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Putin hosts Iraqi PM in Kremlin, hails cooperation in OPEC+

*Russian President Vladimir Putin (right) hosts Iraqi Prime Minister Mohammed Shia Al-Sudani (Photo: Reuters) Moscow — Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia Al-Sudani in the Kremlin on Tuesday and praised cooperation […]

Nigeria needs $25bn annually to achieve 4mb/d oil output

*Austin Avuru – 3bcf/d domestic gas production Oritsegbubemi Omatseyin Lagos — The Executive Chairman of AA Holdings, Austin Avuru has stated that a reconstructed energy transition agenda and an annual investment of about $25 billion […]

Goldman Sachs sees no immediate impact on oil inventories from Israel attacks

*Goldman Sachs. News wire — Goldman Sachs does not see any immediate major effect on near-term oil market inventories from the attacks in Israel over the weekend, it said in a note. It added, however, […]

‘Angola mulls slowing fuel subsidy removal after protests’

*Angolan Finance Minister Vera Daves De Sousa speaks during an interview with Reuters at the annual meeting of the International Monetary Fund and the World Bank, in Marrakech, Morocco October 9, 2023. REUTERS/Susana Vera Marrakech, […]

Ekpo recommits govt to favourable fiscal, gas operating environment

Michael James Abu Dhabi, UAE — Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has reiterated the commitment of the Federal Government to creating an enabling operational and fiscal environment to support investments in […]

IPMAN backs privatization of Nigeria’s four refineries

*NNPC refinery, Port Harcourt Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN has thrown its weight behind the call for the privatization of the nation’s four refineries, for efficiency and […]

‘US drillers cut oil & gas rigs for third week in a row’

*US weekly offshore rig count. London/Dubai — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since early […]

‘OPEC raises oil demand view in long-term outlook’

London/Dubai — OPEC has raised its medium- and long-term oil demand outlook in a forthcoming report, three OPEC sources said, despite the transition toward renewable energy, highlighting the oil exporting group’s more bullish view compared […]

FG issues gas supply licence to Ohuru Trading Limited

*L-R: Minister of State for Petroleum Resources Gas, Honourable Ekperikpe Ekpo, Chief Commercial Officer of Uhuru Trading Company, Mariah Lucciano-Gabriel and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed during the award of the first […]

News

Indian Oil Corp seeks three LNG cargoes for Oct-Nov delivery

London — Indian Oil Corp (IOC) (IOC.NS) has issued a tender seeking three cargoes of liquefied natural gas (LNG) to be delivered between October and November, said two industry sources. IOC is seeking one cargo […]