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[ May 4, 2026 ] Dangote pushes direct supply, warns on pricing pressure News
[ May 4, 2026 ] Atiku slams Tinubu reforms, says Nigerian workers bear hardship News
[ May 3, 2026 ] NMDPRA warns marketers, backs Dangote’s ₦1,820 Jet A1 price News
[ May 3, 2026 ] NUPRC moves to boost domestic gas supply with NLNG push News
[ May 2, 2026 ] Rivers workers decry pension crisis, demand reforms amid economic hardship News

Vitol, Glencore win $380 million award in Nigerian LNG litigation

*Instruments of dispensing justice. – Taleveras sued NLNG for non-delivery of 19 cargoes in 2020-2021– NLNG’s appeal rejected; $260m awarded to Vitol, $120m to Glencore– NLNG reviewing ruling; Shell, Eni declined comment; no response from […]

Trump’s 10% oil tariffs could cost foreign producers $10bn annually

*President Donald Trump. London — Goldman Sachs has provided estimates that a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, with Canadian and Latin American heavy crude producers heavily reliant […]

OneSubsea, Innovex, sign agreement for subsea wellhead technology

Innovex International announced the signing of a strategic frame agreement with SLB OneSubsea for the supply of subsea wellhead systems. “This collaboration further deepens our relationship with OneSubsea, enabling us to deliver integrated […]

Afreximbank to set up $1 billion Guyana oil service financing facility

The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country’s fast growing oil industry, […]

Truckers down tools to protest incessant impoundment of vehicles, extortion

*Trucks on the Oshodi-Apapa expressway – Gives three days ultimatum to disband Committees– Fines are paid into private Bank accounts Esther Oritse Lagos — A coalition of the Nigerian Association of Road Transport Owners (NARTO), […]

Nigeria targets multi-billion-dollar hydrogen market with new policy framework

*Participants at the forum. Mkpoikana Udoma Port Harcourt — The Federal Government has taken a bold step to position Nigeria as a key player in the global hydrogen economy, unveiling plans to develop a National […]

Tokyo Gas to shell stake in Eagle Ford shale for $130 million

(Bloomberg) – Tokyo Gas Co. will offload its stake in a Texas shale project, amid scrutiny from activist shareholder Elliott Investment Management, which has called for the utility to streamline its portfolio. The company will […]

Shell suspends production on Nun River-Kolo Creek pipeline over oil spills

*Polluted waters of the Nun River Kolo Creek. Mkpoikana Udoma Port Harcourt — The Shell Petroleum Development Company of Nigeria Limited, SPDC, has confirmed an oil spill from one of its assets in the Obololi […]

Bowman to acquire UP Engineering, expanding oil and gas footprint

Bowman Consulting Group has entered into a definitive purchase agreement to acquire UP Engineering, a San Antonio, Texas-based firm specializing in civil engineering and surveying services. UP serves clients throughout Texas with a focus on […]

‘Petroleum industry contributes 95% of Nigeria’s foreign exchange earnings’

*Crude oil export vessel. Mkpoikana Udoma Port Harcourt — The Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella, has reiterated the critical role of Nigeria’s petroleum industry in the country’s economy, stating that […]