JOHANNESBURG – Heritage Oil has relinquished one of its licences in Tanzania after initial seismic data suggested a neighbouring play had better prospectivity. The London-listed company...
JOHANNESBURG – Libyan Prime Minister, Ali Zeidan, warned oil tankers to stay away from eastern terminals seized by armed protesters or they could be sunk, as...
ABUJA – The Trade Union Congress (TUC) on Thursday commended the Federal Government’s decision not to sell the nation’s four refineries. Labour leaders from the National...
BENIN – There is indication that the total daily oil production in the country has reduced by 200 barrels due to oil spillage at the Dubril...
ABUJA – The Federal Government will earn $18.4 million, about N2.94 billion, as taxes from Chevron Nigeria Limited’s $481.6 million two-year contract with Pacific Drilling. Also,...
DUBAI – Crude oil futures rebounded in London trading Thursday after falls in the previous session with some support from geopolitical tension, but the market is...
LAGOS – PENGASSAN says government .has promised to repair the refineries. The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, says it has received...
TORONTO – A Canadian National Railway train carrying propane and crude oil derailed and caught fire on Tuesday in northwest New Brunswick, Canada, the latest in...
ABUJA – The anticipated strike by workers in the oil and gas sector has been suspended following federal government’s resolve not to sell the ailing refineries...
BEIJING – Steady energy demand in the world’s second-largest oil-consuming country has been a saving grace for the oil-tanker market, with much of the credit going...
