The United Nations says Nigeria lost an estimated $2.8 billion in revenue in 2018, mainly due…
Tag: oil
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…
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…
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 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…
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…
Invictus says not discovered oil, gas deposits in Zimbabwe
Australia’s Invictus Energy on Friday said it had not found oil and gas deposits in northern…
Angola targets 1.57 mbd oil production in 2019
Angola’s oil production, Africa’s second largest, is set to rise to 1.57 million barrels per…
NSCDC arrests 11 over oil bunkering in Abia
The Nigerian Security and Civil Defence Corps (NSCDC) Abia State Command has arrested 11 persons for…
Oil jumps ahead of U.S. sanctions on Iran
Crude oil prices on Wednesday jumped more than 1 percent as markets braced for the imposition…
Nigeria earned $1.1tr from oil in 28 years
Nigeria made over $1.1 trillion from oil in 28 years, Vice President Yemi Osinbajo, said at…
Iraq to continue with planned oil, gas capacity boost
Iraq will proceed with plans to increase oil and gas production capacity, Oil Minister, Thamer Ghadhban…