Mkpoikana Udoma Port Harcourt — Oil impacted communities must be compensated and remediated to ameliorate the long term effects of spills on local inhabitants, including the unborn and... Read more
*Record successful short-cycle development on Block 17 Paris, France – Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, announce the st... Read more
*Creates additional non-performing loans for banks Lagos — Indications are that the revocation of eleven marginal oil field licenses by the Department of Petroleum Resources, DPR under... Read more
Tunis — Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable energy, Rania Marz... Read more
News wire — The owners of the troubled Limetree Bay refinery in St. Croix, U.S. Virgin Islands have agreed to reinstate the sulfur dioxide ambient air monitoring program immediately, d... Read more
Houston, TX — U.S. crude oil stockpiles last week fell more sharply than expected as refining output rose and exports surged, the Energy Information Administration said on Wednesday. C... Read more
London — Oil prices rose for a third day on Wednesday as U.S. crude inventories fell more sharply than expected, while pandemic-related restrictions in the United States and parts of E... Read more
London — Saudi Aramco on Tuesday reported a 30% rise in first-quarter net profit, coupled with a maintained dividend payout, according to a report by Reuters. The state oil company bea... Read more
NEW YORK — Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rate pointed to a strong rebound in demand in the world’s two largest economies. Investors r... Read more
OpeOluwani Akintayo Lagos — The Major Oil Marketers Association of Nigeria, MOMAN has blamed subsidy behind reason for the recent surge in daily consumption of Premium Motor Spirit, PM... Read more
