Posts Tagged ‘oil’

Friday Oil Price Settles at Just Around $40 – Return to $1 gas?

Written on December 6th, 2008 by
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Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a gallon.....On Friday,... Read More | Share

20bn barrel oil discovery puts Cuba in the big league

Written on October 21st, 2008 by
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Mother nature, it emerged this week, appears to have blessed the island with enough oil reserves to vault it into the ranks of energy powers. The government announced there may be more than 20bn barrels of recoverable oil in offshore fields in Cuba's... Read More | Share

Oil futures hits $1000

Written on January 2nd, 2008 by
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Crude Oil Futures are quoted in dollars and cents per barrel.Read More: Read More | Share

Energy, Oil and Gas

Written on November 27th, 2007 by
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One thing that has actually indicated that the crisis in the Niger Delta is no longer a low level insurgence is the plan by Royal Dutch Shell, the parent Company of Shell Companies in Nigeria, to begin divesting from some of its offshore interests in... Read More | Share

Nigeria loses ground in OPEC in face of unrest

Written on September 30th, 2007 by
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PARIS (AFP)... Read More | Share

Nigeria a legal trouble spot for oil service firms

Written on September 1st, 2007 by
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HOUSTON, Aug 26 (Reuters) - Operating in oil-rich Nigeria has always been a challenge for energy-service companies, but new bribery probes by U.S. authorities are raising legal and financial risks that may force them to leave the country.Read... Read More | Share

Oil eases from 11-month high; eyes Nigeria, N.Sea

Written on July 10th, 2007 by
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SINGAPORE (Reuters) - Brent crude oil eased on Tuesday after a seven-day rally lifted prices to their highest in 11 months, but losses were limited by fears of further violence in No. 8 exporter Nigeria and looming North Sea maintenance. London Brent... Read More | Share

Army recaptures Nigerian oil base

Written on June 21st, 2007 by
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Nigeria's army has recaptured an oil platform occupied by militants since Sunday after a gun battle, it says.Read More: Read More | Share

Huge oilfield discovered in Ghana

Written on June 18th, 2007 by
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UK firm Tullow Oil has announced the discovery of 600 million barrels of light oil offshore from Ghana.Read More: Read More | Share

Oil Workers May Commence Strike Thursday

Written on May 19th, 2007 by
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All workers of the Nigerian National Petroleum Corporation (NNPC) and its affiliates have been directed to, come to work on Monday clad in red outfits as a way of expressing their angst over the sale of the Port Harcourt and Kaduna Refineries as... Read More | Share

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