Oil & Gas

Venezuela vows to keep pumping oil

Venezuela will maintain oil production in 2015 at the current level of three million barrels…

Shell nudges South Africa hasten permits on shale oil

South Africa was nudged Wednesday by Royal Dutch Shell to hasten decision on its application,…

Oil prices hit a four-year low, no thanks to Saudis

Oil prices plunged on Tuesday, with Brent hitting a four-year low after Saudi Arabia slashed…

Oil prices fail to rally in Asia

Oil prices extended losses in Asia Tuesday after leading global producer Saudi Arabia slashed its…

Oil prices plunge on back of Saudi price cuts

Oil prices plunged late in the day Monday after reports that Saudi Arabia was slashing…

Conoil profit down 32 per cent, Dangote Cement crawls

Nigerian fuel retailer Conoil said on Monday its 9-month pretax profit fell 32.

Petroleum Minister Hailed For Keeping Brass LNG Dream Alive

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr.

Nigeria's oil unions threaten to go on strike again

Two industrial unions in the oil and gas sector on Friday gave the Federal Government…

ExxonMobil earnings increase in Q3

US energy giant ExxonMobil reported slightly higher third-quarter earnings on Friday as better results in…

Russia agrees gas supplies to Ukraine

Russia agreed to resume gas deliveries to war-torn Ukraine through the winter in an EU-brokered,…