The Nigerian National Petroleum Corporation (NNPC) has deplored the recent increase in attacks on crude oil and gas pipelines, stressing...
The global glut is forcing oil traders to source any available tanks to maximise profits when prices recover. The traders...
The organisation of Petroleum Exporting Countries (OPEC) oil production rose in January as record Iraqi output helped drive prices near...
Malaysia’s Yinson Holdings Berhad (Yinson, the Group), announced it has been awarded a contract for the chartering, operation and maintenance...
Chevron is expanding its deepwater oil portfolio by assuming control of multibillion dollar projects from rival BP as the UK...
BP is freezing base pay across the group this year, the latest in a series of steps by oil majors...
Crude oil prices rose on Monday as investors shrugged off bearish Chinese data and news of a US refinery strike...
Oil prices may stay depressed until summer due to weak seasonal demand even as Saudi Arabia’s strategy of curbing the...
The refining business becomes more attractive relative to production when oil prices fall. Royal Dutch Shell Plc reported on Thursday...
Royal Dutch Shell is to cut more than $15bn in spending and freeze its dividend in an effort to plug...
Saudi Arabia won’t balance global crude markets by itself even as prices fall “too low for everybody” and threaten investment...
South African petrochemicals group Sasol on Wednesday said it would delay its $8.1 billion investment in an ethane cracker in...
The people of Okoloma community, Ndoki in Oyigbo Local Government Area of Rivers State are crying over what they described...
So you thought a six- month break on a desert island looked appealing and spent long hours in silent medi-...
Shell also said profits for the last three months of 2014 had risen to $4.2bn compared with $2.2bn in the...