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Nigeria to close skill gap in energy sector, launches oil & gas academy

*Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, with Bauchi State Governor, Senator Bala Mohammed. Mkpoikana Udoma Port Harcourt — In a strategic move to address the critical skills gap in Nigeria’s oil […]

Global oil demand growth to slow for rest of 2025, says IEA

(Bloomberg) – Global oil demand growth will slow during the remainder of 2025 after a robust first quarter due to “economic headwinds,” the International Energy Agency said. After increasing 990,000 bpd year-on-year between […]

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EOG Resources awarded exploration concession for onshore UAE shale basin

EOG Resources, Inc. (EOG) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA). […]

UAE to up value of US energy investments to $440 billion by 2035

The wealthy oil power’s strategy – which aligns with global growth ambitions for its companies – was announced during a presentation by Abu Dhabi oil giant ADNOC’s CEO Sultan Al Jaber to Trump during the […]

Asian spot LNG prices rise slightly on US-China tariff truce

The average LNG price for July delivery into north-east Asia was at $11.75 per million British thermal units (mmBtu), up from $11.50/mmBtu last week, industry sources estimated. “Activity has picked up somewhat and prices have […]

US LNG exporters push forward new projects despite trade war uncertainty

The U.S., already the world’s largest exporter of the superchilled gas with 91.3 million tonnes of annual capacity, should triple that before 2030 thanks to projects awaiting final investment decisions. Those come on top of […]

Halliburton, Rhino Resources deliver two wells in Orange Basin, offshore Namibia

Halliburton and Rhino Resources have delivered two exploration wells within Petroleum Exploration License (PEL) 85 offshore Namibia, the companies announced this week. These exploration wells are the first to be completed entirely from […]

Oxy and ADNOC’s investment firm to explore carbon capture solutions in Texas

Occidental and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part […]

Renaissance surpasses oil output target by 40% in first month

Mkpoikana Udoma Port Harcourt — In a striking debut, Renaissance Africa Energy Company Limited has exceeded crude oil production targets by 40 percent in its first month of operating the former Shell Petroleum Development Company, […]

Aramco signs up to $90bn in US deals as Trump’s Gulf tour spurs flurry of tie-ups

Dubai — Saudi Aramco unveiled 34 preliminary deals with major U.S. companies on Wednesday, potentially worth up to $90 billion in one of its broadest pushes to deepen commercial ties with the United States. The agreements […]