Philippines looks at possibility of oil imports from Nigeria

The Philippines is looking at the possibility of importing crude oil from Nigeria, the Department of Foreign Affairs said. This cropped after a meeting...

Shell invested N45bn in the Niger Delta in 2012

Shell Petroleum Development Company Plc, SPDC, said it invested $281.2 million (N44.99 billion) in the Niger Delta in 2012. Speaking at the launch of its...

Marginal fields account for 2.1% of Nigeria’s crude production – DPR

The Department of Petroleum Resources, DPR, said on Tuesday that Marginal Fields operations account for 2.1 per cent of the country’s total crude production,...

Eni sees profits drop during first half of the year

Italian company Eni saw profits drop during the first half of the year as lower oil prices and production hit revenue. Eni posted a net...

OPEC daily basket price closes at $104.97/b

The price of OPEC basket of twelve crudes stood at 104.97 dollars a barrel on Wednesday, compared with $104.92 the previous day, according to...

Shell profits eroded by rising costs, oil theft in Nigeria

Rising costs and a surge in oil thefts in Nigeria, among other factors, hit Royal Dutch Shell's second quarter profits, a result that outgoing...

Eland Oil & Gas announces update on reserves and resources

AIM-listed Eland Oil & Gas, an oil & gas development and exploration company operating in West Africa with a principal focus on Nigeria, has...

Our role in the $1.09bn Malabu oil deal – Shell

Shell Nigeria Ultra Deep Limited, SNUD, is in the centre of the Malabu Oil deal, for which it is being investigated by the British...

Shell look to sell 4 more Nigerian oil blocks

Shell is to continue its round of asset sales in Nigeria as it looks to offload a pair each of onshore and offshore blocks,...

OPEC daily basket price closes at $104.92/b

The price of OPEC basket of twelve crudes stood at 104.92 dollars a barrel on Tuesday, compared with $105.21 the previous day, according to...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...