Oil & Gas

Strong dollar sinks crude oil prices

World oil prices sank on Thursday, as dealers took their cue from strength of the…

Russian court seizes billionaire's oil firm shares

A Moscow court on Thursday ordered the nationalisation of a stake in an oil firm…

Shell records a small fall in profit, appoints new chairman

Europe's largest oil company, Royal Dutch Shell has reported a small fall in third quarter…

Oil prices continue topsy-turvy, down in Asia

Oil prices edged lower in Asia Thursday but losses were limited by a surprisingly upbeat…

Oil prices rally as US inventory slows down

World oil prices rallied on Wednesday after a smaller-than-expected increase in US crude inventories and…

4 cops killed in Bayelsa, 6 Agip workers kidnapped

Gunmen on a speedboat in Nigeria's oil-producing state of Bayelsa killed four policemen and kidnapped…

Oil extends losses, Goldman Sachs projects $80 for Brent crude

Oil moved lower in Asian trade Tuesday after Goldman Sachs slashed its price forecasts for…

Senate proposing $78 as crude oil price benchmark for 2015

The Senate is set to adopt $78 as the country’s oil price benchmark for 2015…

Oando gets shareholders approval to sell 49 percent of retail business

Shareholders of Oando Nigeria Plc on Monday endorsed the divestment of the company’s shareholding and…

Nigeria may sack workers if oil prices continue to fall—Okonjo-Iweala

Nigeria's Federal Government may be forced to embark on cost cutting measures like rationalization of…