By Yemie ADEOYE with Agency reports LAGOS-EXXONMOBIL, worlds largest publicly traded oil company has announced a significant discovery offshore the coast of Nigeria, Exxon Mobil Corp....
ABUJA-THE Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said corruption in the oil and gas industry was overblown. Kachikwu said this in Abuja on...
LAGOS-THE Naira on Thursday appreciated at the forex market barely 24 hours after liquidity challenges forced it to depreciate thrice in six hours. The Nigerian currency...
LAGOS-FACED with a recessive economy, the Central Bank of Nigeria and the fiscal authorities are meeting to restrategise on how to take the economy out of...
LAGOS-IN a sign that major oil producers continue to suffer from low crude prices, Norway’s Statoil (NYSE:STO) reported on Thursday a third-quarter loss, missing by a...
LAGOS-GREECE said on Wednesday that it is naming a consortium led by France’s Total SA and comprised of Italy’s Edison and Greece’s largest refiner, Hellenic Petroleum,...
LAGOS-OIL major BP is set to ship 1 million barrels of U.S. crude to Australia and Thailand by the end of this year in what would...
By Yemie ADEOYE with Agency reports LAGOS-THE Nigerian Government has issued a statement affirming that Royal Dutch Shell will resume exports from the Forcados terminal in...
LAGOS-AMERICAN crude oil supplies surged upwards by 4.8 million barrels this week, almost completely offsetting last week’s 5.2-million-barrel draw, according to the American Petroleum Institute (API)...
LAGOS-FRENCH oil major Total SA , mining and trading giant Glencore, and crude oil trader Gunvor have bid to buy 75 percent of Chevron’s South African...
