Yemie ADEOYE with Agency reports HOUSTON– RUSSIA appears President Vladimir Putin says he sees no obstacles to OPEC reaching an agreement later this month, and Russia is...
By Yemie ADEOYE HOUSTON Tx-THE recent announcement of a huge discovery of oil reserve by Exxonmobil offshore Nigeria may not have come as a surprise to...
By Yemie ADEOYE with Agency reports LAGOS-EXXONMOBIL, worlds largest publicly traded oil company has announced a significant discovery offshore the coast of Nigeria, Exxon Mobil Corp....
LAGOS-IN a sign that major oil producers continue to suffer from low crude prices, Norway’s Statoil (NYSE:STO) reported on Thursday a third-quarter loss, missing by a...
LAGOS-OIL major BP is set to ship 1 million barrels of U.S. crude to Australia and Thailand by the end of this year in what would...
By Yemie ADEOYE with Agency reports LAGOS-THE Nigerian Government has issued a statement affirming that Royal Dutch Shell will resume exports from the Forcados terminal in...
LAGOS-AMERICAN crude oil supplies surged upwards by 4.8 million barrels this week, almost completely offsetting last week’s 5.2-million-barrel draw, according to the American Petroleum Institute (API)...
LAGOS-FRENCH oil major Total SA , mining and trading giant Glencore, and crude oil trader Gunvor have bid to buy 75 percent of Chevron’s South African...
LAGOS-OILFIELD services group Baker Hughes reported on Tuesday a lower-than-expected adjusted net loss for the third quarter, but said that its North American business will only...
LAGOS-A Nigerian oil firm, Petrolex Group, on Thursday said it had entered into a consortium with Wema Bank and the government of Ogun to build the...
