BAGHDAD – U.S. oil major Exxon Mobil (XOM.N) will hand over a 25 percent stake in Iraq’s West Qurna-1 oilfield project to China’s biggest energy company...
LONDON -The price of the two key crude oil benchmarks continued to diverge Thursday, with Brent hovering near seven-week highs and WTI at its lowest point...
ABUJA – The House of Representatives yesterday mandated its committee on Petroleum Resources (Upstream) to conduct an investigative hearing on the expenditure and subsidy on kerosene....
LAGOS – Oando Foundation, an independent charity launched by Oando Plc, has won the Corporate Social Responsibility Initiative award at the 2013 Africa Oil & Gas...
ABUJA – There are indications that the Federal Government will stop kerosene subsidy in 2014 bringing to an end a scheme that has been widely criticised...
ABUJA – Lawmakers in Nigeria have ordered investigation into the alleged expenditure of 634 billion Naira (about 4.064 million dollars) to subsidise kerosene in the last...
NEW YORK — U.S. crude oil prices held near five-month intraday lows Wednesday after a government survey showed that domestic crude supplies rose for a 10th...
CAPE TOWN – Madagascar Oil, which began producing oil in May for its own steam generators, aims to have a plan approved next year to allow...
PORT HARCOURT – Unless the increasing trend of pirate attacks in the Gulf of Guinea is tackled quickly and effectively, piracy could do serious damage to...
LONDON – Brent crude oil was trading close to an seven-week high Wednesday, as fresh problems in Libya unsettled the supply side of the market. Brent...
