LAGOS – Pirates have attacked a tugboat near the Brass River crude oil export terminal in the Niger Delta, kidnapping the ship’s captain and an engineer....
ABUJA – The Federal Government’s desire to achieve commercial oil production in the Chad Basin this year may not come to fruition, due to insecurity caused...
JOHANNESBURG – Oando plans to seek shareholder approval to raise up to N250 billion ($1.5bn) via debt or equity, the energy company said on Tuesday. Oando...
LAGOS – Nigeria has delayed issuing permits for gasoline imports for the first quarter of 2014 following disputes with local marketers over subsidy payments for previous...
BAGHDAD – Baghdad is in “very serious” discussions with the Kurdistan Regional Government to break a political deadlock on the controversial subject of oil sales from...
LONDON – Crude oil prices recovered Tuesday from declines in the previous session that were linked to the currency pressures being felt in emerging markets. However,...
NEW YORK – The average price for regular gasoline at U.S. pumps fell 3.46 cents in the past two weeks to $3.3113 a gallon, according to...
LAGOS – After some level of relative stability in the supply of premium motor spirit (petrol), the country is set to face a major supply crisis...
ABUJA – Chevron cannot offload some Nigerian onshore assets until it has settled a legal dispute with an interested party said to have tabled the highest...
DUBAI -Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world’s top oil...
