Italy’s Eni S.p.A. signed two production sharing contracts (PSC) with Vietnam’s state-owned oil and gas company PetroVietnam Monday for exploration blocks 116 and Block 124, located...
By Kunle KalejayeNigeria, the largest Oil producer in Africa is set to be overtaken by Angola the continents second largest producer of Oil by 2016.The International...
LAGOS-The Aiteo Group-led consortium has acquired Shell’s equity shares in oil mining lease (OML) 29 for $2.7 billion which the company has just divested from. The...
Targa Resources Partners LP agreed to buy Atlas Pipeline Partners LP for $5.8 billion, including debt, creating one of the largest diversified master-limited partnerships. Atlas will...
By Kunle Kalejaye Techno Gas & Power, a subsidiary of Techno Oil Limited has hinted that Nigeria power sector needs 6.5 million prepaid meters to...
Joseph BAMIDELE LAGOS-The International Monetary Fund says China has overtaken the United States as the world’s largest economy, according to a report. The IMF estimates that...
By Josephine ADAMA ABIDJAN– Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea,...
HOUSTON– Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore...
Royal Dutch Shell plc announced Wednesday the commencement of first oil from the Gumusut-Kakap floating platform, located in water depths up to 3,900 feet (1,200 meters)...
Fitch Ratings says in a new special report that Nigerian banks are performing well despite the twin hurdles of tight monetary policy actions and new banking...
