Shell’s net profit surges to $4.087bn in Q3

Royal Dutch Shell said Thursday that net profit almost tripled to more than $4.0 billion in…

Libyan coast guard intercepts nearly 300 migrants east of Tripoli

Libya’s coastguard intercepted 299 migrants from sub-Saharan African countries on two rubber boats east of Tripoli…

Cargo ship sinks with 10 Turkish crew in Black Sea

A cargo ship sank in the Black Sea off Istanbul on Wednesday and a search and…

Italy judge expected to rule on Eni, Shell indictment over Nigeria on Dec. 20 – Source

An Italian judge is expected to decide on December 20 whether to send oil majors Eni…

South Africa’s trade surplus narrows in September as exports fall

South Africa’s trade surplus eased to 4 billion rand ($283 million) in September from a revised…

Chad wants to cut off Glencore’s oil supplies in debt row

Chad is on a collision course with top creditor Glencore as it wants to divert oil…

Buhari fires Oke, Babachir, appoints new SGF

President Muhammadu Buhari has terminated the appointment of the suspended Secretary to the Government of the…

Plane carrying 122 people diverted after threat call in India

India’s Civil Aviation Minister, Ashok Gajapathi Raju, on Monday asked all airlines to ban the hoax…

Mexico and Indonesia could be next up for Eni’s asset sales

Italian oil major Eni could sell stakes in its oil and gas fields in Mexico and…

ExxonMobil’s Q3 earnings rise to $4 bn

Higher oil prices significantly boosted ExxonMobil’s third-quarter earnings, more than offsetting the hit to operations from…

Russian helicopter crashes at sea in Arctic

A Russian helicopter with eight people on board crashed at sea in Norway’s Svalbard archipelago in…

Nigeria’s gasoline price cap hurting industry, costing economy

Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government…