Russia's President Vladimir Putin hosted US Secretary of State Rex Tillerson at the Kremlin on Wednesday but the rival powers failed to bridge a deep gap of trust. In the wake of the meeting Russia...
Gunmen have kidnapped two Turkish nationals from their hotel in southern Nigeria's oil-rich Akwa Ibom state, police said Tuesday in the latest unrest to hit the restive Niger Delta. "Two Turkish...
The new Floating Production Storage and Offloading (FPSO) vessel, John Agyekum Kufuor, has safely arrived in the country’s waters. It is currently being moored on top of wells at the Tano Basin...
Donald Trump's cruise missile strike on a Syrian air base drags Washington deeper into the country's tragedy but does not yet represent a new strategy to oust Bashar al-Assad. The new US president...
The Ministry of Energy and the National Petroleum Authority have commended Ghana Oil Company (GOIL) for its commitment in promoting local content in the oil and gas sector. The commendations were...
David Rockefeller, a former head of Chase Manhattan bank and luminary in political and philanthropic circles, died Monday at the age of 101, a spokesman said. He died in his sleep due to congestive...
Nigeria's government this week launched a master plan to lift it out of recession, hoping to hit 7.0 percent growth by 2020, but economists believe the programme sets the bar too high. The detailed...
Russia's foreign minister on Thursday pushed an "inclusive national dialogue" in Libya at talks with its UN-backed premier that came after his key rival sought to boost ties with Moscow. "We are...
Exxon Mobil cut its proved oil reserves by three billion barrels to 20 billion barrels at the end of 2016, the company announced Wednesday. "As a result of very low prices during 2016, certain...
A G20 gathering in Bonn was supposed to herald onto the world stage Washington's new top diplomat, Rex Tillerson, but instead he kept a low profile and even left without the normally de rigueur press...
Oil giant Tullow has announced it will not be paying its shareholders dividends. According to Tullow, it took the decision following current financial constraints it is facing. Tullow which is listed...
Tullow Oil has cut down its 2017 oil projection from Ghana’s Jubilee oilfields by 5200 barrels. The figure has dropped from 73,700 barrels in 2016 to 68,500 barrels. This was contained in the...
The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from...
Ghana's senior national team, the Black Stars will receive US$ 1.5 million for finishing fourth at the just ended 2017 Africa Cup of Nations in Gabon. Avram Grant's side were defeated 1-0 by Burkina...
Welcome to Day 2 of President-elect Donald Trump's Cabinet hearings, which will feature more scrutiny for Jeff Sessions and former Exxon CEO Rex Tillerson's day in the hot seat. All of that could be...
The former Exxon chairman and chief executive chosen by Donald Trump for US secretary of state will receive $180m to cut financial ties with the firm. The arrangement will mean Rex Tillerson meets...
A leading US Republican says she fears for the future of her seven grandchildren with Donald Trump in the White House. Christine Todd Whitman, head of the US Environmental Protection Agency (EPA)...
U. S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing...
The Lagos headquarters of U. S. oil major, ExxonMobil has been shut down, following a standoff with blue-collar oil unions over the sacking of 150 ExxonMobil workers. Members of the Petroleum and...
Rex Tillerson will retire next month after 41 years with the company Global oil giant ExxonMobil on Wednesday named company President Darren Woods as CEO to replace Rex Tillerson, President-elect...
