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Nigeria signs deepwater oil contract with TotalEnergies

Nigeria, Africa’s largest oil producer, is seeking to revitalize its upstream sector amid global energy transition pressures and declining investment in fossil fuels. The deal covers petroleum prospecting licences 2000 and 2001, awarded during the […]

Nigeria’s gas output climbs to 7.59Bscf/d as flaring drops to three-year low

*Gas pipeline infrastructure. Mkpoikana Udoma Port Harcourt — Nigeria’s gas sector has recorded a major breakthrough as daily production rose to 7.59 billion standard cubic feet in July 2025, while gas flaring fell to its […]

Nigeria grows gas output by 4.72% in one month

*NLNG-Train-7 Michael Eboh Dublin, Ireland — Nigeria’s gas output grew by 4.72 per cent to 194.179 billion standard cubic feet (SCF) in July 2025, compared with 185.432 billion SCF (BSCF) recorded in the previous month, […]

Nigeria oil, gas sector record $0.12m foreign investment inflow

Michael Eboh Dublin, Ireland — Foreign capital inflow into the Nigerian oil and gas industry stood at $120,000 ($0.12 million) in the first quarter of 2025, unchanged from the same amount recorded in the fourth […]

Kazakhstan plans to invest chunk of oil wealth into AI infrastructure

(Bloomberg) – Kazakhstan is preparing to channel some of its national wealth into artificial intelligence infrastructure, joining a global rush where venture capital firms and energy-rich states are betting billions on the sector despite volatility […]

Texas regulator applauds report of 50% reduction in methane intensity

Texas Railroad Commission Chairman Wayne Christian Texas Railroad Commission Chairman Wayne Christian on Friday praised a new report showing that operators in the Permian basin have reduced methane intensity by 50 percent since […]

Former CNOOC top executive appointed as CNPC president

Top executives of China’s national oil majors have in recent years rotated their positions among themselves. Last month, Hou Qijun, former president of CNPC, was appointed as the new chairman of Sinopec. Reporting by Chen […]

News

Wood sells North America T&D business for $110 million

Wood has entered into an agreement to sell its North American Transmission & Distribution engineering business (North America T&D) to Qualus. North America T&D is a provider of comprehensive power infrastructure engineering for […]

Oil prices fall with expected weaker demand, possible peace deal

West Texas Intermediate crude futures were 56 cents, or 0.87%, lower at $64.04. The market was in part shifting its focus toward next week’s OPEC+ meeting, said Tamas Varga, analyst at PVM Oil Associates. Crude […]

NNPC, gas suppliers sign 1.29bscf/d Feedgas GSAs with NLNG

*NNPC, gas suppliers sign 1.29bscf/d Feedgas GSAs. Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, and several upstream gas suppliers have signed long-term Gas Supply Agreements, GSAs, with the Nigeria Liquefied Natural […]