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Fuel queue. 26 April 2015, Accra - IMANI, a leading policy think tank in Ghana says the Mahama-led government has secretly re-introduced fuel subsidies on the downstream petroleum sector, contrary to the International Monetary Fund, IMF, advice. “Fuel Subsidies are back, quietly at $3m a week and could...

Nigeria House of Representatives. 25 April 2015, Abuja - The House of Representatives yesterday approved N4.493 trillion as 2015 budget with an increase...

Russia’s offshore Arctic drilling. 25 April 2015, Moscow - Gazprom Neft, the oil arm of Russia’s top natural gas producer Gazprom, plans to...

NNPC Towers 25 April 2015, Lagos - Amidst the growing challenge of dwindling crude oil prices faced by the global oil and gas industry, the NNPC has offered...

US rig count declines 24 April 2015 - The fall in U.S. rigs drilling for oil quickened a bit this week, data showed on Friday, suggesting a recent slowdown...

oil-price-drop 24 April 2015 - Oil prices on Friday edged back from 2015-highs reached the session before, but remain on course for weekly gains after...

Kunle Kalejaye 25 April 2015, Sweetcrude, Lagos – Strong indications have emerged that the current fuel scarcity in many parts of Nigeria may worsen...

Kunle Kalejaye 25 April 2015, Sweetcrude, Lagos – The Nigerian National Petroleum Corporation, NNPC; Petroleum Technology Association of Nigeria,...

24 April 015, Abuja – The House of Representatives clarified on Friday that it approved N145bn for fuel subsidy in the 2015 budget. It said N100bn...

Shell has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the state-run oil...