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[ September 27, 2026 ] NNPC Executive calls for more inclusive energy policy News
[ September 27, 2026 ] Over 100 Nigerian flare sites offer new energy opportunity News
[ September 26, 2026 ] President Tinubu hails $800 million Ima Gas FID as Nigeria unlocks five- decade-old gas resource News
[ September 25, 2026 ] Expert demands refinery restart as Nigeria’s fuel prices rise News
[ September 25, 2026 ] $600m Ima gas project targets NLNG Train-7 supply News

NNPC Ltd/Chevron JV concludes conversion of assets into PIA terms

* R-L: GCEO NNPC Ltd, Mr. Mele Kyari and Director, Deepwater and Production Sharing Contract (PSC) of Chevron Nigeria Limited (CNL), Mrs. Michelle Pflueger, sign documents during a ceremony on conversion of the NNPC/CNL JV […]

Eni, SOCAR to expand oil and gas exploration, greenhouse gas emissions reduction in Azerbaijan

(WO) – Eni and Azerbaijan’s state energy company SOCAR have signed three Memorandums of Understanding (MoU) in the areas of energy security, greenhouse gas emissions reduction and the biofuel production chain. Absheron field […]

Transition to cleaner fuels seen dragging on China’s oil demand growth

China’s annual demand growth has slowed from around 500,000-600,000 barrels per day (bpd) in the five years before the COVID-19 pandemic to 200,000 bpd now, said Daan Struyven, head of oil research at Goldman Sachs. […]

Mexico’s richest man Carlos Slim scoops more Talos shares following surprise CEO departure

(Bloomberg) – Carlos Slim, Latin America’s richest person, boosted his stake in U.S. oil and gas producer Talos Energy Inc. this week in the aftermath of a surprise exit by its founder and chief executive […]

Blacklisting oil and gas has proved a bad bet for ESG, hedge fund veteran Kyle Bass says

(Bloomberg) – One of the most contentious investing strategies on Wall Street might be a lot less beleaguered right now if its defenders had shown a bit more moderation from the get-go, according to Kyle […]

CNOOC begins oil production from Wushi 17-2 field offshore China

(WO) – CNOOC Limited announced that the Wushi 17-2 oil field development project has commenced production offshore China. The project is in Beibu Gulf, with an average water depth of approximately 28 m. […]

Nigeria licenses first floating LNG plant for export and domestic use

*UTM Offshore CEO Julius Rone Abuja — Nigeria’s oil regulator on Friday granted UTM Offshore Limited the first license to operate a floating liquefied natural gas plant, to tap flared gas from an ExxonMobil oil […]

NNPC Ltd says not sole buyer of Dangote gasoline

*A view of the newly-commissioned Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. Lagos — Nigeria’s state-owned oil firm NNPC Ltd said on Saturday it will not be […]

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AI to dampen oil prices over next decade on improved U.S. shale production, Goldman Sachs predicts

(Bloomberg) – Artificial intelligence will ultimately help drive down oil prices over the next decade as improved U.S. shale production outweighs better oil demand, according to Goldman Sachs Group Inc. The bank forecasts […]

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