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U.S. Energy Secretary Chris Wright embarks on Middle East tour

U.S. Energy Secretary Chris Wright. Image: official portrait U.S. Energy Secretary Chris Wright will tomorrow begin a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as […]

Oil suffers biggest 5-day drop since 2022

*Falling oil prices. – Metals plunge as trade war escalates Singapore — Oil prices fell to a four-year low on Wednesday in its worst five-day losing streak in three years, while several commodities, including base […]

AIQ, Gulf Energy Information Collaborate to Further Enrich ENERGYai With Industry Intelligence

The collaboration will bolster ENERGYai’s AI-powered agents and LLM with deep industry insights. Gulf Energy to provide AIQ with exclusive access to its proprietary datasets, and industry-leading documents ENERGYai is already trained on […]

Oil remains vulnerable to tariffs and weak demand

*Global oil flow. Lagos — Crude oil futures could remain under pressure following a volatile session on Monday. Prices experienced a sharp decline during the last few sessions due to concerns over the potential impact […]

‘Sabotage of oil pipeline an assault on national stability’

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has condemned the recent sabotage of the 18inch Tepidaba-Brass pipeline operated by Oando Plc in Bayelsa State, […]

News

TGS awarded OBN 3D contract offshore Trinidad

TGS, a leading provider of energy data and intelligence, is pleased to announce the award of a shallow water ocean bottom node (OBN) acquisition contract in Trinidad. The 3D baseline contract is scheduled […]

Two Liebherr cranes chosen for FPSO new build, offshore Angola

Liebherr has successfully sold two offshore cranes of the type RL 2600 (Ram Luffing 2600) and RL-K 2600 (Ram Luffing knuckle boom 2600) to Singapore-based Yinson Production. The cranes will support the Agogo FPSO (Floating […]

Nigerian troops arrest dozens in week-long oil theft crackdown

*Personnel of the OPDS inspecting impounded boats suspected of involvement in crude oil theft Abuja — Nigerian troops arrested 43 suspected oil thieves and seized more than 254,000 litres of stolen fuel in a series […]

Shell lowers first-quarter LNG production outlook

*Shell LNG Marketing & Trading London — Shell has lowered its outlook for liquefied natural gas (LNG) production in the first months of 2025. The fossil fuel giant said LNG production reached between 6.4 million […]

OPEC+ committee reiterates need for oil output quota compliance

(Bloomberg) – Key OPEC+ nations reiterated the need for members to stick to oil output quotas after the group’s surprise decision to speed up an output revival battered crude prices. The Joint Ministerial […]