WASHINGTON – The five states that border the Gulf of Mexico are getting $113 million to improve the environment, the first small chunk of $2.5 billion...
WARRI – Following the shutdown of operations after the inferno at the Warri Refining and Petrochemical Company (WRPC), work is expected to resume this week. The...
SOKOTO – Chairman of the Nigeria Governors’ Forum (NGF), Mr. Chibuike Amaechi, is alleging the disappearance of $5 billion from the Excess Crude Account and asked...
NEW YORK – Oil futures turned lower on Friday on reports that Western powers may reach a “first step” nuclear agreement with Iran as early as...
HOUSTON – A Chevron Corp worker was killed in a fire that broke out early Friday morning at a cracking unit at the major U.S. oil...
ABUJA – The Nigeria Governors Forum under the leadership of the Governor of Rivers State, Mr. Rotimi Amaechi, is holding a retreat in Sokoto, Sokoto State...
BEIJING – Royal Dutch Shell and China’s Sinopec Corporation are drilling exploration wells to test shale potential in central China, where little prospecting for the fuel...
CAPE TOWN – Libya oil, rebels14 November 2013 – Libya has lost some $6 billion due to protests at ports and oil fields that have reduced...
ABUJA – Forte Oil PLC (formerly African Petroleum) is a public liability company listed on the Nigerian Stock Exchange (NSE) and a foremost indigenous major marketer...
WASHINGTON – Blackstone Group LP, the world’s largest manager of alternative assets, as well as billionaires Wilbur Ross and John Fredriksen are amassing tanker fleets to...
