By Joseph BAMIDELE NEW YORK – Texas-Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily...
By Joseph BAMIDELE ABUJA – The Shell Petroleum Development Company of Nigeria Limited (SPDC) operated Joint Venture has suspended production at the EA field for repair...
LONDON – Brent futures rose above $110 a barrel on Thursday on worries that violence in Iraq could disrupt oil supplies, while an unexpected draw in...
…as Brazil becomes future hub By Joseph BAMIDELE LAGOS – Oil producing countries in East Africa has overtaken their western African counterparts in FPSO projects across...
NEW YORK – Total US crude oil production in 2015 will reach its highest level since 1972, the US Energy Information Administration forecasts in its Short-Term...
LAGOS – Two oil marketers, Mahmud Tukur and Alex Ochonogor, has filed a preliminary objection asking an Ikeja High Court to quash the N1.8 billion fuel...
DUBAI – The 12-member Organisation of the Petroleum Exporting Countries (OPEC) has agreed to renew its oil production ceiling of 30 million barrels a day for...
NAIROBI – With proposed electricity generating plants that are expected to reduce the overall cost of power and of doing business in the country, Kenya is...
NEW YORK – Oil is expected to trade in a tight range through the day, drawing support from expectations of rising demand even as supply prospects...
NEW YORK – Brent oil rose to $110 a barrel on Tuesday supported by tight supply and hopes of healthy demand growth from the U.S. and China...
