OPEC exports to drop as U.S. output gains

The Organisation of Petroleum Exporting Countries will cut crude exports through mid-November as rising US output allows the nation to curb purchases from the...

Chevron reports third quarter net income of $5.0 billion

Chevron Corporation Friday reported earnings of $5.0 billion ($2.57 per share - diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per...

Lekoil gains Ogo funds in $100m placing

Lekoil has raised around $100 million in a London share placing to fund drilling, testing and appraisal of the Ogo oil discovery off Nigeria. The...

Chevron withholds award letter on oil deal from Brittania-U

Chevron Nigeria Limited, which offered three oil blocs for open bidding, appears to now be foot-dragging in releasing the bid winner’s award letter to...

Lekoil provides update on the Ogo-1 well in OPL310, offshore Nigeria

AIM-listed Lekoil, the oil and gas company with a focus on Nigeria and West Africa, has provided an update on the Ogo-1 discovery in...

PwC advises oil firms on operational excellence

Price WaterhouseCoopers has called on independent oil and gas companies operating in Africa to adopt operational excellence if they are to overcome their teething...

Raising production level among indigenous oil operators

The Federal Government’s aspiration to grow the nation’s proven crude oil reserves from the current level of 37 billion barrels to 40 billion barrels...

Eni cuts 2013 production outlook, blames Nigeria, Libya

Italian oil major, Eni, on Wednesday cut its oil and gas production outlook for 2013 citing continuous disruptions in Nigeria and Libya. The company said...

Banks ‘ready to fund Brittania-U’s acquisition of Chevron assets’

With the emergence of Brittania-U Nigeria Limited as the winner of the bids for three Chevron oil blocks, it has been reliably gathered that...

Proserv names country manager for Nigeria

International energy technology services company Proserv has reinforced its expanding global reach by appointing a country manager in one of West Africa’s fast-emerging provinces. Olu...

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