London — OPEC+ maintained its oil output policy at a meeting on Wednesday, a sign producers are happy that their deep supply cuts are draining inventories despite an uncertain outlook... Read more
*Nigerian court issues criminal summons against top executives Lagos — An Upper Area Court sitting in Abuja has issued criminal summons against Shell Petroleum Development Company of N... Read more
News wire — Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green... Read more
Kampala — Uganda said on Thursday the construction of a $3.5 billion oil pipeline with France’s Total due to run through neighbouring Tanzania was expected to begin shortly. Uganda dis... Read more
Mexico City — Moody’s Investors Service said on Wednesday that it expects Mexican state oil company Petroleos Mexicanos (Pemex) to need $14.7 billion in support this year, making it a... Read more
Kuala Lumpur — Malaysia state oil firm Petroliam Nasional Berhad, or Petronas, on Wednesday said it has made an oil discovery at the Hidayah-1 exploration well in Indonesia through its... Read more
News wire — Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as... Read more
*Seeks military support for protection of oil and gas assets OpeOluwani Akintayo Lagos — The state oil company, NNPC has said it still loses 200, 000 barrels of crude oil per day to th... Read more
Mkpoikana Udoma Port Harcourt — The National Assembly on Wednesday announced that it will pass the Petroleum Industry Bill, PIB before the end of April 2021. The Joint National Assembl... Read more
London — Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build in U.S. inventories last week capped gains. Brent cr... Read more
