ABUJA – Oando Energy Resources(OER), an affiliate company of Oando PLC, focused on oil exploration and production in Nigeria, has expressed confidence in concluding the acquisition...
…Protests in Libya push Brent futures higher NEW YORK – Oil futures moved higher Wednesday as traders paused following a steep selloff fueled by concerns over...
…U.S. oil prices fall to lowest settlement since May 31 …Traders worried about growing supplies, potential Fed tapering next month …Brent still supported by stalled Iran...
LONDON – PetroChina (0857.HK), China’s top oil and gas firm, said it had agreed to acquire Brazilian state energy firm Petrobras’ (PETR4.SA) oil and gas assets...
… over alleged shady $6.8bn oil deal with Swiss oil companies ABUJA – The House of Representatives, on Tuesday, set machinery in motion to probe alleged shady...
ABUJA – The NNPC is to add 585,000 barrels of crude per day to the nation’s current reserve of 3.7 billion barrels by the year 2015....
NEW YORK – For ConocoPhillips, it hasn’t been easy to say goodbye to its Nigerian business.In December 2012, the U.S. energy titan struck a deal to...
MOSCOW – Top Russian oil firm Rosneft said it would sell about $6 billion worth of refined products to BP, establishing the British major among its...
LONDON – Brent crude oil was slightly up in London trading Tuesday amid mixed signals on future oil supply from the Middle East. December Brent on...
LONDON – The United States will stride past Saudi Arabia and Russia to become the world’s top oil producer by 2016, the West’s energy agency said,...
