MEXICO CITY – Mexico’s national oil company Pemex will export its first shipment of extra light Olmeca crude to India later this month, the company said...
ABUJA — The Governor of the Central Bank of Nigeria, CBN, Mr. Sanusi Lamido Sanusi yesterday described the kerosene subsidy claim by NNPC as a scam...
WASHINGTON – IFC, a member of the World Bank Group, has agreed to provide VAALCO Gabon with a $65 million reserve based loan facility to support...
LAGOS — Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have expressed concern over the inability of the...
PARIS – French major Total announced Tuesday that it has sold its 15-percent interest in Block 15/06, offshore Angola, to Sonangol E&P for $750 million. Block...
ABUJA – The Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, has appeared at a meeting with the Senate Committee on Finance to...
NEW YORK – The U.S. government has authorized limited crude oil exports to Europe, for the first time in years, raising new questions about how companies...
LONDON – BP, the West’s no.4 oil company, reported weaker quarterly profits after its refining business swung to a loss, and said it would increase the...
LONDON – Royal Dutch Shell Plc, Chief Executive Officer Ben van Beurden promised to slash capital spending and accelerate asset sales to revive earnings at Europe’s...
ABUJA – The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday n a communiqué issued and signed by the National President, Alhaji Aminu Abdulkadri, said...
