Oil & Gas

Fake letters to buy crude in circulation, NNPC warns

The Management of the Nigerian National Petroleum Corporation (NNPC), has raised the alarm over the…

Crude oil export: 40 Nigerian cargoes await buyers

Around 40 Nigerian crude oil cargoes were still available out of 63 loading in November,…

Kuwait buys into Canadian shale play

Kuwait Petroleum's foreign exploration unit is taking a 30 percent stake in an oil-rich Canadian…

Oil prices fall amidst supply glut, stronger dollar

Global oil prices fell Friday, with the US contract hitting a 17-month low amid ample…

Saudi price cuts crash oil prices

Price cuts by key exporter Saudi Arabia helped send global crude prices to their lowest…

ExxonMobil limits employee travel to Ebola hit nations

US oil giant ExxonMobil said Thursday it has limited employee travel to countries hit by…

Italy probes $533mn bribe to Nigerian officials, politicians

On a day that Nigeria marked its 54th independence anniversary, Italian prosecutors were busy combing…

Dubai Fund to invest in Dangote ventures

Investment Corporation of Dubai (ICD), with assets worth over $70billion, is exploring further investment opportunities…

Nigeria's crude oil sales slow, Angola moving faster

Angolan crude oil for November loading was selling relatively rapidly, traders said on Monday, with…

Boko Haram dims hope of oil exploration in Lake Chad

Social and economic development has long been touted as the way to revive the fortunes…