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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 settles at 8-month low after disappointing US job numbers

*Global oil flow. Houston — Oil prices fell on Friday, settling at their lowest since January after data showed the U.S. economy added fewer jobs than expected last month, and weak Chinese economic data added […]

Petrobras enlists SLB to deploy pre-salt subsea production system across Atapu, Sepia fields offshore Brazil

(WO) — SLB has announced a major offshore contract award by Petrobras, following a competitive tender, to its OneSubsea joint venture for their standardized, pre-salt subsea production systems and related services. The scope covers the […]

Nigeria’s first quarter oil earnings grew by 97% to N2.06trn

*A view of Central Bank of Nigeria headquarters next to National. Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde Michael Eboh Dublin, Ireland — Nigeria’s earnings from oil and gas appreciated by 96.62 […]

Exxon delivers $9.2bn second-quarter profit, raises output target

– Exxon raises 2024 oil and gas output goal to 4.3 million bpd– Raises capital spending guidance to $28 billion for 2024– Aims to cut cumulative $5 billion in costs through 2027 London — Exxon […]

Crescent Energy, SilverBow Resources form second-larger Eagle Ford player following $2.1 billion acquisition closing

(WO) – Crescent Energy Company announced the closing of its acquisition of SilverBow Resources, Inc. The transaction was closed ahead of schedule. The SilverBow integration is well underway, with approximately $35 million of […]

Petrobras looks to acquire “significant” stake in Galp Energia’s massive Mopane oil and gas discovery offshore Namibia

(WO) – Petrobras has made an offer to acquire a significant stake in Galp Energia’s highly-anticipated oil and gas discovery offshore Namibia, according to Reuters. If successful, Petrobras would become the operator of the Mopane […]

Shell Q2 profit slides to $6.3bn on weaker trading

London — Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were […]

OPEC+ sticks to oil policy, repeats could pause Oct hike

*Austrian police officers stand in front of the OPEC headquarters in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger/File Phot. – Russia comfortable with current oil prices– Algeria sees demand on upward trend in coming weeks– […]

PETRONAS accelerates development of 12 fields offshore Malaysia with multiple PSC deals

(WO) – PETRONAS signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round Plus (MBR+) Round I. These clusters are located offshore Peninsular Malaysia. […]

Nigeria’s Kerosene price soars to N1,555/litre in June 2024

*Petrol dispenser nozzle. Mkpoikana Udoma Port Harcourt — The average retail price of household kerosene has surged by 7.22percent to N1,555.11 per litre in June 2024, compared to N1,450.35 in May 2024, according to the […]