Energy
FG grants Green Energy approval to construct million barrel onshore terminal
The Department of Petroleum Resources, DPR, has given approval to Green Energy International Limited, GEIL, operator of the Otakikpo marginal…
Oil falls after Trump presses OPEC on Iranian sanctions
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying after President Donald Trump demanded…
Saudi’s Falih sees no need for swift output action after Iran oil waivers end
Saudi Arabia’s energy minister said on Wednesday he saw no need to raise oil output immediately after the United States…
ConocoPhillips exits UK oil and gas production in huge $2.7 billion North Sea sale
ConocoPhillips agrees to sell UK subsidiaries for $2.675 billion to Chrysaor E&P, a company focused on producing oil and gas…
Aramco plans to buy Shell’s stake in Saudi refining JV: sources
Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between…
OPEC may raise oil output if prices increase, shortages mount: sources
OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending…
