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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 and gas companies bring focus back to fossil fuels on energy security concerns

(WO) – The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has […]

US, Canada to negotiate maritime boundary in Beaufort Sea

The group will work toward a final agreement covering the border area, which lies north of Alaska and the Canadian provinces of Yukon and the Northwest Territories, the two countries said. The negotiations come amid […]

Strohm’s TCP jumpers installed at Deepwater Sabah project offshore Malaysia

(WO) – Strohm, the world’s first thermoplastic composite pipe (TCP) company, has overseen the successful installation of its TCP Jumper technology at the Deepwater Sabah project offshore Malaysia. Installed by contractor McDermott on […]

OPEC rolls out global oil outlook to 2050, sees no peak demand

The Organization of the Petroleum Exporting Countries, in its 2024 World Oil Outlook published on Tuesday, sees demand growing for a longer period than other forecasters like BP and the International Energy Agency, which see […]

20 years of offshore exploration yields plethora of valuable discoveries with abundant remaining potential, Norwegian Offshore Directorate reports

(WO) – A Norwegian Offshore Directorate analysis of exploration activity over the last 20 years (2004-2023) shows that the discoveries are valued at three times the costs expended. Value creation from exploration in […]

FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

(Bloomberg) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this […]

Nigeria’s oil-producing states receive N99.47bn derivation revenue for August

*Map of Nigeria showing the Oil Producing States in Niger Delta Region. Lagos – Nigeria’s oil producing states received N99.474 billion Derivation Revenue for August, being the 13% derivation fund as prescribed by law. The […]

TotalEnergies commences gas production from Fenix field offshore Argentina ahead of schedule

(WO) – TotalEnergies announces the start of production from the Fenix gas field, located 60 km offshore Tierra del Fuego in Southern Argentina. Source: TotalEnergies The Fenix field is part of the Cuenca […]

Oil edges higher as US interest rate cut counters weak demand

*Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. […]

SLB expands collaboration with NVIDIA to develop AI-powered solutions for energy industry

(WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific […]