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Oil & Gas
US emerges top global oil producer
United States has overtaken Saudi Arabia and Russia to become the world’s biggest producer of oil as extraction of…
Pemex to invest additional $6 billionin Cantarell…
Mexican national oil company, Pemex, will pump an additional US$6 billion into its beleaguered Cantarell oilfield…
Crude oil futures slip as Iraq risks recede
The price of oil slipped as the risk of supply disruptions in Iraq faded and key export terminals in Libya were…
Mozambique stealing the show as Shell, Eni mulls GTL…
Boasting huge natural gas reserves on the back of recent discoveries, Mozambique continues to hold allure for…
Can US crude oil export alter market dynamics?
The Obama Administration has given the first permission in four decades for the export of unrefined American crude.…
US refining industry making inroads into Africa
Buoyed by the growing production from shale oil and gas in the country, the United States (US) refining industry is…
Gas city project: Host communities pledge to work…
The communities that make up the $16 billion Ogidigben Gas City (Export Processing Zone) have resolved to stop…
Crude oil on the brink of crisis
Brent crude hit a nine-month high inching past $117 a barrel as the United States said it could send military…
Boost for Nigerian independents as Oando snaps up…
No sooner had word went out that Oando Plc had received government approval for the acquisition of ConocoPhillips’…
ExxonMobil’s smart move in the $19bn PNG LNG Project
ExxonMobil in May 2014 shipped the first cargo of liquefied natural gas (LNG) from the $19 billion Papua New Guinea…
Shell offers to pay $51m for Nigeria oil spill
Anglo-Dutch supermajor Shell has offered to pay up to $51 million in compensation for two oil spills in Nigeria in…
Gas war: Russia strikes
The threats, bluffs, pressure and maneuvers are over. Russia has finally deployed the gas weapon with the decision…