heighten as Kurdish oil nears US port
Despite US long-standing concern over independent oil sales from Kurdistan, a tanker carrying crude oil from the…
Crisis costs Syria’s oil sector $23.5 billion
Syria’s oil sector has lost around $23.5 billion due to damage to facilities and pipelines, looting and production…
Fast-tracking access to funds for oil, gas firms in…
The capital market is meant to provide long term funding for investors. While the Nigerian capital market has been…
KCA Deutag wins $170 million Sonangol rig contract
Aberdeen-based drilling and engineering contractor KCA Deutag said that it has won a $170 million contract with…
ExxonMobil to expand Texas refinery into biggest in US
ExxonMobil is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country’s…
Ebola virus delays drilling
Drilling plans for offshore Liberia have been delayed due to an Ebola virus outbreak in the region, Canadian…
US-Russian tensions, supply fears keep Brent above $108
Brent oil prices reversed early losses to climb more than $1 a barrel as fighting in Ukraine and deteriorating…
Hancock in as Britain’s energy minister
Refineries in South Korea are gearing up to trim output in August on persistently weak margins and as some units…
Question on maintainance as NNPC commits billions of…
With several gas pipeline projects already completed and others in the pipeline to address the gas deliverability…
Russia’s additional Asian crude export weighing on…
Russia is offering more crude oil for exports to Asian markets. The higher supply is weighing on prices. Analysts…