LONDON – Royal Dutch Shell Plc sold North Sea Forties crude at a higher level than the last trade on Nov. 19. There were no bids or...
…Libyan Violence Supports Prices NEW YORK – U.S. oil futures moved higher Friday as investors paused following a selloff that sent domestic prices to their biggest...
NAIROBI – East Africa’s first land based locally-owned drilling contractor is just starting up, signalling the intention of local investors to get a share of the...
LONDON – A fresh rift is emerging among OPEC members over trimming the cartel’s oil output in the coming months, amid surging U.S. production, a resurgence...
ROME – Eni sees Mozambique, its planned base for African output, struggling to meet a 2018 deadline to build plants allowing the country to ship liquefied...
ABUJA — Nigeria will offer domestic operators 31 exploration licences next month for oilfields with volumes too low for bigger overseas companies, broadening the range of...
LONDON – U.S. energy giant Exxon Mobil Corp. said Thursday it agreed to sell stakes in its West Qurna-1 oil project in Iraq to PetroChina Co....
LAGOS – The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the Federal Government over its determination to privatise the nation’s four refineries. IPMAN said...
ROME – Eni Italy’s ENI aims to drill 140 new wells over the next four years to 2016, part of an ambitious $28-billion programme the company...
WARRI – Mr Amoma-Francis Monday, Leader/Coordinator, All Communities affected by Shell Bonga Oil Spill in Niger Delta, on Thursday in Warri called for compensation for the...
