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Oil prices dive again after producers fail to agree

Oil prices have steeply dropped towards $40 after a deal to freeze oil output by the world's biggest oil producers fell apart.

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Eni to invest 20bn Euros in Africa in next years

18 April 2016, Paris – Italy’s Eni plans to invest about 20 billion euros ($22.52 billion) in Africa over the next four years, mostly in oil and gas, the company’s Chief Executive Officer Claudio Descalzi said on Friday.

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Nigeria has little to show for oil boom – Buhari

President Muhammadu Buhari has said Nigeria has little to show for the huge resources it made from oil in the past 16 years.

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Shell Nigeria deal probed in Italy

Italian prosecutors are investigating Royal Dutch Shell as part of a probe into the acquisition of a Nigerian oil field, the firm has said.

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Shell Nigeria deal probed in Italy

 

Italian prosecutors are investigating Royal Dutch Shell as part of a probe into the acquisition of a Nigerian oil field, the firm has said.

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Tullow To Add 80,000 bpd To Global Production In Ghana

 

Irish explorer Tullow Oil says that when it launches production this summer at its Tweneboa, Enyenra and Ntomme (TEN) fields in Ghana, it will add some 80,000 barrels per day to the country’s oil production at a time when the world is suffering from a supply glut.

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$200m Halliburton bribe fines paid directly into CBN — Lawyers

 

16 February 2016, Lagos – The over $200 million fines paid by five multinational firms which were implicated in the Halliburton bribery scandal, were paid directly into the Central Bank of Nigeria and not into the accounts of the Nigerian lawyers, who prosecuted the case.

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Oil rises toward $31 as Russia floats idea of supply cut

 

10 February 2016, London — Oil rose toward $31 a barrel on Wednesday after four days of declines, supported by the prospect of OPEC and rival producers cooperating to tackle a supply glut that has sent prices to a 12-year low.

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Is the OPEC era over? (part 1)

 

It has been over a year since the downtrend in oil prices began, making it one of the longest on record. Not only has the flat price of oil declined by close to US$50/bbl, but many of the various spread relationships for both crude and refined products have also changed.

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Ghana 1000 misses 2015 FID, but on track for 2018 startup

 

The Endeavor Energy-led Ghana 1000 power project will not make FID as planned before the end of the year. But the partners are negotiating a gas sales agreement with the government and still plan to start construction on the 1.3 GW project in 2016.

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U.S. on verge of lifting 40-year oil export ban

 

17 December 2015, Washington – The United States appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices.

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Dubai to spend billions on clean energy push - government

 

Nov 28 Dubai will spend billions of dollars on generating clean energy, the government said on Saturday, aiming to have solar panels installed on the roofs of all buildings by 2030.

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Hillary Clinton Agrees: We Need a 100 Percent Clean Energy Future

 

Recently, at a town hall meeting in New Hampshire, Hillary Clinton took a pretty game-changing stand on climate change. She threw her support behind a

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