Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said this week...
4 Aug 2017
LAGOS, Nigeria: Corruption watchdogs alleged on Monday that Shell executives knew that money earmarked for a controversial oil deal was being used to bribe senior Nigerian officials, a claim rebuffed by the petroleum giant...
12 Apr 2017
Nigeria and South Africa rely heavily on imported raw materials for automotive lubricants. However, the volatility of oil prices and the devaluating currencies...
31 Oct 2016
PARIS, FRANCE: French oil giant Total says it will start work on an oil field off the coast of Nigeria, in a rare expansion by a multinational company. Other companies are increasingly parting with assets in Africa's biggest crude producer.
24 Jun 2013
Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June)
20 Jun 2013
ABIDJAN COTE D'IVOIRE: A French tanker has been hijacked by pirates off Ivory Coast, port authority officials in the economic capital Abidjan confirmed on Monday (4 February).
5 Feb 2013
LAGOS, NIGERIA: A probe alleging Nigeria has lost out on tens of billions of dollars in recent years through questionable practices in Africa's biggest oil-and-gas industry has stirred controversy and calls for action.
26 Nov 2012
Nigerian indigenous petroleum exploration and development firm, SEPLAT Petroleum Development Company Limited has unveiled its plans to celebrate this year's World Environment Day, which takes place annually on 5 June.
5 Jun 2012