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Nigeria defies Africa downturn, tops upstream investment with $5.3bn

Offshore oil facility Mkpoikana Udoma Port Harcourt — Nigeria has emerged as Sub-Saharan Africa’s leading upstream oil and gas investment destination in 2025, attracting $5.3 billion in capital despite an 18 per cent decline in upstream […]

India, UAE agree to boost trade and defence ties, finalise LNG deal at leaders’ meeting

New Delhi — India and the United Arab Emirates agreed to double bilateral trade to $200 billion in six years and strengthen defence ties during talks between Prime Minister Narendra Modi and UAE President Sheikh […]

NUPRC targets shut-in barrels to optimise Nigeria’s oil production

*Oritsemeyiwa Eyesan, Commission Chief Executive,, NUPRC Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has identified the recovery of shut-in oil and gas volumes as a central strategy for optimising Nigeria’s upstream […]

Philippines makes first natural gas discovery in more than a decade

The well, called Malampaya East One or MAE-1, is estimated to contain about 98 billion cubic feet of gas in place, equivalent to almost 14 billion kWh of electricity in one year, Marcos said. “Initial […]

Nigeria targets faster oil & gas project delivery

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — The Federal Government has reaffirmed its commitment to strengthening Engineering, Procurement and Construction, EPC, execution as a critical lever for timely and successful delivery of oil and gas […]

NMDPRA, NERC strengthen collaboration for sustainable power sector development

*NMDPRA Oritsegbubemi Omatseyin Lagos — The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Saidu Aliyu Mohammed, alongside members of his management team, paid a courtesy visit to the Nigerian Electricity […]

Mitsubishi to buy Texas, Louisiana shale gas assets for $7.53 billion

If finalised, the deal would give the company a substantial natural gas operation adjacent to the U.S. Gulf Coast and the energy export facilities being developed there. CEO Katsuya Nakanishi told a press conference the […]

Chevron, partners approve expansion of Israel’s Leviathan gas field

News wire –– Chevron and partners on Friday approved plans to vastly expand production at Israel’s sprawling Leviathan gas field, a project set to supply Egypt and others with more than $35 billion worth of […]

Oil prices rise 1% as supply risks remain in focus

Brent crude was up 84 cents, or 1.3%, to $64.60 a barrel at 1413 GMT, on course for a fourth consecutive weekly gain. U.S. West Texas Intermediate was up 80 cents, or 1.4%, to $59.99. […]

Eyesan unveils transformative vision for upstream sector, promises improved efficiency, collaboration

*Oritsemeyiwa Eyesan, Chief Executive, NUPRC Oritsegbubemi Omatseyin Lagos — The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Mrs. Oritsemeyiwa Eyesan, has unveiled her vision for the country’s upstream sector. This transformative […]