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News Ticker
  • [ June 24, 2026 ] FG mobilises EFCC, DSS, police to tackle LPG hoarding, diversion News
  • [ June 24, 2026 ] NUPRC, Defence target 1.8mbpd growth with new oil assets security strategy News
  • [ June 23, 2026 ] Sub-$80 oil tests Nigeria’s deregulation resolve News
  • [ June 23, 2026 ] Nigeria eyes LPG imports to close 165,000MT supply gap News
  • [ June 22, 2026 ] PTDF seeks stronger talent pipeline for oil industry growth News

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News

Crude oil exposed to geopolitical changes and demand risks

*Crude oil tanker in Zhoushan – Reuters Lagos — Crude oil futures stabilized to a certain extent but could continue to see volatility risks. On the supply side, negotiations over Iran’s nuclear program appear stalled, […]
News

ABS approves new multi-purpose deepwater LNG floating asset from SHI

ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water. Called MLF-O, the next-generation design from […]
News

PETROAN decries prolonged delay of Port Harcourt Refinery, demand Tinubu’s intervention

*NNPC operated Port Harcourt Refinery. Mkpoikana Udoma Port Harcourt — The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has raised the alarm over persistent delays in the completion of the Port Harcourt Refinery […]
News

Oil prices steady due to uncertainty in U.S.-Iran negotiations

*Oil prices – Russia-Ukraine peace talks London — Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. […]
News

ADNOC and Tubacex sign agreement to localize oilfield technology in the UAE

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localize critical oilfield technology, enhancing the resilience of the UAE’s industrial base. The announcement was made at the […]
News

One X acquires United Energy, expanding completions technology across U.S.

One X, a leading provider of completions hardware and performance-based solutions, has acquired United Energy Partners. This move accelerates One X’s strategy to become the go-to field partner for high-efficiency, low-maintenance, service-less valve systems across […]
News

Fresh oil spill from Renaissance facility hits Ahoada West in Rivers

– YEAC-Nigeria demands urgent action Mkpoikana Udoma Port Harcourt — A fresh crude oil spill has rocked Oshika community in Ahoada West Local Government Area of Rivers State, sparking environmental concerns and calls for accountability. […]
News

Exxon, ADNOC agree to boost capacity of offshore oil field

(Bloomberg) – The United Arab Emirates and Exxon Mobil Corp. agreed to expand the nation’s oil production capacity.  Abu Dhabi National Oil Co. will work with Exxon to boost capacity at the offshore […]
News

Oil futures capped over U.S. fiscal worries, China’s slowdown

Lagos — Crude oil futures remained capped below USD 62 per barrel as market sentiment was weighed down by Moody’s downgrade of the U.S. sovereign credit rating. The latter raised concerns about the country’s growing […]
News

Texas RRC issues enhanced guidelines for Permian disposal wells

Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. In order to further enhance the integrity of […]

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