A criminal investigation of eleven oil and oil-services companies is underway by the U.S. Justice Department. A civil investigation by the Securities and Exchange Commission is also in progress.
Browsing: Oil
Organisation of Petroleum Exporting Countries (OPEC) has ranked Nigeria its second biggest crude oil exporter by volume, climbing four places to push Iran and Venezuela to the back stage and only out paced by Saudi Arabia.
Eni confirmed it signed a memorandum of understanding with China Petroleum & Chemical Corp., or Sinopec, as Italy’s biggest oil and natural gas company strengthens its ties with Chinese hydrocarbon firm.s
By Charles Kennedy The French Ambassador to Uganda has said that the exploration for oil in the country is a…
Nigeria, Africa’s top oil producer, surpassed Iran as the Organisation of the Petroleum Exporting Countries’, OPEC, second-largest exporter in 2010…
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has said divestment of its equity from some oil blocs in…
Liberia has marked out 13 new, ultra-deep offshore oil blocks and will soon auction about half of them off to…
Niger expects oil reserves in its eastern Agadem oil block could be three times higher than the previous estimate of…
Anglo-Ducth supermajor Shell estimates about 100,000 barrels per day of crude oil are being stolen from its operations in the…
Mart Resources and its co-venturers, Midwestern O&G (Operator of the Umusadege field in Nigeria) and Suntrust Oil provided an update…
