Oil and gas

Nigerian firm bids for Uganda’s oil blocks

Uganda said a Nigerian oil company is among the seven firms that have submitted bids…

Cheap oil halts projects in Nigeria, West Africa

Oil firms have put major projects in West Africa on hold because of low prices…

NNPC in Abuja begins 24 hour fuel supply to fight scarcity

The Nigerian National Petroleum Corporation said it has begun a 24 hour fuel supply in…

Nigeria set to recover $9.46bn from Oil partners

Nigerian presidency said on Sunday that the Nigerian National Petroleum Cooperation, NNPC has begun the…

Shell swallows rival BG group in $47bn deal

Energy titan Royal Dutch Shell on Wednesday announced a mega takeover of British rival BG…

Schlumberger surprises with record profit

Schlumberger, the world leader in servicing oil industry installations, surprised the markets today with a…

Oil glut: Price falling below $100 triggers panic in OPEC

Oil's slide below $100 a barrel on Monday adds to financial worries for OPEC members,…

Crude oil: Nigeria has 20 unsold cargoes for September

Close to 20 Nigerian cargoes remained unsold for September loading but the figure of available…

Oando concludes $1.5b acquisition of ConocoPhillips

Oando Plc says it has completed the acquisition of Nigerian Upstream Oil and Gas Business…

Syria war causes $21.4 bn losses to oil industry

DAMASCUS - Syria's oil and gas industries have suffered total losses of $21.