Oil & Gas

Trump’s deal for US access to a fifth of Venezuela’s oil reserves is raising red flags for some producers wary of a businessman’s role, sources say.

KEY POINTS Italian energy giant Eni has rejected reports that it asked Libya to increase natural gas supplies to Italy by 20%, saying the document used to support the claim …

KEY POINTS Petrol prices are edging towards N1,400 per litre in parts of Nigeria following another increase in the ex-depot price of Premium Motor Spirit (PMS) by the Dangote Petroleum …

KEY POINTS Dangote Petroleum Refinery is considering restricting petrol supplies to major oil marketers that continue to import Premium Motor Spirit (PMS) into Nigeria, amid growing concerns over fuel quality, …

KEY POINTS Seplat Energy Chief Executive Officer, Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a top priority, warning that ageing infrastructure, poor …

PetroChina’s first-half net profit jumped 22 percent to 103.94 billion yuan on higher oil prices, even as weak Chinese demand pushed fuel sales lower.

Asia’s diesel exports to Africa are set to hit a four-and-a-half-year high in August as buyers replace falling Middle East supply disrupted by shipping risks.

KEY POINTS Chevron Corp. is in talks to expand its operations in Venezuela as the United States moves to strengthen its involvement in the South American country’s oil industry. The …

KEY POINTS Rwanda has thrown its support behind Dangote Industries’ proposed $17 billion oil refinery in Lamu, Kenya, as East Africa seeks to strengthen its petroleum supply network and reduce …

KEY POINTS Energean is in exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt in a deal that could be worth about $1 billion, according …