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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

NNPC’s 20% stake in Dangote refinery slashed to 7.2%

NNPC, which is in talks over another oil-backed loan to boost its finances, agreed three years ago to buy shares for $2.7 billion in the 650,000 barrels per day refinery. “NNPC no longer owns a […]

Oil holds its ground as Chinese demand concerns weigh

The reaction of the wider markets to the attempted assassination of former U.S. President Donald Trump was in focus. The U.S. dollar steadied after gains earlier in the session that had weighed on oil. Brent […]

Angola’s 2025 oil and gas licensing round underscores attractive exploration opportunities in Africa

(WO) – With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors. […]

Shell’s “highly-attractive” Jerun field investment offshore Malaysia to contribute to LNG goals following first gas production

(WO) – On July 10th, World Oil reported that the Jerun field in Malaysia, operated by SapuraOMV Upstream Sdn Bhd, has achieved first gas production. Shell plc has a 30% equity stake in the field, […]

FTC to delay $53 billion Chevron-Hess deal until after ExxonMobil arbitration over assets offshore Guyana

(Bloomberg) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron Corp.’s $53 billion takeover of Hess Corp. until after an arbitration case with Exxon Mobil Corp. is settled, according […]

Organized Labour rejects Tinubu’s N62,000 minimum wage offer

*L-r: Festus Osifo, Joe Ajaero, President Bola Tinubu, Nkiruka Oyejeocha and Tommy Okon when the President hosted Labour leaders at the villa yesterday to discuss minimum wage. – As FG, Labour adjourn talks to next […]

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Honeywell to acquire Air Products’ LNG business for $1.81 billion in a bet on natural gas

(WO) – Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. Honeywell’s […]

Nigeria to meter 187 flow stations, deploy cargo tracking system

*OML 30 flow-station Mkpoikana Udoma Port Harcourt — In a bid to tackle crude oil theft and diversion, the Federal Government has approved the metering of 187 flow stations across the Niger Delta region and […]

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal

CONTEXT Conoco said in May it would pay $22.5 billion in stock for Marathon Oil to boost its output and achieve greater economies of scale in U.S. shale fields and in liquefied natural gas. Its […]

Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries

“OPEC+’s need to maintain stable prices, elevated hopes of falling inflation and possible rate cuts every time oil dips below $80 puts a floor under the market,” PVM oil analyst Tamas Varga said. As a […]