Schlumberger reported an unexpected loss and cut more jobs as cheap crude has pushed a recovery in the oilfield services market out further than expected. After firing 8,000 in the
Tag "oil"
Oil prices were on the rise across the international market as ExxonMobil announced the suspension of exports from the Qua Ibo crude oil terminal on Friday. West Texas Intermediate crude
Angola is again the largest producer of crude oil in Africa, as militant activities continue to cripple Nigeria’s crude oil production. According to the Organisation of Petroleum Exporting Countries (OPEC),
Ibe Kachikwu, minister of state for petroleum resources, has assured oil workers that all the issues they have raised would be addressed to ensure sanity in the industry. Kachikwu said
Niger Delta Avengers’ (NDA) attacks between Friday and Sunday have pushed global crude oil prices more than 1.3 percent higher
With a cost of production of $28.99, Nigeria is now the third most expensive country to produce oil in the
The Organisation of the Petroleum Exporting Countries (OPEC) failed to reach a consensus on oil output strategy leaving oil prices
Mohammed Barkindo, former group managing director of the Nigerian National Petroleum Corporation (NNPC), emerged secretary general of the Organisation of
Oil traded 1 percent lower at around $49 per barrel on market pessimism over whether OPEC could cut a meaningful
Ahead of the the federal government’s clean up of Ogoniland, Amnesty International has asked Shell Petroleum Development Company (SPDC) to
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