- Tuesday, July 28, 2026
BusinessDay
Brazilian state-run oil company Petrobras reported its biggest-ever loss, the result of a $16.8 billion write-down in the wake of...
The current challenges faced by oil dependent countries such as Nigeria have prompted stakeholders in the energy sector to call on the government to subsidise the production of oil...
New and existing oil projects that exceed $17 per barrel are not sustainable at the current average crude oil price of about $50 per barrel, says the...
Nigerian president-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need...
Refund of the missing $1.48 billion from the account of the Nigerian National Petroleum Corporation (NNPC) has already commenced, Diezani...
Oil prices rose on Wednesday as the Yemen conflict remained a concern despite a global supply glut. Brent crude for...
In 2010, Cote d’Ivoire petitioned the United Nations to complete the demarcation of the Ivorian maritime boundary with Ghana. This...
OPEC says the demand for its oil will rise during 2015 because the cartel is winning its price war against...
Russia’s natural gas exporter is planning $4 billion of additional investments this year to prepare for the start of supplies...
Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at...
Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to...
Corruption has been the bane of the oil and gas sector, particularly state oil company, the Nigerian National Petroleum Corporation...
Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have threatened to withdraw their services if...
The US pumped crude last month at the fastest pace since February 1973, sending March inventories to the highest level...
The shale oil boom that pushed US crude production to the highest level in four decades is grinding to a...