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Africa’s Richest Woman Prepares Deals After Losing Oil Post

Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals.   Dos Santos,...

Magseis Awarded Contract Extension for New OBS Survey in the Red Sea Magseis has together with is partner, BGP, been awarded an extension to the...

Oil trades near $56 after slump as US gasoline stockpiles gain

Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more than expected, offsetting a...

Oil Slips as OPEC Deal Seen Leading to Potential Shale Surge

Oil retreated amid worries that OPEC’s deal to extend production cutbacks may take U.S. shale activity to a whole new level. Futures tumbled as much...

NNPC’s losses drop by 53% on Forcados revamp

The group operational losses of the Nigerian National Petroleum Corporation dropped by 53.1 per cent following the revamp of the Forcados oil terminal and...

Danish Tyra Field Gets $3.3B Cash Boost for Redevelopment

The Tyra gas field in the Danish North Sea is going to receive a significant cash injection. Maersk Oil announced Friday that an investment of...

OPEC’s Declaration of Cooperation

By Ayobami Adedinni The Organization of Petroleum Exporting Countries (OPEC), Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation,...

Marathon Oil Announces $1 Billion Gross Debt Reduction

Marathon Oil Corporation (NYSE: MRO) announced today that it has entered into a transaction to redeem at par the outstanding $1 billion of 5.125...

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