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[ 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

NCDMB earmarks N15bn to finance community contractors in oil & gas

*Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, speaking at the Practical Nigerian Content Forum in Yenagoa, Bayelsa StateMkpoikana Udoma Yenagoa — The Nigerian Content Development and Monitoring Board, NCDMB, has announced the allocation of […]

Crude oil trade sideways, OPEC+ expected to extend cuts

*World oil outlook. – Global demand sluggish Lagos — Oil prices saw some volatility as they trade sideways as market participants awaited the outcome of an OPEC+ meeting later this week. Traders could adopt a […]

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Scotland’s hydrogen export strategy could unlock £93 billion global opportunity, OEUK says

Leading trade body, Offshore Energies UK (OEUK) says Scotland’s new hydrogen export strategy can build on the nation’s industrial strengths and unlock a £93 billion export opportunity if firms are now backed with a clear […]

CNOOC begins production on Huizhou 26-6 oilfield development project

CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. The project is located in the Pearl River Mouth Basin, with an average water depth of approximately 110 meters. The main […]

Oil rises on upbeat China data, shaky Israel-Lebanon ceasefire

*Crude oil tanker in Zhoushan – Reuters Bengaluru — Oil prices rose more than 1% on Monday, supported by strong factory activity in China, the world’s second-largest oil consumer, and escalating tensions in the Middle […]

Nigeria Police deny involvement in fuel scooping scandal

*Police officers scooping petrol from a fallen petrol tanker. Mkpoikana Udoma Port Harcourt — The Nigeria Police Force, NPF, has vehemently denied allegations that its personnel were involved in scooping fuel from a fallen tanker, […]

GeoPark announces plans to acquire Repsol upstream assets in Colombia

GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. The potential acquisition would […]

Ecopetrol Group allocates over half of 2025 budget for exploration & production

Ecopetrol S.A. Board of Directors have approved the 2025 investment budget of the Ecopetrol Group for an amount between 24 and 28 trillion pesos, with more than half the approved budget earmarked for crude and […]

Nigeria spends N3.22trn on fuel import in three months

*Fuel imports Michael Eboh Dublin, Ireland — Nigeria spent N3.221 trillion on the importation of premium motor spirit (PMS), also known as petrol, in the second quarter of 2024, rising by 99.2 per cent compared […]

Gazprom’s Nord Stream 2 loses EU court ruling

(Bloomberg) – Russia’s controversial Nord Stream 2 pipeline lost the latest round of its legal fight against European Union gas market rules, in a largely symbolic court defeat for the now-shuttered project. Gazprom PJSC-controlled Nord Stream 2 […]