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Nigeria Plans to Increase Crude Oil Capacity to 4m bpd

An oil installation belonging to Shell Petroleum Development Company in Odidi, Niger Delta area of Nigeria (AP / George Osodi) Nigeria, Africa’s largest oil producer plans to increase crude oil production to 4 million barrels per day by 2020 said … Continue reading →

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Kenya risks oil conflict if wealth not shared: minister
The Himalayan

2012-05-03

Added At: 2012-05-03 12:19 PM Last Updated At: 2012-05-03 12:19 PM...

Oil hovers above $105 ahead of key US jobs figures
The Boston Globe

2012-05-03

SINGAPORE-Oil prices hovered above $105 a barrel Thursday in Asia as investors awaited key U.S. employment data for clues about the strength of the economy and crude demand. Benchmark oil for June...

BLM puts off North Fork oil, gas leasing
Grand Junction Sentinel

2012-05-03

Months of community activism in the North Fork Valley achieved at least a short-term victory Wednesday when the Bureau of Land Management said it is...

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Water can also float on oil: scientists
Indian Express

2012-05-01

Can water float on oil? Yes, says a new study defying conventional wisdom which researchers say could have important applications in cleaning up oil spills that often endanger seashores and fisheries....

"UK agents leading Sudan oil war plot "? Unconfirmed Report
GlobalResearch

2012-04-30

British Foreign Secretary William Hague said on the 2nd day of South Sudans formation that he hopes it joins the British Commonwealth. Britain seems to have expanded its role in South Sudan from an...

Russia warns EU Iran oil embargo will be costly
The Star

2012-04-28

MOSCOW (Reuters) - Russia pressed its case against new sanctions over Iran's nuclear programme on Friday, saying an European Union ban on purchasing Iranian oil would end up hurting the bloc's member...

Knox gasoline prices edge lower, oil drops
Knox News

2012-04-27

Just in time for weekend driving, Knoxville area gasoline prices edged lower on Friday. The average price for a gallon of regular unleaded in metropolitan Knoxville fell four-tenths of a cent...

Argentina Senate backs YPF oil nationalisation
BBC News

2012-04-26

Argentina's Senate has approve the controversial decision to nationalisation of the oil company YPF. The plan to strip the Spanish firm Repsol of its controlling stake in YPF was announced last...

Rosneft, Eni to jointly explore oil-rich Arctic
US News

2012-04-25

MOSCOW (AP) — Rosneft, Russia's largest oil producer, and Italy's Eni have signed a deal to jointly explore for oil and gas in Russia's Arctic. The two companies signed the agreement on...

Oil prices mixed; gasoline lower than a year ago
Herald Tribune

2012-04-24

NEW YORK - Oil prices are mixed as investors weigh strong U.S. corporate earnings with ongoing concern about European debt. Benchmark U.S. crude rose Tuesday by 56 cents to $103.67 per barrel in New...