FNB Namibia economist Helena Mboti speaks to Observer Money about Shell's recent announcement that it will write down approximately US$400 million...

Despite Shell’s recent announcement to write down US$400 million in PEL 39 from its operation in Namibia, other companies involved in the offshore...

British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700...

British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700...

Canada's retail and agriculture sector have been dealt another blow, with news Peavey Mart plans to close all of its Canadian locations.As per a post...

AOIFF completes a transaction with Eco (Atlantic) Oil & Gas to raise its stake in Block 3B/4B in the Orange Basin offshore South Africa to 18%.

Canadian mining giant Barrick Gold has indicated it may suspend operations at its Loulo-Gounkoto mines in Mali after the government seized...

Africa Oil Corp has announced an increase in the group’s direct interest in Block 3B/4B, offshore South Africa, to 18.0%. This block lies to the...

Last week, Russia's seaborne oil exports experienced their steepest decline since November, following sweeping sanctions imposed by former U.S....