AFRICANGLOBE - China Petroleum and Chemical Corporation (Sinopec) has signed a preliminary deal to buy stakes in Nigerian onshore oil blocks from French oil major, Total for about $2.4 billion, according to reports , citing unnamed sources familiar with the deal.
AFRICANGLOBE - Three international oil companies (IOCs) - Shell, Total and Eni (Agip) - have raked in $2.569 billion (N411.04 billion) from the sale...
Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, late Wednesday threw more light on why the Nigerian Government is proposing a review of the...
Nigeria's crude output is expected to rise yet again to 2.4 million barrel-per-day, as Shell Nigeria Exploration and Production Company (SNEPCo) resumed production at...
Though the international sanctions placed on Iranian crude oil export do not take effect until July 1, 2012, the International Energy Agency (IEA) has...
After nearly five years of expectations, Nigeria's Federal Government will finally hold an oil licensing bid round this year, Director of Department of Petroleum...
Anglo-Dutch Shell, said yesterday, that Nigeria was losing N2.9 billion daily to oil theft.
Regional Executive Vice President, Sub-Sahara Africa, Shell Upstream, Mr. Ian Craig,...