Oil & Gas
The Feed
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Fake letters to buy crude in circulation, NNPC warns
The Management of the Nigerian National Petroleum Corporation (NNPC), has raised the alarm over the circulation of fake letters of authorization purportedly…
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Crude oil export: 40 Nigerian cargoes await buyers
Around 40 Nigerian crude oil cargoes were still available out of 63 loading in November, traders said on Monday, according to Reuters.
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Kuwait buys into Canadian shale play
Kuwait Petroleum’s foreign exploration unit is taking a 30 percent stake in an oil-rich Canadian shale deposit operated by Chevron, Chevron announced…
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Oil prices fall amidst supply glut, stronger dollar
Global oil prices fell Friday, with the US contract hitting a 17-month low amid ample supplies on the market and the dollar…
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Saudi price cuts crash oil prices
Price cuts by key exporter Saudi Arabia helped send global crude prices to their lowest point in more than two years Thursday…
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ExxonMobil limits employee travel to Ebola hit nations
US oil giant ExxonMobil said Thursday it has limited employee travel to countries hit by the deadly Ebola virus.
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Italy probes $533mn bribe to Nigerian officials, politicians
On a day that Nigeria marked its 54th independence anniversary, Italian prosecutors were busy combing the books of state-backed firm Eni SpA…
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Dubai Fund to invest in Dangote ventures
Investment Corporation of Dubai (ICD), with assets worth over $70billion, is exploring further investment opportunities with African conglomerate Dangote Group, the chief…
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Nigeria's crude oil sales slow, Angola moving faster
Angolan crude oil for November loading was selling relatively rapidly, traders said on Monday, with just a third of cargoes for the…
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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 of Nigeria’s impoverished north and prevent legions…
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