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Gibraltar detains oil supertanker heading to Syria

Gibraltar detains oil supertanker heading to Syria

Gibraltar said on Thursday it had detained the supertanker Grace 1 on suspicion of carrying crude oil to Syria in what a legal source said may be the first such...

Oil rises towards $65 on fears of U.S. attack on Iran

Oil rises towards $65 on fears of U.S. attack on Iran

Oil prices rallied towards 65 dollars per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20...

Navy arrest, handover 6 oil thieves for prosecution

Ghanaian, 8 Beninoise caught stealing oil in Lagos

A Ghanaian and 8 Beninoise has been arrested for alleged theft of Petrol Motor Spirit (PMS) along Atlas Cove in Lagos State. Commodore Ibrahim Shettima, Commander of the...

Drone

Saudi shuts major oil pipeline after drone attacks

Drone attacks claimed by Iran-aligned Yemen rebels shut down one of Saudi Arabia’s major oil pipelines on Tuesday, further ratcheting up Gulf tensions after the...

France battles oil slick from sunken Grande America

France moves to contain sunken Grande America oil slick 

French authorities on Thursday battled to contain an oil slick after the Grimaldi ship, Grande America, which caught fire and sank off the coast of France on Tuesday. ...

Oil prices dip as U.S stockpiles increase

Uganda awaits pipeline, refinery construction to begin oil production

Uganda’s Energy Minister, Irene Mulonion, on Wednesday, said until the landlocked country builds a crude export pipeline and refinery, production of oil will be...

UN: Nigeria lost $2.8bn to oil-related crimes in 2018 

UN: Nigeria lost $2.8bn to oil-related crimes in 2018 

The United Nations says Nigeria lost an estimated $2.8 billion in revenue in 2018, mainly due to oil-related crimes. This is according to a new report by the...

Hong Kong: Oil tanker fire kills one, 23 crew members rescued

Hong Kong: Oil tanker fire kills one, 23 crew members rescued

One person was killed, while 23 were rescued when an oil and chemical tanker caught fire off Hong Kong’s Lamma Island on Tuesday, the police said. The 17,000-tonne...

Ecuador to probe ex-president over $4.9bn oil projects

Ecuador to probe ex-president over $4.9bn oil projects

Ecuador’s President, Lenin Moreno, citing massive cost overruns, operational failings and non-transparent bidding in $4.9 billion of oil-related infrastructure...

Batumi oil shipments dip 49% in 11 months

Batumi port’s oil shipments dip 51% in 2018

The 51.2 percent drop in oil and its related shipments from Georgia’s Black Sea port of Batumi in 2018 from a year earlier has been partly attributed to...

Batumi oil shipments dip 49% in 11 months

Batumi oil shipments dip 49% in 11 months

Georgia’s Black Sea port of Batumi oil and related oil shipments fell 48.6 percent in the first eleven months of 2018 from a year earlier, an official said on Tuesday....

Equatorial Guinea's oil, gas sector gets $2.4bn investments

Equatorial Guinea’s oil, gas sector gets $2.4bn investments

Equatorial Guinea’s energy industry has secured $2.4 billion of new investment from U.S. firms with 11 wells expected to be drilled from next year. An oil ministry...

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