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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

Oil prices drop following reports Israel won’t target Iran’s crude infrastructure

Oil prices dropped and concerns over supply chain disruption were eased Tuesday after a report that Israel may avoid targeting Iran’s crude infrastructure. Traders’ focus is now turned back to the International Energy Agency’s expectations […]

Oil plunges 4% as Iran supply disruption concerns ease

– Demand outlook weakens– Brent, WTI down over 4%– Israeli PM Netanyahu says willing not to strike Iran oil targets– OPEC, IAE cut global oil demand growth outlook London — Oil prices tumbled more than […]

IEA sees oil surplus looming, reassures on Iran supply risk

Oil prices have risen in recent weeks on investor concern that Israel may retaliate against a missile attack from Iran, a major oil exporter and OPEC member, by hitting its oil facilities or nuclear sites. […]

IEA sees oil surplus looming, reassures on Iran supply risk

Chevron donates $250k and critical fuel to aid hurricane relief efforts

Chevron today announced a donation of $250,000 to support relief and recovery efforts after Hurricane Milton devastated parts of Florida. The funds will provide support for emergency teams and volunteer efforts. “Our thoughts […]

Belemaoil restarts operations at OML 55 after 3-year shutdown

Yenagoa — Nigerian independent producer Belemaoil Producing has resumed operations at its oil block Oil Mining Lease 55 after a three-year shutdown as a result of damage to the facility caused by theft, it said […]

Woodside completes installation of Scarborough Energy Project trunkline

Woodside Energy has announced the successful completion of the installation of the Scarborough Energy Project trunkline. When operational, the 433 km trunkline will transport gas from the offshore Scarborough field to the onshore […]

Nigeria to gain 40,000b/d oil production from NNPCL/Century FPSO

*Headquarters of the Nigeria National Petroleum Company Ltd, Central Business District, Garki, Abuja. Mkpoikana Udoma Port Harcourt — In a significant move to enhance crude oil output, Nigeria is set to add 40,000 barrels per […]

U.S. sanctions on Iran to expand

(Bloomberg) – The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s […]

Shelf Drilling secures new drilling contracts for offshore West Africa

(WO) – Shelf Drilling, Ltd. has secured new contracts for two jack-up rigs in offshore Nigeria, paving the way for a fully executed three-year contract for the Achiever jack-up rig, and expanding their operations in […]