Oil & Gas

Jonathan receives forensic audit of NNPC accounts

President Goodluck Jonathan on Monday in Abuja received the Forensic Audit report on the Nigerian…

Oil pipeline explodes outside Lagos

Another pipeline explosion occurred early Sunday along Pipelines and Products Marketing Company (PPMC) network at…

Royal Dutch Shell slashes 2014 profit due to book error

Oil giant Shell revised down Friday its 2014 net profit, after uncovering an error in…

The Diezani 'magic' in Nigeria's oil ministry

By Toyin Akinosho It would be inappropriate for President Goodluck Jonathan- if re-elected- to reappoint…

Low oil prices drag down oil firms stocks

Shares in energy companies slid Thursday after they announced falling profits on tumbling oil prices,…

Still bad news for crude oil as prices reach 6-year low

New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude…

Shell announces profit slump, hints of $15billion spending cuts

Energy group Royal Dutch Shell on Thursday announced an eight-percent drop in annual net profits…

Indigenous Peruvians stop oil production, demand compensation

Hundreds of indigenous Indians from the Peruvian Amazon demanded compensation for land use at 14…

US crude reserves tumble oil prices

Glimmer of hope that oil prices may be on an upward swing were dashed today…

Canada's Quebec province starts producing oil

Oil has started pumping for the first time at a well in Canada's Quebec province…