Gazprom says 50% dividend payout ratio seen in 2-3 years

Gazprom says 50% dividend payout ratio seen in 2-3 years. Russian state gas producer Gazprom said on Thursday its dividend More »

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam. Zimbabwe’s largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks More »

Investor Icahn sues Occidental Petroleum over ‘misguided’ Anadarko deal

Investor Icahn sues Occidental Petroleum over 'misguided' Anadarko deal. Activist investor Carl Icahn, who has built a $1.6 billion position More »

Zimbabwe’s Kariba hydro plant may suspend operations if water levels stay low -minister

Zimbabwe's Kariba hydro plant may suspend operations if water levels stay low -minister.Zimbabwe’s largest hydropower plant More »

IPMAN urges the Buhari govt to encourage local refiners

OpeOluwani Akintayo Lagos — The Independent Petroleum Marketers Association of Nigeria, IPMAN, has urged the Federal Government to encouraged local refiners to boost local refining of crude oil in the country. Mr. Chinedu Okoronkwo, the National President of IPMAN made the appeal in Lagos on Wednesday. Okoronkwo said this became imperative for President Buhari to […] More »

Exxon trades European gasoline on Argus pricing for first time

Exxon trades European gasoline on Argus pricing for first time. Energy giant ExxonMobil traded two Ebob gasoline barges based on Argus pricing on Wednesday More »

MoniPulo empowers A/Ibom communities with startup items

Mkpoikana Udoma Port Harcourt — As part of its corporate social responsibility, Moni Pulo Petroleum Development Limited has empowered its host communities of Effiat and Mbo, in Mbo Local Government Area of Akwa Ibom State, with entrepreneurial startup items and cash donations worth over N10 million. The items include 40 motorcycles, 40 laptops, and printers, […] More »