KAMPALA — The government of Uganda has signed a long awaited deal with foreign oil companies to develop its oil sector, bringing to an end several...
ABUJA – Toronto-listed Oando Energy Resources (OER), the upstream business of Oando Plc, said it had secured funding for the closure of the acquisition of the...
LAGOS — The Governor of the Central Bank of Nigeria, CBN, Mallam Lamido Sanusi, yesterday, explained that he exposed the opaque management of oil revenue in...
LONDON – Crude oil traded broadly higher Thursday, having largely avoided the jitters that have gripped other global markets in recent weeks. March Brent crude on...
ABUJA – Former Deputy President General of the Trade Union Congress of Nigeria, TUC, Dr. Brown Ogbeifun, has said the Petroleum Industry Bill, PIB, remains the...
ABUJA – The House of Representatives has commended the Petroleum Products Pricing Regulatory Agency for being able to save N409bn subsidy claims in 2012. The Chairman,...
NEW YORK – Crude-oil futures wobbled Wednesday after government data showed an increase in crude-oil supplies but a shrinking storage glut in Cushing, Okla., where the...
BEIJING – China imported 53 billion cubic meters of natural gas in 2013, accounting for 31.6 percent of the country’s total gas consumption, China Petroleum says....
DUBAI – Organization of the Petro¬leum Exporting Coun¬tries’ (OPEC) oil output has risen in January from December due to a partial recovery in Libyan supply and...
LAGOS – Mr Ibrahim Farinloye, Information Officer, National Emergency Management Agency (NEMA), on Wednesday allayed the fears of residents of Ijegun-Imore, Lagos, over suspected leakage from...
