LAGOS – The decline in Nigeria’s crude oil revenue this year may negatively affect the budget framework for 2014, a report has stated. The report noted...
DUBAI – Energy ministers from Organisation of Petroleum Exporting Countries (OPEC) agreed this week to keep the group’s target for crude output unchanged at 30 million...
ABUJA – A loud explosion from the Conoil Filling Station,directly opposite the Nigerian National Petroleum Corporation, NNPC, Headquarters, Abuja, triggered a fire outbreak that raged for...
…Modest gains on top of four-day, 5.3% rise …Weekly jobless claims, 3Q GDP data point to economic recovery …Strong refinery runs underpin market strength NEW YORK...
LAGOS – Oando PLC has broken ground on the proposed site for its new head office along Ozumba Mbadiwe Drive in Victoria Island, Lagos. Dubbed “The...
DUBAI – West Texas Intermediate crude gained the most since September after TransCanada Corp. (TRP) said it will begin operating the southern leg of its Keystone...
LONDON – Brent crude-oil futures in London were trading lower Wednesday after the previous session’s rise to 11-week highs, while the U.S. benchmark contract soared on...
DUBAI – Organisation of Petroleum Exporting Countries (OPEC) crude production dropped to a two-year low in November, led by declines in Saudi Arabian and Nigerian output,...
VIENNA — Iran wants U.S. companies such as Chevron Corp. and ConocoPhillips to develop its oil and gas fields, the country’s oil minister said Wednesday, signaling...
ABUJA – Oando Energy Resources Inc. (OER), a company focused on oil and gas exploration and production in Nigeria, says it has entered into an amendment...
