– Project revival helps reverse oil majors’ exit from Iraq– Shareholding structure was a major sticking point– QatarEnergy also to take up a stake in project Baghdad — Baghdad has reached an agreement to hold […]
*A street money changer counts South African Rands in Harare, Zimbabwe, File. REUTERS/Philimon Bulawayo Johannesburg — The South African rand slipped in early trade on Monday as the dollar firmed following a decision by major […]
*Fuel imports Ike Amos Dublin, Ireland — Nigeria continues to reel under the hardship brought upon its economy and citizens as a result of its failure to fix its non-functioning refineries, as the country spent […]
*NSCDC-Commandant Ahmed Abubakar Audi – threatens legal action Mkpoikana Udoma Port Harcourt — The Senior Staff Association of Electricity and Allied Companies, SSAEAC has petitioned the Commandant General of the Nigerian Security and Civil Defence […]
*BP. News wire — BP Plc said it would provide the drivers of Uber Technologies Inc incentives on its electric charging hubs under a new deal announced on Friday. Uber and BP would initially collaborate […]
*KRG pipeline News wire – An international arbitration ruling on March 23 prompted the shutdown of Iraq’s northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel. Iraq, OPEC’s second-largest oil […]
A survey of 45 economists and analysts forecast benchmark Brent crude would average $86.49 a barrel this year, down from February’s estimate of $89.23. Brent is currently trading around $80, having been dragged to 15-month […]
News wire — Global commodities trader Vitol posted a record net profit of almost $15 billion in 2022, reaping the benefits of the energy crisis and leaving behind its competitors, the Financial Times reported on […]
*Crude oil export vessel London — In 2022, U.S. crude oil exports averaged 3.6 MMbpd, a record high according to export data that has been collected since 1920. U.S. crude oil exports in 2022 were […]
N’jamena — Chad’s parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy from ExxonMobil’s affiliate, Esso Exploration and Production Chad. In December, ExxonMobil closed the sale of […]
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