ABUJA – The Federal Government has paid a whopping N634 billion as subsidy for kerosene importation over a three year period, 2010-2012. The sum is about...
LONDON – The empire of former billionaire Eike Batista, who once boasted he wanted to become the world’s richest man, has officially fallen. Batista’s oil and...
… as Global Output Drops LONDON – Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported third-quarter earnings that missed analyst estimates as profits at refineries...
HONG KONG – Deep-pocketed Chinese energy firms have started to flex their muscles. They are snapping up foreign oil and gas companies at an increasing clip. Of...
LONDON — The Italian oil company Eni, beset by political turmoil in the African nations where it is a leading operator and plagued by a corruption...
NEW DELHI – An expert group appointed by the government has recommended an immediate across-the-board increase in the administered prices of diesel, LPG and kerosene, ahead...
KIEV – Ukraine said on Wednesday it will sign a $10 billion shale gas production-sharing agreement with U.S. energy major Chevron next week – its second...
LONDON -Crude oil was up in London trading Wednesday, with continued outages in Libya pushing prices higher, while U.S. crude headed down in an oversupplied market....
WASHINGTON – Three years after an oil pipeline rupture in Michigan spilled 843,000 gallons of sludge, government regulators still have not produced promised rules to compel...
ABUJA – Revenue accruable to the Federal Government from crude oil exports dipped by N188.5 billion to N457.2 billion in August 2013, compared to N645.7 billion...
