Oil company Chevron says it selling a 40% stake in its oil interests and are encouraging smaller operators to grow in the oil market. Read more »
The Sudanese government and rebels have traded accusations following an explosion at one of the petroleum pipelines in the disputed region of Abyei bordering South Sudan. Read more »
According to the ambassador of South Sudan to Uganda, Juba has no intention of confronting Sudan but neither will it stand by and watch Khartoum destabilize the country. Read more »
President Omar Hassan Al-Bashir has threatened to have the pipeline carrying crude oil from South Sudan to Port Sudan blocked, over Juba's alleged support of Sudanese rebels. Read more »
A Brazilian energy firm has announced the first discovery of oil off the coast of Namibia although not in commercial volumes. Read more »
The Joint Task Force in the Niger Delta has raised alarm over the activities of the communities shielding crude oil thieves in the region. Read more »
Consumer Unit Trust has castigated the recent increase in fuel prices in the country, saying it goes against market forces. Read more »
South African can breathe a sigh of relief as the petrol price is expected to decrease by at 73 cents a litre. The energy department says the drop is owed to the average ... Read more »
Northern states governors have expressed regret that President Goodluck Jonathan has not punished those who allegedly stole the country's oil money, warning that the situation ... Read more »
Victims of tanker fire disaster are demanding compensation from the corporate owner of the tanker (Fatgbems Oil) which effect led to their massive losses. Read more »
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