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Crude oil market remains volatile amid U.S.-China trade tensions

*Crude oil tanker in Zhoushan – Reuters Lagos — Crude oil futures remain volatile, despite a strong rebound during Wednesday’s session. Oil prices declined on Thursday as U.S.-China trade tensions remain high, with President Trump […]

Oil price shock may be short lived, Canada energy chiefs say

(Bloomberg) – The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto. […]

Texas shale industry voices frustrations with Trump as oil prices tank

(Bloomberg) – The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious […]

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 […]