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Oil extends decline as US presses for Russia-Ukraine peace deal

Brent crude futures dropped by $1, or around 1.6%, to $39 a barrel by 1417 GMT. U.S. West Texas Intermediate crude was down around 1.9%, or $1.10, at $57.90. Both contracts are set to register […]

Exxon lifts force majeure on LNG project in Mozambique

The company paused work after French oil major TotalEnergies also declared force majeure on its separate LNG project in 2021 due to security concerns in the southern African country. Exxon and TotalEnergies’ projects share some […]

Heirs Energies CFO named Africa CFO of the year

*Nwanze O. Samuel Oritsegbubemi Omatseyin Lagos — The Executive Director & Chief Financial Officer, CFO, of Heirs Energies and Chief Investment Officer of Heirs Holdings Group, Nwanze O. Samuel (Sam), has been named Africa CFO […]

EU plans Russian gas exit, ministers to convene in Paris

*European Union – To chart Africa’s export potential Paris, France — In the wake of seismic shifts in the European energy landscape, the Invest in African Energy (IAE) 2026 Forum in Paris will host a […]

Heirs Energies’ CFO named Africa CFO of the year

*Nwanze O. Samuel, Executive Director & Chief Financial Officer, Heirs Energies Oritsegbubemi Omatseyin Lagos — The Executive Director & Chief Financial Officer, CFO, of Heirs Energies and Chief Investment Officer of Heirs Holdings Group, Nwanze […]

Nigeria to build 500 CNG refuelling stations in 3 years

*CNG refuelling station Oritsegbubemi Omatseyin Lagos — Nigeria’s Midstream and Downstream Gas Infrastructure Fund, , has concluded discussions with leading Chinese manufacturer Endurance Group to make available 500 CNG refuelling stations across Nigeria for the […]

NUPRC sets December 1 for 2025 Licensing Round

…Moves to tackle funding gaps in upstream sector Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced that the 2025 Licensing Round will officially commence on December 1, 2025, marking a […]

Oil falls after loadings resume at key Russian export hub

*Global oil flow. – Russia’s Novorossiysk port resumed oil loadings on Sunday– Trump said Republicans preparing legislation to sanction countries doing business with Russia– Speculators increased ICE Brent net longs amid sanctions-related supply risks Tokyo/Beijing […]

NUPRC moves to cut costly legal delays in oil sector with ADR

*Gbenga Komolafe, NUPRC Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, says its Alternative Dispute Resolution Centre, ADRC, is now a key pillar in reducing operational delays and cutting millions of […]

What Nigeria can learn from global gas superpowers

*Nigeria’s gas pipeline infrastructure. Oghenekevwe Ovbije & Obiageri Amaliri Houston, TX — While Nigeria continues to declare natural gas its transition fuel of choice, the gap between ambition and execution grows wider each year. With […]