U.S. officials told oil executives on Wednesday that Washington will not provide security guarantees for companies operating in Venezuela, even as the Trump administration encourages the industry to re-engage...
The foreign exchange market in Nigeria has been “totally sorted,” with businesses no longer plagued by the difficulties that once characterised access to dollars, Chairman of the United Bank...
Five years after becoming Africa’s first Covid-era debt defaulter, Zambia is seeing a dramatic turnaround in fortunes as major powers vie for access to its vast reserves of copper.Surging...
But beneath that dramatic rise lies a striking reality, after accounting for gold imports, Uganda’s net gain from the trade is only about $200 million. The contrast shows a...
Venezuela’s oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months. “Sales today are over...
ConocoPhillips and its partners will invest some 20 billion Norwegian crowns ($2.11 billion) to restart production at three fields in the Greater Ekofisk area by the end of 2028,...
US bond investors poured another US$4.3 billion of cash into high-grade bond funds in the week ended Wednesday, the eleventh consecutive week of inflows, according to LSEG Lipper, as...
In figures released on Wednesday, the firm said total revenue for the year reached about $44.8 billion, with statutory payments to government agencies and partners totalling roughly $10.9 billion....
The US and Japan are closing in on the first three projects to be funded by Tokyo’s US$550 billion (RM2.15 trillion) investment vehicle, according to people familiar with the...
Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This marks the...